Melania Trump, the incoming First Lady of the United States, has launched her own meme coin, $Melania, just hours before President-elect Donald Trump's inauguration. This follows the recent introduction of Donald Trump's meme coin, $Trump.

The $Melania token has experienced significant market activity, reaching a valuation of over $10.1 billion. In the past 24 hours, it has traded between $6.62 and $13.19. Despite this, the official website for $Melania emphasizes that it is not intended as an investment opportunity but rather as a digital collectible for expressing support and engagement.

The launch of $Melania has impacted the market performance of $Trump, which saw a 38% decrease in value, dropping from $74.6 to $45.9 within 40 minutes.

Meme coins, like $Melania and $Trump, are cryptocurrencies without inherent value, often reflecting cultural moments or internet memes. While they can yield significant returns, they are highly volatile and speculative. Potential investors are advised to exercise caution and conduct thorough research before engaging with such digital assets.