Official Melania — a meme coin linked to first lady Melania Trump — has seen its value tumble almost 50% today and is down 70% from its highest point ever. Despite the downturn, there have been significant purchases by large investors at these lower prices. Nonetheless, experts advise potential buyers to be cautious and wait for a potentially better buying opportunity. In fact, many savvy investors have shifted their focus from political coins like TRUMP and MELANIA to smaller-cap meme coins such as Wall Street Pepe and Mind of Pepe . Is Buying the Dip on $MELANIA a Good Move? Melania Trump, the former First Lady of the United States, introduced her own meme coin, Official Melania, following the popularity of Donald Trump’s TRUMP coin. However, coins like TRUMP and MELANIA, alongside others like BARRON and IVANKA, appear to be in competition, which has diminished their individual returns. Furthermore, Donald Trump’s decision to omit any mention of cryptocurrencies in his opening address has added to the selling pressure on these politically themed coins. Consequently, Official Melania is currently trading 70% lower than its peak and has dropped nearly 50% just today. According to Elliot Wave analysis, the coin has completed its fourth impulsive wave, which is usually corrective. Yet, its fifth wave — typically when a coin experiences significant growth — is showing low trading volumes during upward movements, indicating a lack of interest from buyers. Moreover, it seems that $MELANIA is on course to test the $3.44 support level. If this level holds, it could create a double-bottom pattern, potentially leading to a bullish reversal. However, there's also the risk of a breakdown below this level. Due to these factors, both crypto experts and savvy investors are frustrated with the recent trend of political coins. Even those who profited from TRUMP feel that the launch of MELANIA was poorly timed and impacted their returns negatively. this $melania dogshit will go down as the biggest grift of all timeno one wants to bid this garbageretail isn’t coming on chain for the first ladysend it to 0 to start the real bull run pic.twitter.com/eOJku5fl1g — lyxe (@cryptolyxe) January 21, 2025 The negative sentiment around the meme coin isn't helping its price performance. It's not surprising that savvy investors are gravitating towards low-cap meme coins, which are less tied to the general market trends and are gaining popularity. Investors Seek Huge Returns with Wall Street Pepe and Mind of Pepe While TRUMP and MELANIA are facing challenges, a new meme coin, Wall Street Pepe (WEPE) , has attracted the attention of smart investors due to its impressive presale success. This token is adding close to $1 million to its ICO every day and has already amassed over $54 million. In addition to its Pepe The Frog theme, Wall Street Pepe’s VIP group, made up of all WEPE holders, is highly sought after. Members gain access to valuable market insights, trading strategies, and tips on the hottest cryptos to buy now. Furthermore, WEPE’s staking pool is drawing in retail investors with an annual reward rate exceeding 20%. With the Wall Street Pepe presale wrapping up in just 26 days, fear of missing out is growing. Some notable early investors believe WEPE has the potential to deliver up to 100x returns post-launch. Although meme coins are under pressure, the AI agent coin ai16z has seen a 13% rise today, indicating that the AI meme coin trend remains strong. Similarly, a new AI meme coin, Mind of Pepe (MIND) , is in high demand and has raised nearly $3 million in a short period. This project features a self-governing, evolving AI agent with its own crypto wallet and self-managed X and Telegram accounts. It offers MIND holders hive-mind analysis, community insights, and access to new AI-driven meme coins. Given the strong interest in small-cap AI coins, it's no wonder that experts are anticipating potential 20x returns with Mind of Pepe. Visit Mind of Pepe Presale 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.
