Former President Donald Trump’s wife Melania Trump introduced her own cryptocurrency, the MELANIA meme coin on January 19, 2025, to her 3.2 million followers on X (formerly known as Twitter). The cryptocurrency world witnessed a remarkable phenomenon as the digital asset quickly captured the attention of crypto investors and enthusiasts alike, skyrocketing to an impressive $2 million market capitalization within mere hours of its introduction on the Solana blockchain. The timing of this launch was particularly notable, coinciding with Donald Trump’s inauguration as the 47th President of the United States, which added an extra layer of intrigue to the coin’s debut. As $MELANIA surged in value, it also influenced the performance of its counterpart, $TRUMP, leading to a significant drop in its market price.
This article delves into the factors behind $MELANIA’s explosive growth, its implications for the cryptocurrency market, and the broader trends surrounding meme coins in today’s digital economy.
MELANIA Shakes the Crypto Market and Hits the Value of Trump Token
After the introduction of the MELANIA token, within the first hour, some 20,000 investors were drawn in by this quick surge. On its official website, the MELANIA token emphasized that it is ‘not intended’ as an investment and describes it as a way to ‘engage’ and ‘support’ Melania Trump.
The TRUMP meme coin, which President Donald Trump had introduced a few days before, was immediately impacted by the MELANIA coin. The TRUMP coin, which had surged 19,000% in its first day of trading and reached a fully diluted market capitalization of $36 billion, saw a sharp drop.
According to CoinMarketCap data, the Trump coin’s market valuation fell by $5 billion after Melania Trump’s announcement, from $15 billion to $10 billion.
Melania and Trump Tokens Spark Controversy and Speculation
A peculiar and extremely erratic subset of the cryptocurrency market is represented by meme coins. They are frequently started as jokes with no intrinsic worth, but if enough people buy them their prices can soar. The most well-known example is Dogecoin, a cryptocurrency with a cute dog mascot who makes amusing noises like ‘much wow’. But the meme coin world also draws con artists looking to take advantage of gullible investors in order to make quick money.
Ethics watchdogs, meanwhile, have expressed worries about any conflicts of interest that could result from these endeavors. President Trump’s economic activities could provide moral dilemmas while in office, according to Citizens for Responsibility and Ethics in Washington. Further investigation was prompted after the blockchain analytics company Bubblemaps disclosed that 90% of the MELANIA token supply is kept in a single wallet.
Thirty -five percent of the MELANIA token is allocated for team vesting, with the remaining portion going to the treasury, community, public distribution, and liquidity. On the other hand, only 20% of the TRUMP token’s supply is open to liquidity and public investors, with the remaining 80% reserved for organizations associated with the Trump Organization.
Price Details of MELANIA
On January 19, 2025, a new meme coin, MELANIA was introduced to the world by the former President’s wife Melania Trump. Within a few hours, the newly introduced MELANIA coin reached a high of $13. However, at the time of writing, the price has declined by nearly 30%. Currently, MELANIA is trading at a price of $10.01 with a market cap of 1.88 billion.
Overview
Market Capitalization | $1.85 Billion |
24-Hour Trading Volume | $5.05 Billion |
Fully-Diluted Value | $9.64 Billion |
24-Hour Liquidity | 272.91% |
Total Supply | 999.99 Million MELANIA |
Circulating Supply | 192.21 Million MELANIA |
How to Buy $MELANIA?
Follow the below steps to buy MELANIA coins:
- The first step is to download and set up a wallet. When setting up your wallet, you must ensure that your seed phrase is safe and note down your wallet address for future steps.
- You have to purchase base cryptocurrency from any exchanges. You can consider buying Ethereum, Binance Coin, or Solana.
- After purchasing base cryptocurrency, the next step is to choose a decentralized exchange (DEX) and ensure that your chosen wallet is supported. Then, connect your wallet to the decentralized exchange using the wallet address.
- Once your wallet is connected successfully, you can select your ETH as the payment method to purchase the coin you want. In this case, we are going to purchase MELANIA coin.
- If MELANIA does not show up automatically, search for the Melania meme coin and utilize its official contract address from trusted sources to make sure that purchase the appropriate token.
- Once you found the MELANIA token, click on the ‘Swap’ button and decide where to buy your MELANIA coin.
- Adjust the account for price volatility and enter the amount of base cryptocurrency to begin the swapping process.
- Review the details and confirm the swapping.
- You will receive your MELANIA tokens in your wallet securely within a few minutes.
Conclusion
The launch of Melania Trump’s meme coin, $MELANIA, has undeniably shaken the cryptocurrency landscape, achieving a remarkable market capitalization of $2 billion within hours. This surge reflects the growing trend of meme coins, which often thrive on hype and social media buzz rather than intrinsic value. The immediate impact on Donald Trump’s own token, $TRUMP, which saw a significant drop in value, illustrates the volatile nature of this market. As the cryptocurrency sector evolves under Trump’s presidency, with plans to prioritize crypto policies, the future of $MELANIA remains uncertain. Its success hinges on whether it can provide meaningful use cases beyond its meme appeal. If it fails to establish a sustainable foundation, interest may diminish as quickly as it surges.