10 Trillion Won Gone Overnight: Did Melania’s Meme Coin Sink ‘Trump Coin’?

- Donald Trump Cryptocurrency (TRUMP Token) Recent Decline - Melania Trump Token Website Security Vulnerability Issue [Unblock Media] Cryptocurrencies bearing the names of Donald Trump and Melania Trump have garnered attention in the market. However, recent issues, including price volatility, website security concerns, and data reliability, have raised significant questions about these tokens. To begin with, the "TRUMP token," named after Donald Trump, has seen a notable decline, dropping from $74.6 to $45.9 according to CoinMarketCap. This sharp price fluctuation can be attributed to rapid shifts in market sentiment and a surge in sell orders from investors within a short period. However, caution is advised when referencing CoinMarketCap data. While it remains one of the most widely used data providers in the cryptocurrency market, concerns about inflated trading volumes and liquidity figures from certain exchanges persist. To ensure more accurate analysis, it is advisable to cross-check CoinMarketCap data with external resources like Chainalysis or use CoinMarketCap’s transparency metrics. Melania Trump’s associated token has also attracted market interest, but the security of its related website has become a source of concern. Created on January 18, the website reportedly lacks protection from prominent cybersecurity services such as Cloudflare. Websites without robust security measures are more susceptible to attacks, including phishing, spam, and malware insertion, which could lead to account theft or sensitive information breaches. An analysis by Bubblemaps revealed that over 90% of MELANIA tokens are concentrated in a single wallet. Such centralization raises the risk of price manipulation or large-scale sell-offs. For investors, transparency regarding the wallet owner or project team is crucial. Moreover, vigilance against typical scams like “rug pulls” is essential. While tokens bearing the Trump name are creating a buzz in the market, issues such as price volatility, security vulnerabilities, and data reliability continue to follow them. Investors should avoid being swayed by mere curiosity or speculative short-term strategies. Instead, they should thoroughly assess website security, verify data authenticity, and evaluate the overall transparency of the projects.