Melania Trump launched an official memecoin
Following the success of the $TRUMP token launched the day before, Melania Trump announced the launch of the Melania memecoin on Sunday night, causing congestion in the Solana network and the outflow of liquidity from $TRUMP and other memecoins.
On Sunday evening, incoming First Lady Melania Trump announced the launch of the official Melania memecoin, $MELANIA, 24 hours after President-elect Donald Trump launched his $TRUMP token.
The official Melania meme is live!
You can now buy $ MELANIA.
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
— Melania Trump (@MELANIATRUMP) January 19, 2025
The ad was made on her X profile and followed a similar pattern to Donald Trump's: a website offered the option to pay with a credit card or credit card.
The market's response to the recession was better than Trump's because market reactions were swift.
Onchain data shows that as attention and liquidity flowed into the $MELANIA token, other memecoins and some altcoins experienced price declines.
The token, which started at $0.048 on Dexscreener, reached a high of $13.61 on the morning of Monday, January 20, before returning to $10.31 as of press time.
Meanwhile, the price of the $TRUMP token dropped from $73.50 to $30.94 when the $MELANIA token was launched. However, as Trump's presidential inauguration approaches, it has risen to $53.51 as of publication.
