Official Melania (CRYPTO: MELANIA) coin rallied strongly on Tuesday, defying the weakness in the broader cryptocurrency market.

MELANIA Bucks Market Trends

The official cryptocurrency of First Lady Melania Trump rose as much as 7% over the past 24 hours, with trading volume surging 115% to $12.42 million in this period. The coin has rallied 25% since the beginning of the year.

MELANIA recorded nearly $351,000 in total liquidations in the last 24 hours, with $250,000 attributed to short liquidations, according to Coinglass.

Additionally, the coin’s Long/Short ratio surged to 2.63, indicating bullish bets were more than twice as prevalent as bearish bets.

The uptick contrasted with the…

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