Melania Trump launches official memecoin

• Following the success of the $TRUMP token launched a day prior, Melania Trump introduced the launch of the Melania memecoin late Sunday night
• The token’s launch brought on congestion within the Solana community and drained liquidity from the $TRUMP and different memecoins

Late Sunday night, incoming First Woman Melania Trump introduced the launch of the official Melania memecoin, $MELANIA, roughly 24 hours after President-elect Donald Trump launched his $TRUMP token.

The Official Melania Meme is dwell!

You should purchase $MELANIA now.  https://t.co/8FXvlMBhVf

FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6

— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025

The announcement was made on her X profile and adopted an analogous sample to Donald Trump’s: a web site was supplied with the choice to purchase with a bank card or cryptocurrency.

The market’s response to the drop was sharper than Trump’s as market reactions had been extra speedy.

Onchain knowledge confirmed that different memecoins and a few altcoins suffered worth declines as consideration and liquidity flowed to the $MELANIA token.

The token, which launched at $0.048 on Dexscreener, reached a excessive of $13.61 within the early morning of Monday January 20 earlier than pulling again to $10.31 as of publication.

In the meantime, the value of the $TRUMP token nosedived when the $MELANIA token was launched, falling from $73.50 to $30.94. Nevertheless, it has regained some floor, rising to $53.51 as of publishing, because the Trump presidential inauguration attracts shut.