ALBAWABA – President-elect Donald Trump and Melania Trump launched two new meme coins just before the inauguration ceremony.
The Trumps launch new crypto coins
US President-elect Donald Trump announced the launch of his own meme coin, $TRUMP two days ago. The cryptocurrency, based on the Solana network, saw a surge of approximately 4,200% in just two hours.
Melania Trump launched her own new meme coin, $MELANIA, yesterday, just hours before Donald Trump’s official inauguration ceremony.
Melania Trump watches her husband, US President-elect Donald Trump, speak at a candlelight dinner at the National Building Museum in Washington, DC, on January 19, 2025, a day before his inauguration ceremony. (AFP)
“The Official Melania Meme is live! You can buy $MELANIA now,” the upcoming first lady posted on X.
It is worth noting that meme coins are a type of cryptocurrency that originated from an internet meme or possess some other humorous characteristic.
Additionally, when Trump announced his new meme coin, the value of the coin surged to approximately $8 billion. The coin rose by more than 300% within the first three minutes following the announcement, with trading volumes nearing $1 billion, according to the Geothermal Data Repository (GDR).
“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to http://gettrumpmemes.com — Have Fun!,” Trump stated on X.
According to the official cryptocurrency website, there are now about 200 million $TRUMP available and it is expected to reach 1 billion in three years.
Both Trump and Melania’s coins are currently trending on Solana, a blockchain platform which uses a proof-of-stake mechanism to provide smart contract functionality.
