Official Melania Token (MELANIA) surged 7% within 24 hours, with trading volume skyrocketing by 115% to $12.42 million, defying the overall market downward trend. The rise of this Solana-based meme coin may be related to an upcoming documentary, as its short positions plummeted by $250,000, with a long-short ratio reaching 2.63. Despite recent gains, MELANIA's price is still down nearly 99% from its all-time high.
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Official Melania Token (MELANIA) surged 7% within 24 hours, with trading volume skyrocketing by 115% to $12.42 million, defying the overall market downward trend. The rise of this Solana-based meme coin may be related to an upcoming documentary, as its short positions plummeted by $250,000, with a long-short ratio reaching 2.63. Despite recent gains, MELANIA's price is still down nearly 99% from its all-time high.