United States Lady Melania Trump has finally announced her MELANIA cryptocurrency token. Within minutes, the token soared to $13, and its market cap grew to over $2 billion. The announcement came less than 48 hours after his wife, Mrs. Trump, unveiled her TRUMP meme coin.
After the launch of the Trump Should Create a U.S. meme coin, the daily trading volume rose by 300% to more than $43 billion. This is the liquidity that the meme coin brought on Saturday. It was the only coin traded over the weekend, more than all altcoins like XRP, SOL, etc. This trend continued for the entire week.
Trump Dump, Melania Meme Coin Pump?
Melania Trump publicly coined the meme “MELANIA” in a social media post. Future President-elect Donald Trump included this in his report at the Victory Rally. It should be noted that market dynamics altered steeply once the announcement was made. They were made, resulting in weaker demand for TRUMP and intense sell pressure.
Shortly after its launch, the MELANIA meme coin reached $13 within hours. However, the cryptocurrency’s value at the time of writing is $8.49, and it has also fallen from its peak by nearly 40%.
Due to the rapid transfer of capital between Malta and TRUMP. We can witness a lot of price fluctuation on both coins. The significant increase in Malta and the decrease in TRUMP reflect. The market’s uncertainty makes them so popular with the elite and retail investors.
Melanie Loon, TRUMP Tokenomics
Reviewing tokenomics, we see that the MELANIA token has a relatively uncommon economic model for TRUMP. Wherein 35% is allocated for the team, 20% is for the Treasury, 20% is for the community, 15% is for public offerings, and 10% is for liquidity. Remarkably, the MELANIA team’s share is only locked up for a team for a minimal amount of time, unlike TRUMP’s team, which has to wait as long as TRUMP’s six years.
Melissa Coin Launch Raises Questions
The Melania Meme website, featuring a Melania meme coin, unexpectedly emerged on Saturday, January 18, at 09:36 ET. Acting quickly, the virtual currency underwent the financial process the next day (January 19) at 16:13 ET.
The hours passed quickly, leaving many wondering about it. The meme coin’s genesis in less than a day. Many bitcoin experts believed the President-elect and US First Lady made it. Such a move to threaten another cryptocurrency project with practical uses.
TRUMP Price Drop: Airdrop Coming?
Last weekend, sub-Official TRUMP (TRUMP) Crypto for Trump experienced significant problems, up and down, after peaking at $74 on Sunday. Now, TRUMP is in a position even 30% below breakeven, trading at $53.5 and having a market cap of $10.75 billion. TRUMP has also recently taken over the list of top meme coins and is the third largest (the leading ones are Dogecoin and Shiba Inu).
Besides, long-time stock investor and prior Chief Technical Officer of Coinbase Balaji Srinivasan has proposed to Donald Trump a revolutionary idea: airdropping TRUMP tokens to every American. With a skyrocketing rise in popularity, it is pretty uncertain whether this TRUMP price rally is making history and continuing.
Srinivasan talks about creating a direct bond with his 77 million voters, who agree there are other ways to offer tokens to supporters. In an official post on the X platform, Srinivasan claimed that Trump’s team is making foolish Trump deliveries and introducing meme coins that disturb other crypto markets. As a result, the industry’s stock prices experienced a significant decline. The most significant losses were observed in AI agents: tokens dropped 12.08%, DeFAI tokens fell 14.90%, meme tokens plunged 7.53, Layer-2 tokens dropped 10.59, and so on.
Final Thoughts
Meme coins are changing rapidly, and the birth of Melania Trump’s token, MELANIA, is an intriguing new step in this space. The fascinating and unpredictable character of this market is highlighted by its direct effect on market dynamics, especially with regard to the TRUMP coin.
The quick ascent of MELANIA demonstrates investor excitement. The volatility emphasizes the need for strategy and caution as the crypto community works to understand this new addition. They will undoubtedly continue to focus on the larger ramifications for meme currencies and market stability. The impact of powerful individuals on the digital economy.
