The spouse of the elected President of the United States, Donald Trump, Melania, has launched her own joke cryptocurrency. She announced this on social media X, as reported by Tengrinews.kz.
The meme coin MELANIA, created by Trump's wife, skyrocketed by 10,000 percent just one hour after its launch. The coin's market capitalization has already reached 5 billion dollars.
"You can buy $MELANIA right now," wrote Melania Trump.
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
The launch of Melania's cryptocurrency has caused a decline in the value of the meme coin $TRUMP, which had made waves over the weekend. It dropped by 36 percent in the middle of the day after Donald Trump tweeted about the launch of a new meme coin for his wife, according to Investing.com.
In the wake of the $MELANIA launch, the price of Bitcoin also fell to 99 thousand dollars, according to data from the Binance platform.
Despite the midday losses, $TRUMP is still showing a growth of 7,000 percent since its launch on Friday. This surge has generated significant profits for the elected president, amounting to billions.
The market capitalization of $TRUMP is approximately 33 billion dollars.
Earlier, we reported that the cryptocurrency $TRUMP (Official Trump), launched by elected President Donald Trump, had risen to 70 dollars.
A memecoin is a cryptocurrency that lacks fundamental value, created for fun, as well as for profit from its price increase.