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Know about the latest $TRUMP and $MELANIA meme coins and how to buy these trending Solana blockchain assets, their impact on the crypto market, and Bitcoin’s price trends today.
US President-elect Donald Trump and Melania Trump launch official meme coins ahead of the presidency. (Photo: Reuters)
Even as Donald Trump is set to take charge as the 47th President of the US on Monday, cryptocurrency prices have risen sharply in the recent past days with the meme coins gaining special attention. The latest in the crypto league are $TRUMP and $MELANIA (after the name of Donald Trump and his wife Melania Trump, respectively), launched last week.
Soon after the launch on Friday on January 17, the price of “official” Trump memecoin #TRUMP surged and placed the memecoin in the top-20 cryptos by market capitalisation with the total valuation of $14 billion.
However, as soon as his wife Melania Trump’s rival cryptocurrency $MELANIA was launched on January 20, $TRUMP tumbled nearly 40 per cent to $44.82 from $74.06 in less than 24 hours.
What Are Trump, Melania Meme Coins?
These are fungible cryptocurrency assets, similar to other digital currencies, enabling transactions and speculative trading. The Trump and Melania meme coins have been launched on the Solana blockchain network.
What’s Their Impact On The Crypto Market?
Experts said these assets might divert liquidity in the market.
“The rise of speculative assets such as the TRUMP and MELANIA memecoins diverts liquidity and increases market volatility,” said Avinash Shekhar, co-founder and CEO of Pi42.
How To Buy Trump Coin and Melania Coin?
The meme coins can be bought from crypto exchanges. #TRUMP coin is available on exchanges like Binance, #MELANIA can be bought on the Jupiter.
Melania Trump also shared a link of the meme coin $MELANIA’s official website in her post on X.
Here are the steps to buy #TRUMP:
Step 1: Visit Binance.
Step 2: Search ‘Trump/USDT’
Step 3: Buy it using USDT.
It is important to buy USDT before buying #TRUMP on the Binance exchange. USDT is a cryptocurrency linked to the value of the US dollar.
For buying #MELANIA, you can have Solana Wallet to buy the meme coin:
Step 1: Set Up a Solana Wallet
If you don’t already have a wallet, create one that supports Solana, such as the Phantom wallet.
Step 2: Visit the Official Website
Head to melaniameme.com to get started.
Step 3: Connect Your Wallet
Once on the website, click the “Connect Wallet” button to link your Solana wallet.
Step 4: Make a Purchase
The $Melania collectible can be purchased using either a credit card or cryptocurrency. Enter your credit card details, and the collectible will be delivered to your Solana wallet within a few minutes to a few hours.
Bitcoin Price Today
Bitcoin, the world’s largest cryptocurrency, traded above $101,889.
Pi42’s Avinash Shekhar said, “Bitcoin’s path through volatile territory is a testament to the crypto market’s dynamic nature. Currently trading just above $101,889 after dipping below the psychological $100,000 mark, BTC faces a critical test at $105,000. A decisive breakthrough at this level may pave the way for new highs, potentially reaching $110,000, while failure may trigger retracement, testing support at $98,000 and $95,000. Increased trading volumes and a favorable macroeconomic environment can fuel optimism for both institutional and retail investors.”
The $105,000 threshold remains pivotal for Bitcoin’s future trajectory. Meanwhile, XRP continues to trend upward at $3.13, supported by strong levels and an RSI of 68, indicating more room for upward movement to $3.5, he added.
