- MELANIA price rose 11.39% in 24 hours, reaching $0.542 on April 24.
- Market cap hits $254M as volume surges 177% to $ 73.9 M.
In just a 24-hour timeframe, Official Melania Memecoin has recorded an uptick in its price value. According to market data, MELANIA now trades at a price value of $0.4569 after recording an intraday high of $0.542, noting a 11.39% uptick in the same period.
Additionally, the market cap read at a value of $254M, up by 10.90%, while the volume noted a value of $73.96M, up by over 177.12%. MELANIA memecoin, the official cryptocurrency launched by the First Lady of the United States, Melania Trump, has got analyst eyes due to the continuous uptrend that started on the 23rd.
Melania Trump launched her own meme coin, MELANIA, on January 19, 2025, following the debut of the TRUMP token. Built on the Solana blockchain, the MELANIA coin combines political influence and Web3 technology.
According to official sources, the total supply of MELANIA tokens is capped at one billion. Of that, 15% is available for public distribution. Team members receive 35% under a vesting structure that includes a 30-day lock period. The remainder supports liquidity, the treasury, and community-based initiatives as the token release for the team follows a linear schedule over one year.
Is the Washington DC Dinner Behind MELANIA Surge?
The recent surge in MELANIA digital assets is closely linked to an announcement made by Donald Trump. Both the MELANIA memecoin and its affiliate, the TRUMP token, saw notable price changes following the news, as they are tied to the Trump family.
Trump’s latest move to promote his memecoin came with the announcement of an exclusive dinner event for the top 220 TRUMP holders. Scheduled for May 22 at his private club in Washington, D.C., the event has drawn attention across crypto communities.
The official website features the invitation under the headline “Have Dinner with President Trump,” describing it as one of the world’s most limited opportunities. After the announcement, both the TRUMP and MELANIA tokens experienced a significant rise in market value, further fueling interest in the Trump-linked digital assets.
Tracking the current market performance, CoinMarketCap data indicates that MELANIA recorded a sharp movement beginning April 22, showing a significant breakout from a steady downtrend. Today, MELANIA opened at $0.4104 during the Asian session, maintaining upward pressure from recent gains with current price at $0.4627.
Previous months showed minimal movement with the token staying within a specific range while a major spike in token activity occurred throughout two consecutive days. The data shows an ascending trend which later entered a condition of heightened market instability with momentary downturns.
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Source: https://thenewscrypto.com/melania-meme-coin-jumps-over-11-after-a-downtrend-whats-behind-price-uptick/