How to Buy MELANIA using Trust Wallet

The MELANIA memecoin is the latest sensation in the cryptocurrency world, launched by incoming First Lady Melania Trump on January 19, 2025. The memecoin, named $MELANIA, has quickly captured the attention of crypto enthusiasts and traders, achieving a staggering $4 billion market capitalization within 30 minutes of its debut. In this article, we’ll explore what memecoins are and why they’ve become a popular trend in the crypto space. We’ll discuss the details of $MELANIA - its launch, its effect on Donald Trump’s $TRUMP coin, and its rapid rise in value. We’ll provide the steps of how to buy Melania and how to buy memecoin using Trust Wallet.

What Are Memecoins?

Memecoins are cryptocurrencies inspired by internet memes, pop culture, or trends. Traditional cryptocurrencies like Bitcoin or Ethereum address specific technological or financial challenges. Memecoins often lack intrinsic utility. Memecoins’ value is driven by social media buzz, community engagement, and viral marketing rather than underlying technology or use cases. Dogecoin, one of the first and most famous memecoins, started as a joke but gained a massive following owing to its lighthearted appeal and community-driven growth.

Memecoins are highly volatile and speculative assets. Their popularity can lead to rapid price surges but they can just as quickly lose value, making them both exciting and risky investments.

Melania Coin: Introduction and Launch

Melania Trump launched her own memecoin, $MELANIA, on the Solana platform on January 19, 2025. The announcement was made on X (formerly Twitter), where she has over 3.2 million followers. In her tweet, she declared, "The Official Melania Meme is live! You can buy $MELANIA now," which immediately attracted attention from the crypto community. The launch coincided with President-Elect Donald Trump’s victory rally in Washington DC, amplifying its visibility.

Within just 30 minutes of its debut, $MELANIA reached a market capitalization of $4 billion and attracted nearly 20,000 investors. The token had surged further to a fully diluted market cap of over $12 billion by early trading hours on January 20. The rapid rise highlights the immense interest surrounding the coin.

Cultural Significance

The MELANIA memecoin is marketed as more than just a cryptocurrency; it is positioned as a digital collectible that enables supporters to "engage" with Melania Trump. According to its official website, it is "not intended" as an investment but rather as a way for fans to connect with her brand.

Effect on Trump Coin ($TRUMP)

Interestingly, $MELANIA's launch had an immediate effect on Donald Trump's own memecoin, $TRUMP. Within minutes of the announcement, $TRUMP lost nearly 40% of its value as investors shifted their focus to Melania's coin. The dramatic market reaction underscores how memecoins are heavily influenced by public sentiment and trends.

High Volatility and Speculation

Like most memecoins, $MELANIA has experienced extreme price volatility since its launch. $MELANIA started trading at just pennies but quickly rose above $10 within hours. The rapid price movement attracts speculative traders looking for quick gains and enthusiasts drawn by the coin's cultural significance. Political Context The launch of both $TRUMP and $MELANIA coins comes at a time when President-Elect Donald Trump has promised crypto-friendly regulations in his upcoming administration. The political backdrop has further fueled interest in these tokens.

Key Considerations for Enthusiasts

Token Distribution

Reports indicate that 90% of $MELANIA's supply is held in a single wallet, raising questions about centralization and market manipulation.

Volatility Risks

While the rapid price surges may seem appealing, memecoins like $MELANIA are highly unpredictable investments.

How to Buy Solana Using Trust Wallet

You can buy crypto, including Solana, using Trust Wallet, via our trusted partners. Here’s how:

• Select “Buy” from the home screen.

If using the mobile app:

• Search for “Solana” or “SOL” and select it.

• Choose your preferred currency, then enter the amount of SOL you want to purchase.

• Select the third party provider & payment method you’d like to use.

• Select the Buy button and complete the remaining steps.

If using the browser extension:

• Choose your preferred currency and amount, then choose Solana (SOL)

• Select your preferred third party provider.

• Complete the remaining steps.

How to Swap SOL for MELANIA

Once you have purchased SOL, you can swap it for MELANIA using Trust Wallet, via our trusted partners. Here’s how to buy Melania:

• Select “Swap” from the Trust Wallet home screen.

• Ensure Solana is selected in the the “From” network field, and choose SOL as your token

• Ensure Solana is selected in the “To” network field, and choose MELANIA as your token.

• Enter the amount of SOL you would like to swap.

• Select “Continue” and complete the remaining steps.

Conclusion

Melania Coin’s immediate success reflects the power of social media marketing and celebrity endorsements in driving interest in memecoins. You should approach with caution due to its speculative nature and lack of intrinsic utility. Whether $MELANIA will sustain its momentum or fade like many other memecoins remains to be seen - but for now, it has firmly captured the crypto world’s attention. Remember that you can buy memecoin using Trust Wallet - download the latest version today!

Disclaimer: Content is for informational purposes and not investment advice. Web3 and crypto come with risk. Please do your own research with respect to interacting with any Web3 applications or crypto assets. View our terms of service.

Join the Trust Wallet community on Telegram. Follow us on X (formerly Twitter), Instagram, Facebook, Reddit, Warpcast, and Tiktok

Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.