How to Buy Melania Coin with Trust Wallet

Bittime - You must be familiar with the memecoin phenomenon that often appears in the crypto world, and this time there is another one that is stealing attention, namely Melania Coin ($MELANIA). This coin was just launched on January 19 2025 by Melania Trump and immediately created a buzz. 

In a short time, this coin managed to achieve a very large market capitalization, attracting the attention of many crypto fans and investors. In this article, we will discuss what memecoin is, how to buy Melania Coin using Trust Wallet, and things you need to consider before investing in this coin.

What Is Memecoin?

Memecoins are a type of cryptocurrency inspired by internet memes, pop culture, or certain trends. In contrast to traditional cryptocurrencies such as Bitcoin or Ethereum, which have technical goals and benefits, memecoins often have no intrinsic value. 

Their value is more influenced by social media buzz, community engagement, and viral marketing. One of the most famous memecoins is Dogecoin, which initially started as a joke but later gained huge attention thanks to its strong community appeal.

Also read: Melania Trump Launches Memecoin MELANIA

Memecoins are known for their high volatility and speculative nature. Their prices can skyrocket in a short time, but can also drop drastically. This makes it an attractive but high-risk investment.

Launch and Introduction of Melania Coin

On January 19, 2025, Melania Trump launched the $MELANIA memecoin on the Solana platform. This announcement was made via Twitter (now X), which was followed by a swift reaction from the crypto community. 

In her tweet, Melania announced, "Melania Meme is Officially Live! You can buy $MELANIA now!" which immediately caught the attention of his more than 3.2 million followers. This launch also coincided with President-elect Donald Trump's victory campaign in Washington DC, which increased the spotlight on this coin.

Also read: Where to Buy the Official Melania Meme Coin? Complete Guide for You!

In just 30 minutes after launch, $MELANIA managed to reach a market capitalization of $4 billion and attracted nearly 20,000 investors. The price of this token continued to skyrocket until it reached a market capitalization of more than $12 billion on January 20, 2025. This success shows how much interest there is in this coin.

Impact on Trump Coin ($TRUMP)

The launch of Melania Coin apparently had a direct impact on $TRUMP, Donald Trump's memecoin. Just minutes after the $MELANIA announcement, the price of $TRUMP dropped almost 40% as many investors switched to Melania's coin. This quick market reaction shows how public sentiment can influence memecoin prices very quickly.

How to Buy Melania Coin Using Trust Wallet

Trust Wallet is a crypto wallet application that allows users to buy, store, and exchange various cryptocurrencies, including Melania Coin. To buy Melania Coin, you need to buy Solana (SOL) first, because Melania Coin is traded on the Solana network.

First of all, open the Trust Wallet app and select the “Buy” option on the main screen. Search for “Solana” or “SOL” and select it. After that, select the currency you want to use and enter the amount of SOL you want to buy. Select the third-party provider and desired payment method, then click "Buy" and complete the payment process.

Once you have SOL in your Trust Wallet wallet, you can exchange it for Melania Coin. To do this, select the "Swap" option on the Trust Wallet main screen. Make sure Solana is selected as the token you want to exchange and Melania Coin as the exchange destination. Enter the amount of SOL you want to exchange, then click "Continue" and follow the steps to complete the transaction.

Important Considerations for Crypto Enthusiasts

Before buying Melania Coin, there are several things you need to pay attention to. First, about 90% of $MELANIA's supply is reportedly held by a single wallet. This raises concerns about centralization and potential market manipulation.

Second, although memecoin prices can soar, memecoins like $MELANIA are highly volatile and speculative. Prices can rise quickly, but they can also fall drastically in a short time. Therefore, investing in memecoins is very risky.

Conclusion

The launch of Melania Coin shows how strong the influence of social media and celebrity endorsements can be in attracting the attention of the crypto market. Although this coin has become very popular in a short time, it is important to remember that $MELANIA is a highly speculative and risky investment. Whether this coin will survive or eventually be forgotten like so many other memecoins, only time will tell.

If you are interested in buying Melania Coin, make sure you follow the proper steps in Trust Wallet and are ready to face the risks involved.

FAQ 

What is Melania Coin ($MELANIA)?

Melania Coin is a memecoin launched by Melania Trump on January 19 2025. This coin is inspired by the public figure Melania Trump and focuses more on community involvement and cultural values.

How to buy Melania Coin?

To buy $MELANIA, you need to buy Solana (SOL) first, then exchange it for MELANIA using Trust Wallet.

What are the risks of buying Melania Coin?

Like other memecoins, $MELANIA is highly volatile and speculative. The price can rise sharply in a short time, but can also fall drastically, so it has a high risk as an investment.

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Reference

Trust Wallet, How to Buy MELANIA using Trust Wallet, accessed January 21, 2025.

Author: MF