$MELANIA Skyrockets 24,000% in 4 Hours, Shaking Up the Crypto Scene
Melania Trump’s memecoin, $MELANIA, surged 24,000% within hours of its January 19 launch, hitting a $6.14 billion market cap and an all-time high of $13 before stabilizing. Now trading at $10.84 with a $4.14 billion daily volume, $MELANIA quickly gained traction on major exchanges like MEXC, BingX, Gate, Bitget, and Bybit, which offers a 50x leveraged perpetual contract. Binance Futures plans to launch a 25x leveraged contract on January 20. The token’s rapid adoption saw over 45,000 wallets holding $MELANIA shortly after its debut.
One notable investor spent 2,500 SOL ($0.68 million) to buy 5.203 million $MELANIA at $0.13 each, later selling at $11.25 for $30.4 million while retaining 2.5 million tokens worth $29.85 million.
$MELANIA Causes $TRUMP Coin to Tumble
$TRUMP, Donald Trump’s memecoin, crashed 40% as traders shifted funds to $MELANIA. $TRUMP’s market cap fell from $15 billion to $11.46 billion, with a $7.5 billion loss in 10 minutes. Its trading volume stands at $50.42 billion, and the token trades at $57.33, down 10.52% daily.
$MELANIA’s FDV is $11 billion with 162.21 million tokens circulating, while $TRUMP’s FDV is $57.32 billion with 200 million tokens in supply. Despite its drop, $TRUMP remains a top 20 cryptocurrency.
Both tokens highlight the intersection of politics and crypto, drawing global market attention. The rivalry between $MELANIA and $TRUMP could escalate as Melania’s coin gains momentum.
