Melania Trump has shaken up the crypto market with the launch of her meme coin, MELANIA. This move comes just days after Donald Trump introduced his TRUMP token. Within hours, MELANIA’s market cap soared past $8 billion, generating both excitement and skepticism.

TRUMP Token Declines Following MELANIA’s Debut

On January 20, Melania Trump announced the launch of MELANIA on X . According to Dextool, the token was trading at $8.04, with a market capitalization exceeding $8 billion.
Meanwhile, Donald Trump’s TRUMP token, which initially saw impressive gains, experienced a significant drop in value following the MELANIA launch. TRUMP’s market cap plummeted from $15 billion to $10 billion, with its price dropping from $74.60 to $49.29.

Analyst Speculates on the Trumps’ Strategy
Crypto analyst Zack Guzman speculated that the Trumps launched their tokens swiftly to avoid potential legal issues. He pointed out that delaying further could have exposed Donald Trump to accusations of abusing his office for personal gain, a violation that could lead to impeachment.
Additionally, the official MELANIA website clarifies that the token is not an investment opportunity but rather an expression of support. Despite this, concerns about the token’s legitimacy arose, with some users speculating that Melania’s X account might have been hacked.
Community Reactions and Concerns
Coinbase’s Conor Grogan dismissed fears of MELANIA being a scam, suggesting that the project was managed by a different team than TRUMP. He noted that while TRUMP appeared to have professional market makers, MELANIA seemed less structured.
However, skepticism persisted. Guzman shared his frustration with failed transactions on the Solana network, questioning the legitimacy of the entire process.
In response, Messari founder Ryan Selkis criticized the launch, urging Trump to remove those behind the MELANIA project, arguing that they lacked competence and were damaging his reputation.
What Lies Ahead for the Trumps’ Crypto Ventures?
As the Trumps continue to navigate the meme coin market, the rapid fluctuations in value and the controversies surrounding their launches have sparked intense debate. Whether these tokens will sustain their initial success or face further scrutiny remains to be seen.