Melania Trump’s $MELANIA memecoin sends Trump Coin crashing, sends shockwaves through crypto world
ADVERTISEMENT
Melania Trump, now the First Lady and wife of President-elect Donald Trump, has sent shockwaves through the cryptocurrency world with the launch of her own memecoin, $MELANIA, today.
This comes just days after Donald Trump unveiled his own memecoin, Trump Coin, which skyrocketed by nearly 300% on cryptocurrency exchanges. However, $MELANIA’s debut has shaken Trump Coin’s meteoric rise. Following the launch, Trump Coin’s value nosedived by 50%, while $MELANIA surged to a market cap of $1.74 billion, according to CoinMarketCap.
Melania announced the launch on her X account, saying, "The Official Melania Meme is live! You can buy $MELANIA now."
Trump Coin briefly dipped to $39 early this morning before recovering to $59.56, while $MELANIA spiked to $11.23, marking an astronomical 8,694.61% rise in value. Initially, the coin had jumped by 2,160.31% within hours of its release.
January 2026
Netflix, which has been in India for a decade, has successfully struck a balance between high-class premium content and pricing that attracts a range of customers. Find out how the U.S. streaming giant evolved in India, plus an exclusive interview with CEO Ted Sarandos. Also read about the Best Investments for 2026, and how rising growth and easing inflation will come in handy for finance minister Nirmala Sitharaman as she prepares Budget 2026.
The cryptocurrency market has been on a high since Donald Trump’s crypto-friendly moves, including his decision to appoint a pro-crypto advocate to lead the Securities and Exchange Commission (SEC). Bitcoin, the world’s largest cryptocurrency, breached the $100,000 mark for the first time on December 5 last year and remains strong, currently trading above $100,000 just hours ahead of Trump’s inauguration.
The Trumps’ bold moves in the crypto space have electrified markets, cementing their influence beyond politics.