Donald and Melania Trump Launch Cryptocurrency- Meme Coins

By Evans Momodu
2 minute digest


In an unconventional move, President-elect Donald Trump and incoming First Lady Melania Trump have introduced competing meme coins, sending shockwaves through the volatile cryptocurrency market.

On Sunday, Melania Trump unveiled her cryptocurrency, $MELANIA, in a post on X, which immediately impacted the price of $TRUMP, the meme coin launched by Donald Trump just two days earlier.

"The Official Melania Meme is live! You can buy $MELANIA now. https://melaniameme.com," Melania announced.

Meanwhile, Donald Trump had earlier promoted his cryptocurrency:
"My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to http://gettrumpmemes.com — Have Fun!"

Both meme coins are hosted on the Solana blockchain. Meme coins, inspired by cultural trends, are highly speculative and known for extreme price swings.

Key Takeaways

• Donald and Melania Trump have launched meme coins $TRUMP and $MELANIA, causing significant market activity.
• $TRUMP’s price surged and then dipped after the launch of $MELANIA, demonstrating the volatility of meme coins.
• Both coins are trading on the Solana blockchain, a popular platform for digital assets.
• This move signals a growing embrace of cryptocurrency in Trump's political and economic platform.

Source: CNN