The soon-to-be First Lady introduced $MELANIA on Sunday, after which her husband's meme coin saw a significant price drop.

Donald Trump's cryptocurrency was the largest meme coin on the Solana network by market cap at 10:35 a.m. London time, according to data from CoinGecko, with Melania Trump's token

The launch of the $MELANIA token comes just two days after President-elect Donald Trump launched his own meme coin, which has since soared to a market cap of $10 billion.

Days ahead of Trump's inauguration as President of the United States, scheduled for Monday, Jan. 20, Trump launched the $TRUMP memecoin on crypto platform Solana. The President-elect posted the news from his official X account, making it as official as can be.

Donald Trump launched $TRUMP cryptocurrency, a meme coin, days before his inauguration. It quickly reached over $32 billion in value. Melania has now launched her own.

Crowd cheers president-elect at Capital One Arena as he delivers campaign-style speech with his family, Elon Musk and JD Vance in attendance, and performances from Kid Rock and The Village People

Melania has an estimated net worth of $50 million, according to Celebrity Net Worth. Before becoming First Lady, Melania had a successful career as a model. She worked with several high-profile fashion brands and appeared in numerous magazines, including Vogue and Harper’s Bazaar.

Melania Trump launched a meme coin on the eve of her husband’s inauguration — causing his own new cryptocurrency to briefly tank amid a buying frenzy. The incoming first lady dropped news of the cryptocurrency — “$MELANIA” — on Sunday night — just days after her husband, President-elect Donald Trump, revealed his own newly created $TRUMP coin.

The meme coins yo-yoed in value as Trump took office. Here is what you should know about the coins and cryptocurrency's future under the Trump administration.

Ahead of President Donald Trump ’s inauguration on Jan. 20, 2025, the incoming first couple has launched $TRUMP and $MELANIA meme coins, sparking memes about the pair’s crypto-friendly attitude and the volatile nature of the cryptocurrency.

But as his presidency approached, he also offered more specific support to the cryptocurrency market. After the launch of his own $TRUMP coin, his wife launched her own $MELANIA competitor – the combination of which led to volatility in the cryptocurrency market.