Incoming first lady Melania Trump launched her own meme coin ahead of her husband's inauguration as the 47th president of the United States on Mo

Melania Trump launches cryptocurrency ahead of Donald Trump's inauguration

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2025-01-20 11:30:07

Incoming first lady Melania Trump launched her own meme coin ahead of her husband's inauguration as the 47th president of the United States on Monday.

The Melania token was trading at $11.16 at 10:48 a.m. London time on Monday, up more than 50%, according to data from CoinMarketCap. It has a market cap of $2.15 billion.

Incoming President Donald Trump, who will be inaugurated for the second time on Monday, also launched his own meme coin — a cryptocurrency that takes inspiration from online communities and internet memes — on Friday via the Solana Blockchain network. On Monday, the "Official Trump" coin was down 20% to trade at $53.74 at 10:53 a.m. London time, according to CoinMarketCap.

Donald Trump's cryptocurrency was the largest meme coin on the Solana network by market cap at 10:35 a.m. London time, according to data from CoinGecko, with Melania Trump's token in fourth place at the time.

In a disclaimer on the meme coin's official website, potential buyers are told that Melania memes "are digital collectibles intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA. and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type."