A cryptocurrency inspired by former first lady Melania Trump, called $MELANIA, has launched on the Solana blockchain, experiencing a surge in value shortly after its debut. Meanwhile, Donald Trump's own cryptocurrency, 'Official Trump,' saw a significant drop following the launch of the Melania token.
The coin was announced on the eve of Donald Trump 's inauguration as president of the United States.Leon Neal | Getty ImagesIn a Sunday evening post on the X social media platform, she announced that investors "can buy $MELANIA now."
The Melania token was trading at $11.16 at 10:48 a.m. London time on Monday, up more than 50%, according to— a cryptocurrency that takes inspiration from online communities and internet memes — on Friday via the Solana Blockchain network. On Monday, the "Official Trump" coin was down 20% to trade at $53.74 at 10:53 a.m. London time,
Donald Trump's cryptocurrency was the largest meme coin on the Solana network by market cap at 10:35 a.m. London time, according to, potential buyers are told that Melania memes "are digital collectibles intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA. and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.
Cryptocurrencies can be volatile. Bitcoin, the world's most valuable digital coin, has been known to rise or fall by thousands of dollars in a single day. Alternative coins, or "altcoins," like ether and XRP have proven even more more prone to fluctuations.
Finance Technology Cryptocurrency MELANIA Token Cryptocurrency DONALD TRUMP Solana Blockchain Meme Coin
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