Donald Trump's cryptocurrency is currently trading in the $30 range, while Melania Trump's coin has fallen to an all-time low of $3.37.
As Donald Trump returned to the White House, his meme coin, $TRUMP, saw a massive surge, reaching a market value of over $10 billion. The cryptocurrency, launched by Trump on January 17, initially traded below $10 but quickly spiked, reaching a peak of $74.59 on January 20. The coin then settled in the $30 range, according to CoinGecko.
Trump's return to the presidency also benefited his wife, Melania Trump, whose rival meme coin, $MELANIA, also saw a surge. The coin, which debuted just before Trump's inauguration, reached a market value of $2.21 billion and an all-time high of $13.73, as per crypto tracker CoinMarketCap.
However, Melania's coin has since seen a sharp decline, reaching an all-time low of $3.37 on Monday, according to CoinMarketCap. The coin's value has plummeted over 97% from its record high.
The Trump and Melania cryptocurrencies were created on the Solana blockchain. As a result, the price of Solana's coin also rose over the weekend, hitting a record high of $294.33, according to CoinGecko.
The Trump coin is branded with an image of himself raising his fist alongside the phrase “FIGHT FIGHT FIGHT,” which he has described as “a battle cry” following his survival of an assassination attempt in July 2024. First lady Melania's coin is marketed with a black-and-white photo of herself smiling, her hands clasped in front of her face.
According to the coin's official website, 80% of Trump coin's tokens are held by CIC Digital, an affiliate of Trump's business, and another entity named Fight, Fight, Fight. The site states that the coins are “an expression of support for, and engagement with, the ideals and beliefs represented by the symbol '$TRUMP'” and clarifies that they are not an investment or security.
The Trump family holds financial stakes in World Liberty Financial, a crypto-related company. On Monday, the firm announced that it had successfully concluded an initial token sale, raising $300 million, according to a report by Reuters. The company also revealed plans to issue additional tokens in the future.
