MELANIA meme coin soars over 50%, Bitget joins the hype
MELANIA perpetual contracts primarily based in USDT are coming to Bitget after the primary woman’s meme coin begins to make market waves hours after launch.
Bitget is launching USDT (USDT)-based MELANIA perpetual contracts on its platform, providing as much as 20x leverage for merchants who want to commerce contracts on the pretty recent Melania Trump-inspired meme coin.
The contract can be accessible for buying and selling on the crypto alternate platform ranging from Jan. 20, 2024 at 04:30 UTC. As well as, contract buying and selling for MELANIAUSDT can be open for buying and selling bots alongside the main launch. Bitget has set a minimal value vary of 0.001, however warned that it might modify parameters primarily based on market volatility.
On the time of writing, MELANIA has already gone up by practically 54% available in the market. Regardless of being launched just some hours in the past, the meme coin has amassed a market cap of greater than $1.5 billion and a buying and selling quantity of above $4.6 billion, in accordance with CoinGecko.
Is MELANIA outpacing TRUMP?
The Melania meme coin is now buying and selling arms at $11.41. The token was first launched on Jan. 20, 2025, a day after President-elect Donald Trump launched his personal cryptocurrency, TRUMP (TRUMP). In keeping with the official website for MELANIA, the token is predicated on the Solana blockchain and might be purchased utilizing a card or with cryptocurrency.
As beforehand reported by crypto.information, TRUMP’s market cap fell by 55% shortly after MELANIA was launched. Regardless of this drop, the Trump token remains to be looming massive with a market cap of over $11.7 billion, having gained a list on HashKey World on Jan. 19.
Although it did expertise huge promoting stress after MELANIA’s launch, with promote orders outweighing purchase orders by greater than $100 million one hour after the launch of MELANIA. TRUMP is at present valued at $59.32 after a slight lower of round 5% prior to now hour.
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