Two days after Donald Trump launched a memecoin that soared to $6.5 billion overnight, Melania Trump announced her own memecoin, adding to concerns the pro-crypto president is crossing ethical boundaries in an industry his administration will regulate.

United States President-Elect Donald Trump’s controversial memecoin fell 28% as the incoming first lady Melania Trump launched a memecoin of her own, notching a $4 billion market cap within the first half hour of launch.

The first lady launched her Melania Meme (MELANIA) on Sunday a day after Donald Trump launched his own memecoin. Less than 12 hours after launching, MELANIA was up 31.5% and at one point hit more than $13. By Wednesday afternoon its value had dropped to $3.63.

After the initial crash following the launch of the Melania memecoin, $TRUMP surged back above $64. Robinhood officially listed Donald Trump's memecoi

An analysis of wallets showed 77% of TRUMP holders earned less than $100, with over 80% of TRUMP or MELANIA holders likely to be investors who held less than $1,000 worth of Solana-based assets.

A memecoin named after Barron Trump saw a massive valuation boost, which was short-lived after ties to the President’s son were debunked.

A day after the U.S. President Donald Trump launched the $TRUMP memecoin, the First Lady of the country, Melania Trump, also launched her own memecoin, $MELANIA.

The launch of the Trump token, which hit a $15 billion valuation, rides the trend and raises questions. Axios reporter Brady Dale explains what a meme coin is and what owners can actually do with them.

Meme coins have always been divisive, but Trump and Melania’s entry into the space seems to be pushing some retail investors over the edge. A recent Stocktwits poll reveals that 31% of retail investors feel that the creation of these meme coins is driving their dislike for the crypto market,