Crypto Market Plummets After Melania's Memecoin Launch, XRP Drops $3 as Whales Move to This AI Crypto
Currently valued at around $1.7 billion, Melania Trump has unveiled her memecoin in the crypto market. This move has coincided with a significant drop in Ripple’s XRP. Leading the charge, IntelMarkets is shaking up the trillion-dollar crypto landscape with its remarkable AI integration and deployment of automated trading robots, generating substantial gains.
What’s Behind XRP’s Decline? Here’s the Scoop.
Ripple’s XRP has taken a hit as several crypto markets experienced sell-offs today. The price plummeted over 5% amidst a broad crypto downturn affecting numerous major digital currencies. Ongoing regulatory uncertainties surrounding XRP have heightened investment risks, exacerbating market pressures.
XRP's price edged near the $3 support level, surprising many traders. It is positioned close to the upper edge of the Bollinger Bands on both daily and weekly charts. Increased activity from short sellers has further driven the price downward. Various market analysts anticipate multiple potential outcomes for XRP's price in the immediate future.
Even if current support levels hold, another 10% drop in value could occur. Some analyses suggest that if the selling doesn’t cease or slow down, XRP might lose roughly a third of its value. Major exchanges are reporting substantial sell-offs as the market downturn gathers momentum.
Melania Trump Unveils Memecoin Amid Trump Presidency
Ahead of her husband Donald Trump's inauguration as U.S. president, Melania Trump has introduced her own cryptocurrency named Melania. The token, hosted on the Solana blockchain, enters the market with a valuation of $1.7 billion, following the previous launch of $TRUMP, which currently holds a $12 billion valuation.
She revealed the launch on social media platform X, inviting users to join the ‘Official Melania Meme’ movement. Both the $MELANIA and $TRUMP websites feature disclaimers stating that the tokens are not meant as investment vehicles or securities, adding a strategic note of caution to their marketing efforts.
These developments reflect a complete turnaround in the Trump family's stance on digital currencies, with Donald Trump having previously dismissed crypto as a ‘scam.’ During his campaign, however, he embraced the sector, vowing to reduce regulatory obstacles and establish a strategic Bitcoin reserve. His election victory also boosted market optimism, pushing BTC to a new all-time high of $107,000.
AI-Powered Crypto Trading Platform Challenges Industry Leaders
While the changing market sentiment has resulted in significant declines in XRP, a formidable competitor is quietly gearing up for a major launch. IntelMarkets, a dual-chain AI-based crypto trading platform, offers up to 1,000x leverage and advanced trading tools for its users. So far, INTL has become the year's hottest presale, with over $7 million already raised.
With ongoing enhancements and practical product launches, IntelMarkets is poised to outshine major cryptocurrency players thanks to its widespread adoption among institutional investors and retail traders. The platform’s dual-functionality offers traders the flexibility to select their preferred blockchain based on their trading strategies.
IntelMarkets’ Presale Stage 8 Sells Out Rapidly: Advances to Stage 9
IntelMarkets completed its presale rounds ahead of schedule, according to expert analysts. They claim that if the platform maintains its current momentum among investors, it could become the next XRP. With its strong statistics and bullish transactions, IntelMarkets is set to surpass projects like Ripple soon after its listing.
As Ripple’s XRP faces resistance from investors, leading to significant sell-offs and ecosystem dips, IntelMarkets is receiving extraordinary support from the market. With over $1,610,000 raised from Fortune 500 investors and support from a Sovereign Wealth Fund, IntelMarkets is on the brink of emerging as the top altcoin of 2025. Join now!
Learn More About Intel Markets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
