$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

Richard Heart Detained in Istanbul Linked to Finnish Tax Investigation

Richard Heart, founder of HEX and PulseChain, has been detained by Turkish authorities in connection with a Finnish tax investigation.

user avatarJacob Williams

TD Cowen Increases Strive's Share Price Target Amid Bitcoin Holdings Surge

TD Cowen analysts raised Strive's share price target from 44 to 56 due to significant expansion of Bitcoin holdings to 35,595 BTC, noted in a research update on October 16.

user avatarZainab Kamara

Tether Invests in AI Infrastructure Startup AIsa

Tether has invested in AI infrastructure startup AIsa, contributing to its total funding of over $9 million to support autonomous AI applications.

user avatarSon Min-ho

Taiwan Restricts Access to Coinbase and Kalshi Ahead of Elections

Taiwanese authorities have restricted access to Coinbase and Kalshi websites due to concerns over election betting.

user avatarTando Nkube

Strategy Proposes Daily Dividends for STRC Preferred Stock

Strategy has conditionally declared daily dividends for its STRC preferred stock for November 2026, pending shareholder approval.

user avatarKofi Adjeman

Ripple Prime Expands Institutional Trading with New Derivatives Access

Ripple Prime introduces access to perpetual derivatives referencing traditional assets for eligible institutional clients.

user avatarNguyen Van Long

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.