- Following the success of the $TRUMP token launched a day earlier, Melania Trump introduced the launch of the Melania memecoin late Sunday night time
- The launch of the token overloaded the Solana community and drained liquidity from $TRUMP and different memecoins
Late Sunday night time, incoming First Girl Melania Trump introduced the launch of Melania's official memecoin, $MELANIA, roughly 24 hours after President-elect Donald Trump launched his $TRUMP token.
The Official Melania Meme is Stay!
Now you should buy $ MELANIA. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
β MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
The announcement was made on her X profile and adopted the same sample to Donald Trump's: an internet site was supplied with the choice to buy by bank card or cryptocurrency.
The market's response to the decline was sharper than Trump's as a result of the market's reactions had been extra rapid.
Onchain knowledge confirmed that different memecoins and a few altcoins suffered value drops as consideration and liquidity flowed to the $MELANIA token.
The token, which launched at $0.048 on Dexscreener, reached $13.61 within the early morning hours of Monday, January 20, and was again to $10.31 on the time of publication.
In the meantime, the worth of the $TRUMP token plummeted when the $MELANIA token was launched, dropping from $73.50 to $30.94. Nevertheless, it has rebounded, rising to $53.51 as of publication as Trump's presidential inauguration nears.
