- Melania Trump has launched $MELANIA meme coin
- $MELANIA already listed on Crypto.com
- $MELANIA reached a price of $12.95 in the first hour
- Later dropped to $7.76 and is now at $10.77
Just recently, the crypto industry shook up with the launch of $TRUMP a couple of days before the inauguration, so now Melania Trump launched the $MELANIA meme coin. It gained a price of $12.95 and was listed on Crypto.com in a matter of hours, but has now corrected to $10.77.
UPD: Big correction to $7.97 and recovering to $8.58.
Details & Warning About $MELANIA
So, the second and maybe not the last Trump-coin has been launched, now $MELANIA. The official website offers more details like token distribution and purchase methods, among which are Apple Pay, Visa, Venmo, as well as Solana, and USDC.
Source: melaniameme.com
Speaking more about the dynamics, we can see that the token started at $7.43 and, in just an hour, reached its first high of $13.04. This was followed by a sharp correction to $8.87, and, after an attempt to recover faced resistance at $10.33, followed by another correction to $7.37. Next, we can see how $MELANIA started to recover and even set a new high, just above the previous high of $13.05, and then several corrections and stabilization at ~$10.5 and a capitalization of ~$1.65B at the time of writing.
$MELANIA is very quickly listed on Crypto.com, but it is worth noting that the rumor about listing on Binance isn’t grounded.
It is also very important to note that fake Melania meme coins have appeared, which Binance also warns about.
Conclusion
The first day after the inauguration immediately gave the dynamics, and it remains to be carefully observed how it will develop. How dynamic and unambiguous will Donald Trump’s crypto initiatives be? Should we expect $ERIC and other Trump-coins? How will Liberty Finance evolve and there are many more questions to be clarified.
Be aware and stay tuned.
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