Melania Trump, the new First Lady of the United States, introduced her own memecoin $MELANIA on January 20, whose market capitalization has grown to $5 billion. This new coin caused her husband’s $TRUMP to fall.
Melania Trump, the new First Lady of the United States, introduced her own memecoin $MELANIA on January 20, whose market capitalization has grown to $5 billion. This new coin caused her husband’s $TRUMP to fall.
This new coin quickly gained attention: according to Forbes, its price rose to over $5 and its market cap exceeded $5 billion. Melania herself made an announcement on X, encouraging traders to buy her coin.
The Official Melania Meme is live!
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
You can buy $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
Trump’s coin skyrocketed after its debut, reaching a staggering market cap of $14 billion, making it one of the 20 largest cryptocurrencies by market cap. However, the hype was short-lived.
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Kobeissi Letter analysts said: «This is beyond crazy. Less than 48 hours ago, Donald Trump launched $TRUMP, which wiped out $7.5 billion in market cap in 10 minutes. Within minutes of Melania Trump’s token launch, we saw massive orders to sell $TRUMP.»
