Mon Jan 20 05:27:43 UTC 2025: ## Trump and Melania Meme Coins Soar, Briefly Shaking Crypto Market
**Washington D.C.** – The cryptocurrency market saw a dramatic surge this week with the launch of meme coins associated with President-elect Donald Trump and his wife, Melania. $TRUMP, Donald Trump’s meme coin, experienced an 85.55% jump in a single day, reaching a price of $49.01 and a market cap of $9.8 billion. Melania Trump’s $MELANIA coin, launched on Sunday, also saw significant gains, climbing 51.29% to $11.09 with a market cap of $1.79 billion.
According to CoinGecko, $TRUMP briefly ranked as the 22nd most valuable cryptocurrency globally, while $MELANIA reached 94th place. The launch of $MELANIA caused a temporary dip in $TRUMP’s value, falling nearly 50% before recovering.
President-elect Trump, who has publicly voiced support for cryptocurrency, promoted his meme coin via a post on Truth Social, calling it a “very special Trump Community.” Melania Trump similarly announced her coin on X (formerly Twitter). Both coins are digital tokens without intrinsic value, operating on blockchain technology.
Trump’s embrace of meme coins comes amidst his stated plans to prioritize cryptocurrency as a national issue. Bloomberg reported Friday that he intends to issue an executive order on the matter and include cryptocurrency industry figures in his administration. While the president-elect referred to the meme coins as “investments” at a recent rally, their rapid price fluctuations highlight the volatility inherent in the cryptocurrency market.
First Piper 