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.

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

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

The returning first lady and Barron Trump, the son she had once shielded from the public eye, used Monday’s inauguration to reintroduce themselves.

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.

Donald Trump’s new $TRUMP meme coin took the crypto market by storm after surging as much as 300 per cent within hours of debut. This came ahead of the 47th US President’s inauguration (Picture Credit: https://gettrumpmemes.com/)

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.

The news broke shortly before he was sworn in Monday morning, and Trump confirmed it during his inaugural address. The order will rename the Gulf of Mexico to the Gulf of America, and Mount Denali to Mount McKinley, which was the official name recognized by the federal government from 1917 until 2015.

Circle CEO expects President Donald Trump to issue pro-crypto executive orders for easing regulations and accelerating adoption of crypto in US