$TRUMP and $MELANIA boast a market cap of $10.73 billion and $1.25 billion respectively
The United States’ incoming President and First Lady have launched their very own Solana-based memecoins – $TRUMP and $MELANIA, instigating a wider surge and expanding the popularity of cryptocurrencies.
Launch and Performance:
Launched on Friday, $TRUMP quickly broke into the crypto top 20 by market value list. It quoted as high as $70 before its counterpart, $MELANIA, hit the markets.
Following this, $TRUMP stumbled but has since found stability and is currently trading at $53.92. $MELANIA, on the other hand, has surged by more than 21% in the last 24 hours and is now up for grabs at $8.85, according to CoinMarketCap.
While the memecoin debuts caused liquidity issues that initially affected Bitcoin and other altcoins, they have since recovered and joined the party with BTC trading at $106,344 and “people’s crypto” DOGE on a 14% surge in the last seven days.
How to Buy $TRUMP and $MELANIA:
The memecoins, advertised as collectible digital assets rather than a speculative instrument, can be bought on the crypto.com app.
What this means for Crypto in 2025:
The launch of the multibillion dollar memecoins is seen as a sign of Trump’s commitment as a “crypto president”.
Trump is also expected to sign executive orders to reduce regulatory challenges and promote broader adoption of crypto. Appointment of crypto advocates for key positions is also being seen as an indicator of a potential crypto-friendly regulatory landscape under the Trump Administration.
Further, the memecoins have not only amplified Bitcoin’s momentum, but are also being perceived as ushering a new era for altcoins and memecoins in 2025.
However while $TRUMP showed how quickly demand for crypto can soar, the fullest potential of crypto under the Trump administration can be achieved based on the long-term policy environment it creates.
