Summary
- It was reported that the issuance of meme coins by the Trump family is causing most altcoins to decline.
- The decline rates of various altcoins were revealed, with DeFi AI falling by 14.90% and Layer 2 by 10.59%.
- It was added that the issuance of Trump and Melania meme coins has impacted the market.
An analysis has emerged that the issuance of official meme coins by the family of Donald Trump, the President-elect of the United States, has impacted altcoins.
On the 20th (local time), WuBlockchain reported on X (formerly Twitter) that "most altcoins are showing a downward trend due to the issuance of meme coins by the Trump family."
Furthermore, it explained, "AI Agent Coin fell by 12.08%, DeFi AI by 14.90%, DeFi by 6.94%, Layer 1 by 6.99%, Meme Coin by 7.53%, and Layer 2 by 10.59%." Previously, the Trump family had issued the meme coins 'Official Trump (TRUMP)' and 'Melania (MELANIA)'.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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