The Trumps are diving into the world of cryptocurrency with their own meme coins, $TRUMP and $MELANIA, just days before Donald Trump’s inauguration. The move has already caused quite a stir in the crypto market. Melania Trump announced her coin, $MELANIA, on social media Sunday, causing her husband’s $TRUMP coin to take a sudden dip. “The Official Melania Meme is live! You can buy $MELANIA now,” she posted, sharing a link to the coin’s website. Meme coins, known for their wild price swings, are inspired by internet trends and often lack real-world value. They can shoot up or crash down in a flash, making them a risky bet for investors. Donald Trump had unveiled his $TRUMP coin just two days earlier, calling it a celebration of “WINNING!” and urging supporters to join his “Trump Community.” The coin initially soared, hitting over $70 by Sunday afternoon. But when Melania’s coin entered the scene, $TRUMP dropped to $40 before bouncing back to around $60 by Monday. Meanwhile, $MELANIA was trading at just over $12. Both coins are built on the Solana blockchain. Interestingly, this marks a shift for Trump, who once criticized Bitcoin as being “based on thin air.” Since then, he’s warmed up to crypto, even speaking at a major crypto convention in July 2024 and appointing crypto-friendly figures to his administration. The $TRUMP coin has a market cap capped at $13 billion, with plans to release 1 billion coins over the next three years. Both coins come with disclaimers, clarifying they’re meant to support their respective brands and aren’t investment opportunities. Despite the disclaimer, 80% of the $TRUMP coin supply is held by Trump-affiliated entities, which are locked into a three-year schedule to prevent a sudden sell-off. The website proudly declares it’s “the only official Trump meme,” celebrating a leader who “doesn’t back down.” Whether these coins will become a lasting trend or a fleeting meme remains to be seen, but one thing’s clear: the Trumps are making waves in the crypto world.