2025-01-20
Melania Trump announced the launch of
her cryptocurrency memecoin, $MELANIA, just days after President-elect Donald
Trump introduced his own $TRUMP coin.
The former First Lady's memecoin is
already making waves in the crypto market, with a market cap of $1.772 billion
and a trading price exceeding $10 after debuting at mere pennies.
MELANIA TRUMP on X: "The Official Melania Meme is live! You can buy $MELANIA now.
A Crypto First for the First Lady
Unveiling the token on Jan. 19, 2025,
via social media, Melania Trump declared:
"The Official Melania Meme is
live! You can buy $MELANIA now."
Her announcement came as the incoming
president rallied supporters at Washington, D.C.'s Capital One Arena,
showcasing the Trump family's embrace of the growing cryptocurrency trend.
Key Details of $MELANIA
The project website outlines a vesting
schedule for team tokens, with an initial lock period followed by staggered
releases over 13 months.
Impact on $TRUMP Coin
While $MELANIA soared, its launch
caused turbulence for $TRUMP coin, which had been introduced just days earlier.
The Wall Street Journal reported that
$TRUMP coin experienced a sharp 45% dip following $MELANIA's debut, though it
later rebounded to around $48 after peaking at $76 earlier in the day.
$TRUMP coin's meteoric rise—from a few
cents to over $33.87 within 24 hours—has drawn attention for its staggering
price swings.
President-elect Trump has promised to
foster a crypto-friendly environment in his administration, reversing what he
calls a "regulatory stranglehold" imposed during the Biden years.
