Melania's Meme Coin Jumps 2000%, Dethrones Trump's Token in Minutes | Firstpost America | N18G The cryptocurrency world is ablaze as Donald Trump and Melania Trump launch rival meme coins, $TRUMP and $MELANIA.

The soon-to-be First Lady introduced $MELANIA on Sunday, after which her husband's meme coin saw a significant price drop.

TRUMP and $MELANIA are currently ranking at 21 and 84 with a market cap of $8 billion and $1 billion, respectively, as of writing on CoinMarketCap. The shift from an anti-crypto to a pro-crypto U.S. government has transformed the crypto market in ways unpredicted.

Melania Trump launched her own cryptocurrency, $MELANIA, following the success of her husband’s $TRUMP meme coin. Analysts see profit potential in $TRUMP, but ethics experts criticize it as exploiting the presidency. Meme coins like $TRUMP and $MELANIA are highly speculative, with limited utility and significant risks for traders.

After $TRUMP coin exploded at the weekend, investors are flocking to coins such as MELANIA, Wall Street Pepe and Solana token Solaxy.

Incoming First Lady Melania Trump on Sunday announced the launch of a meme coin that trades on the Solana blockchain platform, causing a sharp dip in the price of a similar meme coin launched two ...

Dubbed Melania, the Solana-based token has surged more than 12,000% in the last 24 hours as Donald Trump's token fell.

After breaking the record for the fastest meme coin to hit a $15 billion market cap, the Official Trump ($TRUMP) coin has come under scrutiny. Many question the ethical position of an elected president making such a move just days before his inauguration.

Meme coins, which often start as jokes with no real value, are volatile cryptocurrencies that can skyrocket in price if enough people are willing to buy them.

By associating himself so closely with meme coins, some crypto fans worry that Trump hurts his chances to help the wider crypto industry.

President Donald Trump’s recent venture into the cryptocurrency market has stirred controversy, as he and his wife launched their own meme coins. What