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Donald Trump and Melania Trump have ventured further into the cryptocurrency space by launching their own memecoins — $TRUMP and $MELANIA.
Donald Trump’s memecoin debuted on Friday. By Saturday, it was trading at $10 before reaching a peak of $74.59 on Sunday, according to CoinMarketCap data.
The coin’s market capitalization climbed to $8.34 billion, placing it 24th among over 10,000 active cryptocurrencies listed on the platform.
On Sunday, Melania Trump also announced the launch of her memecoin on the Solana blockchain via a post on X (Twitter).
$MELANIA is currently trading at $5.31, with a market capitalization of $5.7 billion. In the past 24 hours alone, its trading volume reached $6.6 billion. The memecoin now ranks 96th among active cryptocurrencies on CoinMarketCap.
The couple’s move reflects their continued interest in Web3 technologies and cryptocurrencies.
Donald Trump has previously made headlines with his ventures in the space. He has released four collections of non-fungible tokens (NFTs), featuring trading cards with real-life perks for their holders.
Financial disclosures from August 2023 revealed that Trump holds up to $5 million in Ether and has earned over $7 million from his NFT projects.
Melania Trump also has a history in the blockchain and NFT world. She launched her first NFT initiative in 2021 and has since released other projects in the space. In an October 2024 interview, she announced plans to expand her Web3 activities to support foster children if she were to return to the White House.
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