The wife of President Donald Trump and the United States’s first lady, Melania Trump, has launched a new memecoin called Melania Meme ($MELANIA) on the Solana blockchain. This follows the release of Official Trump ($TRUMP) by her husband last Friday.
U.S First Lady Launches Melania Meme Coin ($MELANIA)
On Sunday, January 19, Melania Trump announced the launch of the Melania Meme coin to her 3.5 million followers on X. She said, “The Official Melania Meme is live! You can buy $MELANIA now.”
Her post included a link to the official website where users can buy the Melania coin using either a debit card or Solana crypto.
Melania Trump, like Donald Trump on his memecoin’s website, stated that Melania memes are digital collectibles meant to support and promote the values represented by the symbol MELANIA.
According to the website, “Melaniameme.com is not political and has nothing to do with any political campaign, political office, or governmental agency.”
MELANIA Price Outshines TRUMP Memecoin
The Melania coin price has risen quickly since its launch just 10 hours ago. It went from below 10 cents to a high of $13.19 in just 4 hours, reaching a market cap of over $1.9 billion. According to CoinGecko data, it also generated over $5 billion in trading volume in this short time.
The Melania meme coin is currently trading at $12.00, reflecting a 22,360% increase since its launch. This means its value has grown by roughly 223.6 times its original value.
While the new Melania Trump meme coin has performed well, Official Trump ($TRUMP) has dropped over 18% from its all-time high of $75.35, which was recorded on January 19, 2025.
The Trump meme coin is currently changing hands for $60.19 and has a market cap of $12.2 billion. It is still well above its launch price of a few cents, meaning that most early buyers are enjoying significant profits if they still hold their $TRUMP tokens. Similarly, the OFFICIAL TRUMP memecoin has quickly become the 17th largest coin by market cap just 4 days after its launch, which is unusual in the crypto world.
On the other hand, the Melania Coin has a market cap of $1.98 billion and is now the 62nd largest coin on CoinMarketCap, only 12 hours after its launch.
Trump Memecoin Fuels Criticism Before Inauguration
Donald Trump and Melania’s recent entry into the memecoins world has upset many cryptocurrency leaders and the broader crypto community. They had hoped for a more serious approach to digital assets from the new Republican administration in the US.
Anthony Scaramucci, the founder of SkyBridge Capital LLC, noted that the launch of the Melania coin caused the Trump coin’s value to drop. He criticized Donald Trump for focusing more on launching a memecoin day before his inauguration.
“Tells you everything you need to know,” he said.
Meanwhile, Gabor Gurbacs, the director of the digital-asset strategy at VanEck until last year and the founder of PointsVille, stated that these memecoins hurt the credibility of the US presidency and the Trump family.
In a post on X, Gurbacs warned that the adverse effects of these launches “haven’t even started” and urged Trump to get rid of all his crypto advisers.
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