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 has ventured further into the crypto world with the launch of Official Trump (TRUMP), a Solana-based meme coin. Announced just days before his second-term inauguration, the TRUMP token blends meme culture, politics, and blockchain into one eye-catching package.

Donald Trump's newly created cryptocurrency soared on Monday to more than $10 billion in market value as he took office for his second term as U.S. president, drawing in billions in trading volume, while bitcoin's price hit a record high hours ahead of Trump's return to the White House.

President-elect Donald Trump and incoming first lady Melania Trump have begun selling new cryptocurrencies. Named $TRUMP and $MELANIA, the projects are meme coins, a type of crypto whose value is

"The Trump meme coin stuff is bad for the industry. Don't delude yourself," Anthony Scaramucci wrote on Saturday.

President-elect Donald Trump launched a memecoin on Friday that quickly topped a $10 billion market cap after nearly just an hour. A tweet from his Truth Social account and his verified X account announced $TRUMP just before 10 PM EST.

President-elect Donald Trump announced what appears to be an official Solana meme coin called TRUMP on his Truth Social account.