Trump family’s $MELANIA coin gains momentum in hours

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.

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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. 

Source: CoinMarketCap $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. 

Source: CoinMarketCap

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.