On January 19, 2025, Melania Trump introduced her own cryptocurrency, the MELANIA meme coin, just hours before her husband, President-elect Donald Trump's inauguration. It was also reshared by Donald Trump on X.
The MELANIA coin experienced a rapid surge in value, reaching a market capitalization of approximately $1.9 billion shortly after its release.
However, the introduction of MELANIA had immediate repercussions on the TRUMP coin. Analysts observed that the launch of Melania's token led to a significant sell-off in TRUMP, causing its value to plummet by as much as 40%.
Purchasing the MELANIA coin can be done in 4 simple steps. Below is a step-by-step guide to assist you in this process.
Note: The guide is only for educational purposes. Transak does not provide any financial advice. Meme coins are highly speculative and carry significant risk. Do your own research before investing.
Before purchasing MELANIA, you need a wallet that supports the Solana blockchain. Phantom and Trust Wallet are popular options for Solana assets. Ledger is a popular choice among hardware wallets.
Let’s use Trust Wallet for the purposes of this guide.
What is a wallet address? Read here.
To acquire MELANIA coin, you'll first need to purchase SOL, the native token of the Solana blockchain, which will be used to exchange for MELANIA coin.
Note: You can also buy SOL within the Trust Wallet app or extension via Transak.
After completing the purchase, verify that the SOL tokens have been successfully transferred to your Trust Wallet.
To swap SOL for MELANIA coin, you'll need the official MELANIA coin contract address.
Contract address for MELANIA: FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P
With SOL in your wallet and the MELANIA coin contract address at hand, you can proceed to exchange SOL for MELANIA coin using the wallet’s “Swap” feature.