Trending Now
Iran foreign minister vows nuclear enrichment will continue ‘with or without...
Political world reacts to former President Biden’s ‘aggressive’ cancer diagnosis: ‘Incredibly...
Trump wishes Biden ‘fast and successful recovery’ after prostate cancer diagnosis
Joe Biden diagnosed with ‘aggressive form’ of prostate cancer with metastasis...
Rubio teases details of potential Trump, Putin in-person meeting after Russia-Ukraine...
Goldman Sachs trims oil forecast amid rising Iranian supply expectations
From most wanted to president: what’s next for Syria’s revolution?
$TRUMP price eyes breakout: could presidential dinner spark 120% rally?
Moody’s downgrades US credit rating: what to expect of markets on...
Trump’s ‘big, beautiful bill’ passes key House hurdle after GOP rebel...
Iran foreign minister vows nuclear enrichment will continue ‘with or without...
Political world reacts to former President Biden’s ‘aggressive’ cancer diagnosis: ‘Incredibly...
Trump wishes Biden ‘fast and successful recovery’ after prostate cancer diagnosis
Joe Biden diagnosed with ‘aggressive form’ of prostate cancer with metastasis...
Rubio teases details of potential Trump, Putin in-person meeting after Russia-Ukraine...
Goldman Sachs trims oil forecast amid rising Iranian supply expectations
From most wanted to president: what’s next for Syria’s revolution?
$TRUMP price eyes breakout: could presidential dinner spark 120% rally?
Moody’s downgrades US credit rating: what to expect of markets on...
Trump’s ‘big, beautiful bill’ passes key House hurdle after GOP rebel...
Insider Dealing News
  • Stock
  • Investing
  • Politics
  • World News
  • Editor’s Pick
Politics

PolitiFi cryptos today: TRUMP and MELANIA plunge, Truth Social refutes meme token plans

by May 13, 2025
written by May 13, 2025
Donald Trump addressing a crowd

Digital tokens traded in the red on Tuesday as the global cryptocurrency market cap lost 2.33% in the previous 24 hours to $3.29 trillion.

While Bitcoin’s retreat from the latest peak of above $105,000 to $102,900 at press time triggered notable declines in the altcoin space, politically linked meme tokens seemed to suffer the most.

While the global crypto market cap declined by 2.33% in the past day, the value of PolitiFi tokens declined by 7% to $2.9 billion.

Source – Coingecko

The significant dip highlights the high volatility associated with PolitiFi meme cryptocurrencies.

TRUMP and MELANIA lead the downside

The PolitiFi asset space is becoming saturated with new entrants joining daily.

Thus, our focus remained on the top tokens: Official Trump and Melania.

The duo displayed weakness amidst the ongoing bearish wave.

TRUMP lost over 10% in the last 24 hours despite optimistic ecosystem news.

The alt trades at $12.80 after touching $15 yesterday.

The soaring trading volume likely suggests increased activity from traders capitalizing on the prevailing volatility.

Also, MELANIA dropped nearly 10% within the past day to hover at $0.3747.

Chart by CoinMarketCap

These tokens have failed to stabilize despite positive updates in the political arena.

For instance, the increasing trade war tension between the US and China has cooled following the nations’ agreement over the weekend.

At the same time, TRUMP doesn’t reflect any momentum despite the upcoming dinner between the top holders and the US president.

Is the crypto market finally moving from speculative activities to projects with real-world value?

Remember, Ethereum’s co-founder warned about digital assets linked to governments, calling them “vehicles for unlimited political bribery.”

Truth Social clears token launch rumors

The Trump Media and Technology Group has announced that it will not launch a meme token for its social media site, Truth Social.

Donald Trump Jr confirmed the news on X, emphasizing, “Don’t be fooled by false information people are circulating.”

Donald Trump Jr.

Donald Trump Jr.

@DonaldJTrumpJr

·Follow

There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating.

Image

5:18 am · 13 May 2025

0

Reply

Read more on Twitter

The update follows massive speculations about the social platform unveiling a meme token soon.

Trump Jr replied to crypto influencer Ran Neuner, who told his followers that a Truth Social token would launch within three days.

Meanwhile, he warned the community to stay alert as the TRUMP team could be behind the new venture.

That could be because Official Trump disappointed investors with massive crashes after initial rallies.

Donald Trump-backed World Liberty Financial added to the clarification, stating:

There is no new Trump crypto project. WLFI is the only DeFi project backed by the Trumps. Anyone else pushing fake tokens is just a scammer trying to take advantage of people who don’t know better.

These uncertainties within PolitiFi digital tokens confirm why experts like Vitalik Buterin and CZ urge enthusiasts to avoid hype and prioritize assets with real-world utility.

The post PolitiFi cryptos today: TRUMP and MELANIA plunge, Truth Social refutes meme token plans appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Free ride: Allies, even Laura Loomer, turn on President Trump for accepting luxury jet from Qatar
next post
Knives out for Fetterman: Maverick senator joins long line of Dems punished for breaking from left

Related Posts

Trump wants Apple to shift iPhone production from...

May 16, 2025

Japan sees record fund inflows as Trump’s tariff...

May 16, 2025

Walmart to pass on tariff burden to shoppers,...

May 15, 2025

Two men, one turning point: Romania heads into...

May 14, 2025

Trump’s Middle East trip: is this the privatization...

May 13, 2025

Goldman Sachs trims oil forecast amid rising Iranian...

May 19, 2025

From most wanted to president: what’s next for...

May 19, 2025

$TRUMP price eyes breakout: could presidential dinner spark...

May 19, 2025

Moody’s downgrades US credit rating: what to expect...

May 19, 2025

Rich List 2025: UK billionaires decline for first...

May 16, 2025

Trump wants Apple to shift iPhone production from...

May 16, 2025

Japan sees record fund inflows as Trump’s tariff...

May 16, 2025

Walmart to pass on tariff burden to shoppers,...

May 15, 2025

Two men, one turning point: Romania heads into...

May 14, 2025

Trump’s Middle East trip: is this the privatization...

May 13, 2025

Goldman Sachs trims oil forecast amid rising Iranian...

May 19, 2025

From most wanted to president: what’s next for...

May 19, 2025

$TRUMP price eyes breakout: could presidential dinner spark...

May 19, 2025

Moody’s downgrades US credit rating: what to expect...

May 19, 2025

Rich List 2025: UK billionaires decline for first...

May 16, 2025







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 InsiderDealingNews.com All Rights Reserved.

    Insider Dealing News
    • Stock
    • Investing
    • Politics
    • World News
    • Editor’s Pick