From the announcement of the 47th United States election dates to the results and beyond, Donald Trump’s family has consistently expressed strong support for cryptocurrencies. Experts suggest this endorsement played a key role in his historic victory.
Recently, Melania Trump, wife of Donald Trump, launched her own cryptocurrency, which has gained significant attention. Within just a few hours of its release, over 40,000 wallets purchased her memecoin, showcasing its massive early traction.
The $MELANIA launch news gathered huge attention after being officially posted on Melania Trump and her husband’s Twitter account. Several market data aggregators reported that the memecoin had reached a market capitalization of $6 billion in just a few hours after its launch.
It is worth noting the data reported by DEXScreener highlights that approximately 45k on-chain wallets have bought $MELANIA memecoin soon after its launch helping it to reach a market capitalization of $6.14 billion.
$MELANIA launch disrupt the market cap & price of $TRUMP
Until publishing Official Trump (TRUMP) was exchanging hands at $57.71 with a growth of 52.69 percent; yet it is worth noting that after the launch of $MELANIA a sudden decline in $TRUMP price was observed failing from $74.4 to $45.9.
However several finance and on-chain experts argued that after the $MELANIA launch, a sudden change in investors’ sentiments in the $TRUMP coin was observed with the majority of holders selling or transferring their holdings to acquire $MELANIA.
According to data from CoinMarketCap, the market capitalization of the TRUMP coin was $11.79 billion at press time, a surge of 54.29 percent, and its volume was $52.15 billion, reflecting a massive growth of 373.53 percent.
In the past, the TRUMP coin’s highest recorded trading price was $75.35, and its lowest traded at $35.66; it is important to note that its all-time high was also recorded in the same session which was $75.35.
TRUMP’s price has also reflected a staggering growth of 822.93 percent. The trading price of $MELANIA as per CoinMarketCap was $11.47 with a growth of 55.26 percent since its launch, and its press time market capitalization was $1.85 billion and trading volume was $3.04 billion.
$MELANIA’s highest recorded trading price since its debut is $13.19 and its lowest trading price is $6.62. In the wider crypto market, there are speculations that both the $TRUMP coin and the $MELANIA coin are expected to grow in the future following Donald Trump’s OATH ceremony occurring on January 20, 2025.
Crypto market price update
When writing, the cryptocurrency market capitalization was $3.56 trillion with a decline of 2.43 percent; yet in the intraday time frame, the trading volume of the wider market has reached $360.09 billion with a growth of 92.79 percent.
Bitcoin, one of the oldest crypto on the market, was trading at $103,510 with an intraday decline of 1.26 percent, but it has registered a weekly addition of 10.95 percent. In the past 24 hours, the market capitalization of BTC fell 0.15 percent to $2.08 trillion and the trading volume was $92.98 billion with a growth of 86.94 percent.
The intraday gainer’s list has been ruled by $MELANIA and $TRUMP, further followed by Fartcoin, OKB, Chainlink, and Aave. Cryptocurrencies like Jupiter, Dogwifhat, and Bonk have been dominating the loser list with an average decline of 10 to 15 percent.
