Within hours, TRUMP skyrocketed in value, climbing from pennies to over $50, with a market cap over $10 billion. The coin now ranks among the world’s top 20 digital assets, attracting both investors and critics. Trump’s business arm holds 80% of the tokens, set to release gradually during his presidency.

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.

Incoming first lady Melania Trump has launched a cryptocurrency on the eve of her husband's inauguration as US president. The announcement comes after President-elect Donald Trump launched the $Trump cryptocurrency. Both coins have risen but have seen volatile trade.

The $Melania meme coin is marketed by MKT World LLC, a Florida-registered company owned by Melania Trump, whose previous surname name was Knauss. The owners will be able to sell the meme coin themselves after 30 days.

"The reign of terror against crypto is over, and the beginning of innovation in America for crypto has just begun," Sacks said, speaking on Friday at the so-called crypto ball event, intended to drive support for Trump among the crypto community and demonstrate its value to the incoming administration.

President-elect Donald Trump has launched a new cryptocurrency token that's soaring in value and potentially boosting his net worth

The incoming first couple have launched a pair of meme coins in the leadup to President-elect Donald Trump’s inauguration.

Trump has endorsed cryptocoins and crypto projects before, though this one is now billed as the "only Official Trump Meme." The difference, however, is t