C4C | 1-25-25 PM: The $MELANIA Coin

January 25, 2025

Melania Trump launched her own cryptocurrency, $MELANIA, on the eve of her husband, Donald Trump’s, inauguration. This new meme coin caused a temporary 40% drop in the value of Trump’s own cryptocurrency, $TRUMP, which he had introduced recently. $MELANIA started trading at around $12.03 with a market cap of $1.9 billion. 

Despite the initial drop, $TRUMP’s value rebounded, reaching $58.56 with a market cap of $11.7 billion and a 24-hour trading volume of $52.5 billion, making it the 18th largest cryptocurrency. The Trumps have been actively releasing various merchandise, including digital trading cards, sneakers, fragrances, and Bibles. 

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Tip Of The Day

When investing in meme coins or newly launched cryptocurrencies, exercise caution. These assets can be highly volatile and may lack intrinsic value, making them susceptible to rapid price fluctuations. Always conduct thorough research and consider the long-term viability of the project before investing.