$MELANIA Memecoin: 24,000% Surge and Its Impact

user avatar

by Giorgi Kostiuk

2 years ago

The memecoin $MELANIA, launched on January 19, has quickly drawn significant market interest, surging 24,000% in price and reaching a $6.14 billion market cap.

$MELANIA Launch and Its Impressive Rise

Melania Trump launched her memecoin, $MELANIA, on January 19, which surged by 24,000% within four hours. The token reached an all-time high of $13 before stabilizing. $MELANIA quickly gained listings on major exchanges like MEXC, BingX, Gate, and Bitget. Bybit introduced the MELANIAUSDT Perpetual Contract with 50x leverage.

$MELANIA Disrupts Stability of $TRUMP

Following the launch of $MELANIA, Donald Trump's memecoin, $TRUMP, saw a significant decline. $TRUMP had peaked with a $15 billion market cap before falling by 38%, dropping $7.5 billion in just 10 minutes. Many traders shifted their funds to Melania's token, causing the value of $TRUMP to plummet.

Current Status and Future Outlook

Currently, $MELANIA is trading at $10.84 with a daily trading volume of $4.14 billion. Its fully diluted valuation stands at $11 billion with a circulating supply of 162.21 million tokens. Analysts observe strong interest from centralized exchanges, fueling $MELANIA’s momentum. Meanwhile, $TRUMP remains among the top 20 cryptocurrencies despite the setback.

The memecoins $MELANIA and $TRUMP continue to draw attention, showcasing the intersection of politics and cryptocurrency on global markets. As the competition between the tokens heats up, further battles for supremacy are anticipated.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Moscow Exchange to Launch Cryptocurrency Trading on December 1

Moscow Exchange is set to begin offering cryptocurrency trading on December 1, 2023, following a new regulatory framework in Russia.

user avatarFilippo Romano

OSL Group Launches Tokenized USDGO Plus SP Fund

OSL Group has successfully tokenized the USDGO Plus SP fund, providing custody and distribution through its licensed platform in Hong Kong.

user avatarEmily Carter

PowerCompute Increases Bitcoin Production While Reducing Debt

PowerCompute mined 81 BTC in September 2023, a 37 BTC increase from last year, while reducing its secured debt from $237 million to $125 million.

user avatarKaterina Papadopoulou

NextBlock Fully Funds Soda Labs' Seed Round with $3 Million Investment

NextBlock has invested $3 million in Soda Labs, fully funding the company's seed round to develop privacy infrastructure for financial applications.

user avatarTomas Novak

Binance Launches P2P Merchant Referral Campaign in Africa

Binance has launched a P2P merchant referral campaign in Africa, offering rewards for referrers and new merchants from October 8 to November 7.

user avatarLeo van der Veen

Strategy to Announce Third-Quarter 2026 Results and Host Investor Webinar

Strategy will announce its third-quarter 2026 financial results and host a live webinar for investors on October 29, providing insights into its corporate Bitcoin treasury.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.