MELANIA Token Stats by the numbers

This rapid price increase means the team's allocation could be worth more than $1.5 billion—an extraordinary valuation just days after launch.

First Trump Family Meme Coin Soars 3,400% After Launch, Raising Eyebrows

TRUMP Coin Price Drops 36% as New First Family Meme Coin Launches

Meme coins continue to dominate the crypto market, and now the former first family is getting in on the action. A new token named MELANIA was launched on December 21, and it soared by more than 3,400% within hours of hitting the market.

Created anonymously, the token is designed to pay homage to former First Lady Melania Trump. According to Dextools, the token began trading at $0.0000024 and quickly surged to a high of $0.000084. At press time, it trades hands at $0.000063.

The飙升li price of the MELANIA token has attracted significant attention in the crypto community. Some investors are flocking to the token, hoping to capitalize on its rapid appreciation. Others, however, are raising eyebrows at the token's astronomical rise and its association with a high-profile political figure.

Meanwhile, another Trump-related meme coin, known as TRUMP, is facing a steep decline. Named after former President Donald Trump, the token experienced a sharp drop of 36%.

According to data from CoinGecko, TRUMP, which was trading at $72 at the beginning of the day, fell to $44 by press time. This significant price movement comes as the second family meme coin is announced.

Investors appear to be questioning the Trump family's strategy of launching multiple tokens, which may be diluting interest in each individual project, as evident in TRUMP's price performance.

As the dust settles from the meme coin launches, all eyes are on the next move in the crypto market. Will we see other Trump family coins emerging in the near future? Only time will tell.