Donald and Melania Trump launch a pair of meme coins ahead of inauguration

The incoming first couple have launched a pair of meme coins in the leadup to President-elect Donald Trump’s inauguration.

The incoming first couple have launched a pair of meme coins in the leadup to president-elect Donald Trump’s inauguration. Melania Trump launched her cryptocurrency $MELANIA in a social media post Sunday, sending her husband’s cryptocurrency $TRUMP, announced two days earlier, plummeting. “The Official Melania Meme is live! You can buy $MELANIA now. https://melaniameme.com,” the future first lady wrote on X Sunday.” Meme coins are a type of highly volatile cryptocurrency inspired by popular internet or cultural trends. They carry no intrinsic value but can soar, or plummet, in price. “My NEW Official Trump Meme is HERE!” Trump wrote on X Friday. “It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to http://gettrumpmemes.com — Have Fun!” Both coins are trading on the Solana blockchain. Trump’s meme coin skyrocketed over the weekend and was trading at more than $70 by Sunday afternoon, according to CoinGecko.