New Delhi: Melania Trump, wife of next US President Donald Trump, on January 19, 2025, introduced the Melania Meme coin. “The Official Melania Meme is live! You can buy $MELANIA now,” Melania announced on X before Trump’s victory rally in Washington DC.
Melania Trump’s meme coin $Melania hit $2 billion in market cap, hours after its launch on the Solana platform. Forbes reported that the meme coin attracted huge number of traders which propelled the coin’s price to over $5 and achieving a market cap exceeding $5 billion.
The official Melania meme token, launched as a digital collectible, decreased by 9.67 per cent in the last hour and increased by 22.33 per cent in the past 24 hours, coinbase.com reported at 3: 15 pm (IST) today, coinbase.com reported.
Soon after its launch, Melania meme coin affected Donald Trump’s memecoin, which initially soared in value, reaching $14 billion market cap. The huge market cap helped it ranked among the top 20 cryptocurrencies. After the launch of $MELANIA, $TRUMP’s value plunged by nearly 40 per cent as several many investors sold their holdings and pumped in money on the $MELANIA bandwagon.
Donald Trump win in US Presidential Election 2024 has come as a boon for the cryptocurrency market. Trump is known to be a pro-cryptocurrency and openly advocates for it. Trump’s victory helped boosted value of Bitcoin as it touched record-breaking levels. After Trump’s win in November 2024, Bitcoin surged past $100,000, with the global crypto market adding $1.8 trillion in value over the year.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any memecoins, cryptocurrency, IPO and Mutual Funds.)
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