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Cryptocurrency News Articles

Melania Trump Launches Her Own Melania Memecoin [MELANIA], Skyrockets to $13 and $2 Billion Market Cap Within Hours

Jan 20, 2025 at 06:00 pm

The announcement came shortly after President Donald Trump unveiled his Official Trump [TRUMP] memecoin, sparking a frenzy in the cryptocurrency market.

First Lady Melania Trump has announced the launch of her own cryptocurrency, called Melania Meme (MELANIA). The announcement comes shortly after President Donald Trump unveiled his Official Trump (TRUMP) memecoin.

Melania Trump announced the launch of her memecoin, MELANIA, via a social media post, stating, “The Official Melania Meme is live! You can buy $MELANIA now.”

The launch of the MELANIA coin follows the recent surge of interest in cryptocurrency by President Trump, who has also introduced his digital asset.

In a Truth Social post, the President announced, “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW.”

This also coincides with a timeline where Donald Trump prepares to take office as the 47th President of the United States.

As expected, the recent surge in popularity of the TRUMP and MELANIA memecoins has sparked significant debate within the crypto community, with critics arguing that these initiatives could overshadow real utility-driven projects.

Remarking on the same, ETF Store President Nate Geraci said, “Memecoin traders are *well aware* they’re playing crypto version of musical chairs. They’re not under some illusion they’re investing in Fortune 500 companies.”

“They know it’s all greater fool theory. They also don’t view memecoins as legit “crypto projects”,” he added.

Latest price actions of the memecoins

At press time, TRUMP was trading at $59.43, marking a 32.8% increase in 24 hours. MELANIA surged by 68.4% to reach $12.51.

Both tokens were dominating the trending memecoin charts according to CoinGecko. However, analysis by AMBCrypto suggests this rally may be short-lived.

There is potential for consolidation or a short-term pullback before any further gains.

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Other articles published on Jan 20, 2025