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.

Both the president-elect and the incoming first lady announced their own meme coins over the weekend: the $TRUMP and $MELANIA.

Reports suggested that meme coins associated with both Donald Trump and Melania Trump have collectively reached a market capitalisation of $2 billion. This came after the launch of Donald Trump's official meme coin,

The launch of $TRUMP, a meme coin associated with Donald Trump, has thrust the intersection of cryptocurrency, politics, and culture into the spotlight.

President-elect Donald Trump launched his own meme coin early Saturday morning, creating excitement in the cryptocurrency world as the price and market capitalization of the coin immediately soared.

Meme coins are widely regarded as highly speculative investments due to their susceptibility to insider trading and extreme price fluctuations.

"The Trump meme coin stuff is bad for the industry. Don't delude yourself," Anthony Scaramucci wrote on Saturday.

President-elect Donald Trump launched a memecoin on Friday that quickly topped a $10 billion market cap after nearly just an hour. A tweet from his Truth Social account and his verified X account announced $TRUMP just before 10 PM EST.

President-elect Donald Trump announced what appears to be an official Solana meme coin called TRUMP on his Truth Social account.