• Melania Trump has launched a meme coin called "Melania."
• The coin was announced on the eve of Donald Trump's inauguration as president of the United States.
• It comes days after President-elect Donald Trump launched his own meme coin, "Official Trump."

Incoming first lady Melania Trump launched her own meme coin ahead of her husband's inauguration as the 47^th president of the United States on Monday.

In a Sunday evening post on the X social media platform, she announced that investors "can buy $MELANIA now."

The Melania token was trading at $11.16 at 10:48 a.m. London time on Monday, up more than 50%, according to . It has a market cap of $2.15 billion.

Incoming President Donald Trump, who will be inaugurated for the second time on Monday, also — a cryptocurrency that takes inspiration from online communities and internet memes — on Friday via the Solana Blockchain network. On Monday, the "Official Trump" coin was down 20% to trade at $53.74 at 10:53 a.m. London time, .

Donald Trump's cryptocurrency was the largest meme coin on the Solana network by market cap at 10:35 a.m. London time, according to from CoinGecko, with Melania Trump's token in fourth place at the time.

In a disclaimer on the meme coin's , potential buyers are told that Melania memes "are digital collectibles intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA. and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type."

On the Trump token's , the cryptocurrency — depicted with an image of Trump raising his fist in the air — is marketed as "a piece of history," while Trump himself is branded "the crypto president."

Trump, who has in the past and is making the digital assets a national priority, has promised to release 1 billion "Official Trump" tokens in the coming three years. At least 200 million of this volume of coins entered circulation on the token's initial release.

Cryptocurrencies can be volatile. Bitcoin, the world's most valuable digital coin, has been known to rise or fall by thousands of dollars in a single day. Alternative coins, or "altcoins," like ether and XRP have proven even more more prone to fluctuations.

Tokens can be spun up by anyone with an internet connection. In 2021, a  off the back of hype surrounding the series — only to then lose virtually all of its value, .

Following the Sunday launch of the "Melania" token, the president-elect's "Official Trump" coin briefly crashed as much as 40%, according to analysts at The Kobeissi Letter .

— C온라인카지노사이트's Ryan Browne contributed to this report.