- Following the success of the $TRUMP token launched the day earlier than, Melania Trump introduced the launch of the Melania memecoin on Sunday night.
- The launch of the token prompted congestion within the Solana community and drained liquidity from $TRUMP and different memecoins.
Late Sunday night, Melania Trump introduced the launch of Melania's official memecoin, $MELANIA, roughly 24 hours after the launch of Donald Trump's $TRUMP token.
The official Melania meme is dwell!
You should buy $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
– MÉLANIA ATOUT (@MELANIATRUMP) January 19, 2025
The announcement was made on his X profile and adopted a sample much like that of Donald Trump: an internet site was supplied with the potential of buying with a bank card or cryptocurrency.
The market response to the draw back was sharper than Trump's as a result of the market reactions had been extra quick.
Onchain information confirmed that different memecoins and a few altcoins suffered worth declines as consideration and liquidity flowed in the direction of the $MELANIA token.
The token, launched at $0.048 on Dexscreener, reached a excessive of $13.61 early Monday (January 20) morning earlier than returning to $10.31 upon publication.
In the meantime, the worth of the $TRUMP token dropped when the $MELANIA token was launched, from $73.50 to $30.94. Nonetheless, it has regained some floor, rising to $53.51 at press time, within the run-up to Trump's presidential inauguration.
