Official Melania — first lady Melania Trump’s official meme coin — is down by nearly 50% today and 70% from its all-time high. The token has seen a stream of whale buys at its lows. However, experts believe sidelined investors should be cautious of buying the dip and likely wait for a better entry point. Indeed, many smart money investors have altogether pivoted from political coins like TRUMP and MELANIA and are now focusing on low-cap memes like Wall Street Pepe and Mind of Pepe . Should You Buy The Dip On $MELANIA? First Lady of the United States Melania Trump launched her own meme coin — Official Melania — following the success of Donald Trump’s TRUMP coin. However, TRUMP and MELANIA, along with coins such as BARRON and IVANKA, seem to be competing against one another, which has resulted in the dilution of their individual gains. Moreover, Donald Trump choosing not to mention crypto or Bitcoin in his inaugural speech resulted in further selling pressure on these PolitiFi coins. As a result, the Official Melania crypto is trading 70% below its all-time high and has corrected by nearly 50% just today itself. Elliot Wave analysis suggests the meme coin has completed its 4th impulsive wave, which is typically corrective in nature. However, its 5th wave — which is when a token goes parabolic — is seeing meagre trading volumes on its green candles, suggesting that it is not gaining traction among potential buyers. Moreover, it appears that $MELANIA is poised to retest the $3.44 support level. A successful retest would mean the formation of a double-bottom structure, which could spark a bullish reversal. However, the possibility of a breakdown below it cannot be overlooked. As such, crypto experts and smart money investors are frustrated with the recent PolitiFi coins. Even those who profited from TRUMP believe that the MELANIA launch was poorly timed and undermined their gains. 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 surrounding the meme coin isn’t doing its price action any favours. Unsurprisingly, smart money investors have rotated to low-cap meme coins, which are uncorrelated with the broader market outlook and are in high demand. Investors Eye 100x Gains With Wall Street Pepe and Mind of Pepe While TRUMP and MELANIA are struggling, a new meme coin, Wall Street Pepe (WEPE) , has impressed smart money investors with its stellar presale performance. The meme token is adding nearly $1 million to its ICO total daily and has already raised over $54 million. Besides the popular Pepe The Frog theme, Wall Street Pepe’s VIP group — comprising all WEPE holders — is in high demand. Group members will receive cutting-edge market alpha, trading setups and even tips on the best cryptos to buy now. Moreover, WEPE’s staking pool is also attracting retail investors, considering it is offering a reward rate of over 20% per annum. With the Wall Street Pepe presale ending in just 26 days, the FOMO is starting to kick in. Some of the prominent early buyers believe WEPE could offer up to 100x returns following its launch. While meme coins are struggling, the popular AI agent coin ai16z is up by 13% today, suggesting the AI meme coin meta is going strong. Similarly, a new AI meme coin Mind of Pepe (MIND) is in high demand and has raised nearly $3 million in just a few days. The project features a self-sovereign, self-evolving AI agent, with its own crypto wallet and self-managed X and Telegram accounts. The agent promises hive-mind analysis, community intelligence and access to new AI-powered meme coins to MIND holders. Considering the strong demand for small-cap AI coins, it is no surprise experts are eyeing 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 Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
