Suggestions




$MELANIA Slows Down $TRUMP Meme Coin Ahead Inauguration

January 20, 2025
by
Donald Trump and wife Melania
Donald Trump and wife Melania

Donald Trump’s soaring  cryptocurrency meme coin suffered a drop on Sunday after his wife Melania Trump launched her own coin.

The former first lady announced her crypto token Sunday afternoon at 4:10pm ET on Truth Social and X, after which $TRUMP tanked roughly 41 per cent, according to price tracker CoinMarketCap.

Join our WhatsApp Channel

Despite that, Trump reposted both of Melania’s announcements on his social media pages.

$MELANIA is hosted on the Solana blockchain, just like $TRUMP, and can be bought for about $0.09. Her token is much smaller than her husband’s, having a market cap of nearly $4.5 million to Trump’s $8.5 billion.

Shortly after the soon-to-be president announced his meme coin on Friday via Truth Social, his supporters pushed it up to a market cap of $13.3 billion.

READ ALSO:Everything You Need To Know About $TRUMP Meme Coin

The reaction most people had to Melania’s meme launch was one of complete shock.

‘This is beyond insane,’ analysts at The Kobeissi Letter posted to X. ‘Less than 48 hours ago, Donald Trump launched $trump which just erased $7.5 billion in market cap in 10 minutes. In the minutes around the launch of Melania Trump’s token, we saw massive sell orders in $trump.’

‘Looks like crypto is becoming a family business,’ prolific X influencer Mario Nawfal posted.

Meme coins are generally considered to be incredibly risky investments, since they are prone to insider-trading and extreme volatility.

According to Melania’s meme website, 35 per cent of the tokens have been distributed to team vesting, 20 percent have gone to both the team’s treasury and community, and 10 percent has gone to liquidity.

Melania official meme
Melania official meme

Just 15 per cent of the tokens are available to purchase for the general public, according to the website.

Trump’s meme coin announcement featured an artist rendering of the coin showing Trump pumping his right fist in the air with the slogan, ‘Fight, Fight, Fight.’

Both Melania and Trump’s coins are fungible tokens, meaning that each token is identical and interchangeable with one another. Government-issued currencies like US dollars are considered fungible as well.

Trump has also sold non-fungible tokens in the past, better known as NFTs. They were billed as digital trading cards that featured him in various heroic settings.

The joint announcements came as Trump is set to be inaugurated as the next president on Monday after defeating Vice President Kamala Harris in the November election.

Trump has already announced he’ll be signing a flurry of executive orders on day one of his second presidency, the most anticipated being his decree to save TikTok after it was briefly banned in the US on Saturday.

julius
+ posts

Julius Okorie is Chief Sports and Entertainment Correspondent for Prime Business Africa. He began his journalism career with the Champion Newspaper and Sporting Champion and later moved on to Daily Independent and the Nation Newspapers. Okorie joined Prime Business Africa in 2024 bringing on board 20 years of experience in writing investigative news on Sports and Entertainment. His well researched and highly informative articles on Sports Business and general entertainment are followed by a wide range of audience.

Julius Okorie

Julius Okorie is Chief Sports and Entertainment Correspondent for Prime Business Africa. He began his journalism career with the Champion Newspaper and Sporting Champion and later moved on to Daily Independent and the Nation Newspapers. Okorie joined Prime Business Africa in 2024 bringing on board 20 years of experience in writing investigative news on Sports and Entertainment. His well researched and highly informative articles on Sports Business and general entertainment are followed by a wide range of audience.

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025
Previous Story

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th January 2025

Maiden Ibru Set To Receive Lifetime Achievement Award
Next Story

Maiden Ibru Set To Receive Lifetime Achievement Award

Featured Stories

Latest from World News

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce its workforce by up to 20 percent, following widening annual losses linked to US tariffs and weak demand in China. The cuts will affect around 600 employees, out of the company’s 3,000-strong

US Denies Selling AI Chips to China Amid Security Concerns

A high-end Nvidia chip that can train and run artificial intelligence systems has not yet been sold to Chinese firms, a US Commerce Department official said. The H200 chip had previously been blocked from sale in China over national security concerns. In
EU Approves New Round Of Sanctions Against Russia As Ukraine’s Invasion Anniversary Nears

Ukraine Drone Strike on Russian Fertiliser Plant Kills Seven

A Ukrainian drone attack on a fertiliser plant in Russia’s western Smolensk region has killed seven people and injured 10 others, Russian officials said. The plant, located just outside the town of Dorogobuzh, lies around 290km (180 miles) from the Ukrainian border.

Sweden to Deport Migrants for Crimes Above a Fine

The government of Sweden has announced plans to significantly increase the deportation of foreign nationals convicted of crimes, proposing that any offence punishable beyond a fine could lead to removal from the country. Migration Minister Johan Forssell said the current system had
Bill Gates Excited To See Burna Boy, Rema Perform During Visit To Nigeria

Gates Admits Affairs, Calls Epstein Ties a “Huge Mistake”

Bill Gates has said his association with the late financier Jeffrey Epstein was a “huge mistake”, as he addressed staff at his philanthropic foundation following renewed scrutiny over their relationship. Speaking at a staff meeting on Tuesday, Gates said he regretted meeting
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025
Previous Story

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th January 2025

Maiden Ibru Set To Receive Lifetime Achievement Award
Next Story

Maiden Ibru Set To Receive Lifetime Achievement Award

Don't Miss

Ex-Ekiti Governor, Fayemi, Debunks Defection Rumour

2023: Afenifere Leader Tips NGF Chairman Fayemi For President

A Local Government Chairman in Ekiti State and Publicity Secretary

Lagos Halts All Land Reclamation as Flood Risk, Federal Clampdown Heighten Tension

The Lagos State Government has ordered an immediate suspension of