Now there's a $MELANIA meme coin to go with the $TRUMP cryptocurrency meme coin. Both coin prices rose to generate billions of dollars.

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.

Ahead of his inauguration, President-elect Donald Trump launched the $TRUMP meme coin. The crypto, which had captivated attention over the weekend, has seen a 60% dip in value from its highest point.

The soon-to-be First Lady introduced $MELANIA on Sunday, after which her husband's meme coin saw a significant price drop.

Ivanka Trump said Thursday a meme coin bearing her name is “fake” and likely poses risks to investors, as other tokens named after and promoted by her father, President Donald Trump, and First Lady Melania Trump dropped in value days after they went viral.

First Lady Melania Trump launched the Official Melania meme coin on the Solana (SOL -13.16%) blockchain with the ticker $MELANIA. She followed in the footsteps of Pres

Melania Trump is following in the footsteps of her husband, President-elect Donald Trump, in launching her own meme coin . "The Official Melania Meme is live!" the incoming first lady posted on social media.

After breaking the record for the fastest meme coin to hit a $15 billion market cap, the Official Trump ($TRUMP) coin has come under scrutiny. Many question

Dubbed Melania, the Solana-based token has surged more than 12,000% in the last 24 hours as Donald Trump's token fell.

The biggest concern investors and industry leaders have with the president’s meme coin ventures is his large stake in the $TRUMP and $MELANIA coins.

The TRUMP meme coin frenzy caused Solana dApps to suffer during an increased period of trading volume and congestion.

Carson Block, founder and chief investment officer of Muddy Waters Capital, said he "wouldn't touch" meme coins.