Melania Meme Coin Rockets Past $2B Market Cap Despite Controversy

Melania Trump's meme coin hit the market just one day after her husband's TRUMP token took off. And it's already stirring up both hype and controversy.

Cryptocurrency prices are known to be volatile, but the new meme coin named after former First Lady Melania Trump is taking things to another level.

After her husband's TRUMP token soared earlier this week, Melania's meme coin hit the market on Thursday – and it's already stirring up both hype and controversy.

Hosted on Solana, MELANIA rocketed from its launch price to an all-time high of $13.73 on Friday morning, according to CoinGecko data. This pump pushed its market cap past $2.2 billion. Not bad for a coin that has only been live for 24 hours.

But the timing of its launch has drawn criticism from some in the crypto industry.

wait… is the melania coin real?

RT’d by @realDonaldTrump

website is so bad i assumed it was a hack. pic.twitter.com/L4lX8aey1Q

— Coffeezilla (@coffeebreak_YT) January 19, 2025

Jim Bianco didn't hold back, calling the Trump organization "greedy." YouTuber Coffeezilla took it a step further, saying MELANIA's website was so bad that he thought it was a hack.

Still, MELANIA is holding its ground in the world's top meme coins. It's currently ranked 7th in value and has seen over $5.3 billion in trading volume since yesterday. It's even top of CoinMarketCap's trending cryptos list.

Can MELANIA Hit $20 After Its Price Dip?

MELANIA's price has since settled around $7.90, but there are plenty of signs that this might be a quick breather before another big move up.

The numbers so far are solid – over 445,000 holders worldwide and a capped supply of 1 billion tokens. A total of 250 million of those tokens (25% of the supply) are already in circulation.

Traders are watching the $6.90 level, which lines up with the 0.5 Fibonacci retracement zone and could be the launch pad for the next leg up.

With Trump's inauguration today and Binance introducing perpetual futures for MELANIA, such a rally could happen fast.

But can the coin hit $20? A move from support at $6.90 to $20 would mean a 189% jump – ambitious but not out of the question given the level of buzz MELANIA is getting.

Influencers like WhaleEverything on Twitter seem to agree.

So, although things might have cooled off since MELANIA's high, there's a good chance that the momentum could pick up again soon.

Flockerz & Meme Index Gain Traction as Hype Grows Around These Viral Presale Coins

All of the excitement around MELANIA is setting the stage for the next batch of meme coins to explode.

Two new presale projects are getting attention in this regard: Flockerz and Meme Index.

Flockerz has raised $11.2 million in presale, and it's easy to see why. Unlike MELANIA, which relies on speculation, Flockerz brings something useful with a Vote-to-Earn model.

The Flock is making it rain in Flocktopia!!! 🤑

11M Raised! 🐦🔥 pic.twitter.com/jxZwROeS5W

— Flockerz (@FlockerzToken) January 19, 2025

Community members get to vote on governance proposals and earn FLOCK tokens for doing so. The more someone votes, the more FLOCK they can earn.

Flockerz's presale will end in just 2 days, meaning investors have one last chance to buy tokens at the fixed price of $0.0066883.

Fellow presale project Meme Index is also seeing an uptick in demand after MELANIA rallied.

This project offers curated portfolios of meme coins split across four different risk levels – ranging from conservative to high-risk plays.

With $2.6 million raised so far, Meme Index is catching the eye of investors who want meme coin exposure without having to pick individual coins.

There's even a staking app for the native MEMEX token offering APYs of 879%.

Crypto Gains, a YouTuber known for finding low-cap gems, urged his subscribers to "get in early."

With MELANIA proving what's possible, Flockerz and Meme Index could be entering the market at the right time. They might just be the next meme-themed cryptos to take off.

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