The MELANIA coin, introduced by Melania Trump, has shown significant growth in the cryptocurrency market, rising to $13 and reaching a capitalization of $2 billion within hours.
Launch of the MELANIA Coin
Melania Trump, the First Lady of the United States, launched her MELANIA meme coin, which surged to $13 within hours of its release. The coin achieved a market capitalization of $2 billion shortly after its launch. This event occurred less than 48 hours after President Donald Trump introduced his own TRUMP meme coin.
Market Reaction to MELANIA and TRUMP Coins
The release of MELANIA led to a sharp increase in trading activity for meme coins, with TRUMP's daily trading volume rising by 300% to $43 billion, surpassing the trading volumes of established altcoins including XRP and SOL. MELANIA was quickly listed on major cryptocurrency exchanges such as MEXC, BingX, Gate, and Bitget. However, the surge in MELANIA coincided with sell pressure on TRUMP, highlighting rapid capital rotation between the two assets.
Volatility in MELANIA's Price
Within hours of its launch, MELANIA reached a peak price of $13 but subsequently declined by 40%, trading at $8.49 at the time of reporting. The sudden rise and fall of MELANIA, coupled with ongoing fluctuations in TRUMP’s value, demonstrate the inherent volatility in meme coins. These movements have attracted attention from both high-profile investors and retail traders. The MELANIA token operates under a distinct economic model, allocating 35% to the team, 20% each to the treasury and community, 15% for public offering, and 10% for liquidity. The team’s share has a 30-day lock-up period, contrasting with TRUMP’s three-year lock-up.
The MELANIA coin has made a significant impact on the crypto market, demonstrating both rapid growth and high volatility, attracting the attention of various market participants.
