Donald Trump and Melania Trump have ventured additional into the cryptocurrency area by launching their very own memecoins — $TRUMP and $MELANIA.
Donald Trump’s memecoin debuted on Friday. By Saturday, it was buying and selling at $10 earlier than reaching a peak of $74.59 on Sunday, in keeping with CoinMarketCap information.
The coin’s market capitalization climbed to $8.34 billion, inserting it twenty fourth amongst over 10,000 energetic cryptocurrencies listed on the platform.
On Sunday, Melania Trump additionally introduced the launch of her memecoin on the Solana blockchain through a submit on X (Twitter).
$MELANIA is at the moment buying and selling at $5.31, with a market capitalization of $5.7 billion. Previously 24 hours alone, its buying and selling quantity reached $6.6 billion. The memecoin now ranks 96th amongst energetic cryptocurrencies on CoinMarketCap.
The couple’s transfer displays their continued curiosity in Web3 applied sciences and cryptocurrencies.
Donald Trump has beforehand made headlines together with his ventures within the area. He has launched 4 collections of non-fungible tokens (NFTs), that includes buying and selling playing cards with real-life perks for his or her holders.
Monetary disclosures from August 2023 revealed that Trump holds as much as $5 million in Ether and has earned over $7 million from his NFT tasks.
Melania Trump additionally has a historical past within the blockchain and NFT world. She launched her first NFT initiative in 2021 and has since launched different tasks within the area. In an October 2024 interview, she introduced plans to increase her Web3 actions to assist foster youngsters if she have been to return to the White Home.
