- 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 Girl Melania Trump introduced the launch of the official Melania memecoin, $MELANIA, roughly 24 hours after the launch of President-elect Donald Trump’s $TRUMP token.
The Official Melania Meme is reside!
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 the same 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 have been extra instant.
Onchain information confirmed that different memecoins and a few altcoins suffered price 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 price of the $TRUMP token nosedived when the $MELANIA token was launched, falling from $73.50 to $30.94. Nonetheless, it has regained some floor, rising to $53.51 as of publishing, because the Trump presidential inauguration attracts shut.