When the most famous man in the world cashes in on a crypto trend, that's a strong top signal. Why it matters: Revenue has been falling for the leading meme-coin platform since the Trump Organization launched the Official Trump (TRUMP) and Melania Meme (MELANIA) coins Jan.

The value of $MELANIA has plummeted to less than $1, leaving investors reeling from losses, underscoring the unpredictable world of cryptocurrency.

Democratic politicians are calling for restrictions on politicians profiting from the launch or promotion of memecoins.

Memecoin’s moment may have passed, just after U.S. President Donald Trump cashed in on the frenzy around it. The MAGA chief’s decision in January to launch a memecoin—a digital token which isn’t linked to any kind of underlying business or asset—caused a flurry of interest,

Congress Democrats have introduced a bill in the House to ban top federal officials and their families from issuing or promoting meme coins.