In a surprising move that has sent ripples through the crypto world, Melania Trump, the incoming First Lady of the United States, has launched her own memecoin called $MELANIA.
This development comes just days before her husband Donald Trump’s inauguration as the 47th President of the United States, and closely follows the launch of his own memecoin, $TRUMP.
What is Melania Meme?
The term “meme coin” refers to cryptocurrencies that often start as jokes or are based on internet memes, but can sometimes gain serious trading value.
Melania Meme is the best example of how a global event like Donald Trump becomes the president of the United States intersect with a sizeable market. Right after the TRUMP meme coin went live, the to be US First Lady of the States Melanie Trump launched her own meme coin.
Price of MELANIA Memecoin
The token’s performance has been nothing short of extraordinary. Within just two hours of its launch, $MELANIA reached a staggering market capitalization of $6.14 billion, showcasing the immense interest and trading volume surrounding the token. One of the most interesting aspects of $MELANIA’s launch has been its impact on related tokens.
The launch caused significant market movements, particularly affecting the $TRUMP token, which experienced a 48% decline. This interconnected price action demonstrates the complex dynamics at play in the meme coin ecosystem.
Overall Performance of Melania Meme
The $MELANIA memecoin experienced an explosive entry into the cryptocurrency market. Within just two hours of its launch, the coin achieved a staggering market capitalization of $6.14 billion. This rapid growth demonstrates the immense interest and speculative fervor surrounding the First Lady’s digital asset.
According to data from CoinMarketCap, $MELANIA quickly established itself as a significant player in the crypto space. At the time of writing, it stands as the 94th most valuable cryptocurrency in the world, with a market capitalization of approximately $1.19 billion.
Currently, the price of Melania sits at $11.04 with a market cap of $1.79 B and a staggering 24 hour trading volume of 226.49%. The circulating supply of Melania is 162.21 M and the total supply is 999.99M MELANIA. Please note that the max supply of MELANIA is 999.99 M.
What are the Tokenomics of the MELANIA MEME Token?
The $MELANIA memecoin is built on the Solana blockchain, a high-performance network known for its fast transaction speeds and low fees. This choice of platform allows for quick and efficient trading of the token, potentially contributing to its rapid adoption and price movements.According to the official website, the token allocation for $MELANIA is as follows:
- 35% allocated to the project team
- 20% each to treasury and community
- 15% to the public
- 10% for liquidity
Read More: Donald Trump Launches Official Trump Memecoin Much Ahead of His Inaugration
How to Buy ($MELANIA) Melania Meme Token on Bitunix?
While there are multiple dupes of Politifi meme coins, the best way to trade in $TRUMP is through a reliable exchange. You can trade Trump memecoins on Bitunix’s spot market. If you are an existing user, you can simply head to the Spot tab in the main navigation menu and choose MELANIA/USDT to trade in Trump memecoins.
If you are a new user, simply sign up for an account on Bitunix and complete your KYC. Once your account is KYC verified, you can deposit USDT or buy USDT from our third party on ramp crypto providers.
To buy $MELANIA you need to deposit USDT in your Bitunix account. Simply head to your profile and click on the wallet icon. Click on deposit and follow the steps to deposit crypto into your account.
Watch our step by step tutorial on How to Deposit Crypto on Bitunix.
If you don’t own crypto, you can buy crypto from our third party on-ramp crypto providers. Simply head to the Buy Crypto tab in the main menu and choose the crypto you wish to buy.
Wrapping Up
The launch of $MELANIA and $TRUMP memecoins by such high-profile figures has undoubtedly brought increased attention to this subset of the cryptocurrency market.
While memecoins have been around for several years, with ($DOGE) Dogecoin being the most famous example, the entry of political figures into this space marks a new chapter in their evolution.
As the crypto market continues to mature, it remains to be seen how memecoins will fit into the broader financial ecosystem. While they offer the potential for community engagement and rapid value appreciation, their lack of intrinsic value and high volatility makes them a high risk high reward investment.
