Melania Meme Coin Soars Past $8 Amid Family Crypto Craze
Just two days after President-elect Donald Trumps meme coin, TRUMP, generated a buzz worth tens of billions, Melania Trump made her debut in the crypto world with her very own token: MELANIA. The coin launched Sunday night, signaling that the Trump familys involvement in cryptocurrency is far from a passing trend.
The launch of MELANIA raises eyebrows, not just for its timing but for the unprecedented intertwining of public figures and personal financial ventures. Critics are questioning the ethics of the situation as the first-lady-in-waitings token rapidly gains traction.
MELANIA Token Stats by the numbers
- Supply: The token has a total supply of 1 billion.
- Team Allocation: 35% of the supply is reserved for the team, set to unlock fully in just 13 months.
- Wallet Holders: Over 22,000 wallets were holding MELANIA shortly after its launch, according to Solscan.
- Price Surge: The token skyrocketed past $8 on Dexscreener, reaching a fully diluted market cap of over $8 billion.
- Solana token address: FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P
This rapid price increase means the teams allocation could be worth more than $1.5 billionan extraordinary valuation just days after launch.
Market Reaction: TRUMP Coin Takes a Hit
While MELANIA token soared, TRUMP, the president-elects meme coin, experienced a sharp decline. After the announcement of a second family coin, TRUMPs price plummeted by 36%, falling from $72 to $44 at press time, according to CoinGecko.
This suggests investors may be questioning the familys strategy of multiple token launches, potentially diluting interest in the individual projects.
How to Buy MELANIA Token?
- Go to jup.ag
- Connect your Solana wallet (make sure to have some SOL)
- Go to the MELANIA token swap page
- Swap
Whats Next for MELANIA and TRUMP Tokens?
The launch of MELANIA signals that the Trump family is doubling down on crypto. However, this raises critical concerns about the overlap of public service and private profit. The tokens rapid market activity may attract regulatory scrutiny, especially given their association with high-profile political figures.
For investors, MELANIAs sharp rise might signal potential profits, but the volatility of meme coins and their speculative nature mean risks remain high. The next few weeks will be crucial as the market determines whether these tokens are sustainable or just another short-term hype. Will we see other Trump family coins rise soon?
Read more: https://cryptoticker.io/en/melania-meme-coin-launch/
Text source: CryptoTicker
