- $MELANIA surged 24,000% in four hours, hitting a $6.14 billion market cap.
- TRUMP crashed 40% as traders moved funds to Melania’s coin.
Melania Trump launched her memecoin, $MELANIA, on January 19, triggering a 24,000% surge in four hours. The token reached an all-time high of $13 before stabilizing. $MELANIA quickly gained listings on major exchanges, including MEXC, BingX, Gate, and Bitget. Bybit introduced the MELANIAUSDT Perpetual Contract with 50x leverage.
Binance Futures will launch the MELANIAUSDT Perpetual Contract at 25x leverage on January 20 at 09:30 UTC. Melania’s announcement on X highlighted her coin’s rapid adoption. Over 45,000 wallets now hold $MELANIA, with its market cap reaching $6.14 billion shortly after launch.
The Official Melania Meme is live!
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
You can buy $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
One address spent 2,500 SOL ($0.68 million) in the second minute to acquire 5.203 million $MELANIA at $0.13 each. The wallet later sold tokens at an average price of $11.25, earning $30.4 million. Despite selling, it retains 2.5 million tokens worth $29.85 million.
$MELANIA Coin Disrupts $TRUMP, Causing Major Decline
Donald Trump’s memecoin, $TRUMP, faced a sharp decline after $MELANIA launched. $TRUMP had peaked at a $15 billion market cap before falling 38%, with a $7.5 billion drop in just 10 minutes. Many traders moved funds to Melania’s token, causing $TRUMP’s value to plummet. Its market cap now stands at $11.46 billion, with a 24-hour trading volume of $50.42 billion.
Melania’s memecoin is now trading at $10.84 with a 24-hour volume of $4.14 billion. Its fully diluted valuation (FDV) stands at $11 billion, with a circulating supply of 162.21 million tokens. Analysts note strong interest from centralized exchanges, fueling $MELANIA’s momentum.
$TRUMP, on the other hand, is trading at $57.33, with a 10.52% daily drop. Its circulating supply remains at 200 million tokens, while its FDV is $57.32 billion. Despite the crash, $TRUMP remains in the top 20 cryptocurrencies.
Both tokens reflect the growing intersection of politics and cryptocurrency, capturing attention across global markets. With Melania’s coin gaining traction, competition between the tokens will likely intensify.
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