Melania Meme Coin (MELANIA) Skyrockets 120% as Top Crypto Exchanges Announce Listing

Melania Trump, the incoming First Lady of the United States, has followed in the footsteps of her husband, Donald Trump, by launching a Solana-based meme coin.

Melania Trump, the incoming First Lady of the United States, has launched a Solana-based meme coin called "MELANIA." The token's debut comes days after her husband, Donald Trump, launched his meme-based cryptocurrency, Official Trump (TRUMP).

Melania unveiled the meme coin in an X post yesterday, highlighting its listing on several centralized crypto exchanges. The token's launch and subsequent exchange listings have sparked a surge in trading volume, which currently exceeds $2.2 billion.

As previously reported, TRUMP's price soared rapidly after its launch, reaching a valuation of $9 billion within three hours. Following its listing on Binance and KuCoin, among other exchanges, TRUMP attained a market capitalization of $14.92 billion yesterday, with its price hitting an all-time high (ATH) of $75.35.

However, MELANIA's launch appears to have impacted TRUMP's price, contributing to a 50% decline to around $38. While TRUMP's price dropped, MELANIA soared in value, reaching a peak valuation of $1.8 billion. Its price also rose to an ATH of $13.19.

As expected, the token encountered a significant pullback, leading to a sharp decline to around $9. Currently, MELANIA is trading at $9.34, showing an increase of 32.55% from its all-time low (ATL) of $6.62.

Top Exchanges Announce Listing for MELANIA

Following the launch of MELANIA, several centralized crypto exchanges announced the token's listing on their platforms. These exchanges include Gate.io, MEXC, Bitget, BitMart, BingX, HTX, LBank, and CoinEx.

These centralized exchanges listed the Melania meme coin under the MELANIA/USDT trading pair. The listings contributed to MELANIA's trading volume surge, which currently stands at $2.2 billion.

KuCoin has also announced MELANIA's listing, with trading set to commence today at 06:00 (UTC).

📢 New Listing

Melania Meme $MELANIA Gets Listed on #KuCoin!

💎Pair: MELANIA/USDT 💎Deposit: now open (network: SOL-SPL)💎Trading: 06:00 on January 20, 2025 (UTC)

— KuCoin (@kucoincom) January 20, 2025

In the meantime, other leading crypto exchanges like Binance are yet to list the meme coin owned by the incoming U.S. First Lady. Recall that Binance joined other centralized exchanges to list TRUMP, presenting the token with a Seed Tag (ST).

MELANIA Tokenomics

Similar to the TRUMP meme coin, MELANIA has a dedicated website that discloses its tokenomics. Of the 1 billion max supply, 35% is allocated to the team, 20% to the community, 20% to the treasury, 15% to the public offering, and 10% to liquidity.

According to the model, the team's share of 35% will be locked for 30 days. Afterward, 10% of the team's allocation will be unlocked on Day 30. This represents 3% of MELANIA's total supply. The remaining allocation will be unlocked linearly within 2-13 months. Currently, MELANIA has a circulating supply of 162.21 million tokens.

Nevertheless, the decision to offer only 15% of the total supply to the public has raised concerns within the crypto community.

Another Trumpa Tuah!!Until people learn not to buy shitcoins or are dried out https://t.co/6lYhlTX6c4

— ₿itcoinio ڡ (@TheBitcoinio) January 19, 2025

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