• Following the success of the $TRUMP token launched the day before today, Melania Trump introduced the launch of the Melania Meme Coin late Sunday evening.
• The token launch triggered congestion on the Solana community, draining liquidity from $TRUMP and different meme cash.

Late Sunday evening, first woman Melania Trump introduced the launch of Melania’s official meme coin $MELANIA, roughly 24 hours after the launch of President-elect Donald Trump’s $TRUMP token.

The official Melania meme is now 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. The web site provided the choice to buy with bank card or digital forex.

The market response to the decline was sharper as a result of the market response was extra instant than President Trump’s.

On-chain information revealed that different meme cash and a few altcoins suffered worth declines as consideration and liquidity flowed to the $MELANIA token.

The token, which began at $0.048 on Dexscreener, reached a excessive of $13.61 within the early morning hours of Monday, January twentieth, however has returned to $10.31 on the time of publication.

In the meantime, the value of the $TRUMP token plummeted after the $MELANIA token was launched, dropping from $73.50 to $30.94. Nonetheless, as President Trump’s inauguration approaches, the inventory has rebounded considerably, rising to $53.51 on the time of publication.