The crypto market is seeing notable altcoins, Official Trump (TRUMP), Melania Meme (MELANIA), and VeThor (VTHO), trend today as they exhibit significant price movements. TRUMP has seen a decline in value, shedding 27% in 24 hours, largely driven by a negative Elder Ray Index indicating bear power dominance.
Similarly, MELANIA's value dipped by 58% post-inauguration hype loss, with a chance of further decline unless a buying resurgence occurs. In contrast, VeThor's VTHO token surged 140% in price after Upbit announced new trading pairs with the Korean Won and USDT, indicating robust market interest.
Such market dynamics showcase the volatile nature of meme coins and the significant impact of new trading opportunities in driving blockchain-based token growth.