Melania Meme Coin (MELANIA) surged 18% in the past 24 hours, reaching $1.68 with a trading volume of $202.7 million.
Highlighting a recent surge in the meme coin sector, Melania Meme Coin (MELANIA) price soared by 18% within the past 24 hours, reaching $1.68 with a high trading volume of $202.7 million. This surge follows a remarkable 250% rally over the past week, sparking attention among traders.
However, despite this surge, $MELANIA is still trading 87% below its all-time high, underscoring the volatile nature of meme coin price movements. This volatility could present both opportunities and challenges for traders navigating the rapidly shifting crypto landscape.
What triggered this sudden surge in Melania Meme Coin (MELANIA) price? A newly created whale wallet purchased $10 million worth of MELANIA at $1.50 per token, sparking intense speculation within the market. Some traders might anticipate this accumulation as a strategic move ahead of a potential rally, while others could be speculating on an "exit pump" before a major event.
As the second batch of Melania Meme Coin (MELANIA) tokens is set to unlock on February 20, market participants are bracing for a potential impact on the coin's price. This upcoming token unlock will release 61.25 million tokens, which is 40.83% of the total supply, into the circulating market.
This large-scale unlock has elicited mixed reactions among traders. Some anticipate a price rally as demand might temporarily outpace the new supply, while others express concerns that the influx of tokens could lead to a sell-off, exerting downward pressure on $MELANIA's price.
Adding another layer to this anticipation, the broader crypto market landscape is also experiencing some turbulence. Bitcoin has slipped below the key psychological level of $25,000, while risk assets are facing pressure amid escalating U.S.-China trade tensions.
Beijing's recent tariffs on U.S. exports, ranging from coal and LNG to machinery, have rattled global markets. At the same وحد, tightening U.S. regulations on cryptocurrency exchanges and stablecoins are casting a shadow over speculative assets like meme coins.
Despite outperforming the $TRUMP meme coin recently, $MELANIA has lost nearly 90% of its value since launch, raising questions about its long-term viability and whether this upcoming price surge will be sustained or if it will pave the way for further volatility in the coming days.
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