MELANIA meme coin soars over 50%, Bitget joins the hype

MELANIA perpetual contracts based in USDT are coming to Bitget after the first lady’s meme coin begins to make market waves hours after launch.

Bitget is launching USDT ( USDT )-based MELANIA perpetual contracts on its platform, offering up to 20x leverage for traders who wish to trade contracts on the fairly fresh Melania Trump-inspired meme coin .

The contract will be available for trading on the crypto exchange platform starting from Jan. 20, 2024 at 04:30 UTC. In addition, contract trading for MELANIAUSDT will be open for trading bots alongside the major launch. Bitget has set a minimum price range of 0.001, but warned that it may adjust parameters based on market volatility.

At the time of writing, MELANIA has already gone up by nearly 54% in the market. Despite being launched just a few hours ago, the meme coin has accumulated a market cap of more than $1.5 billion and a trading volume of above $4.6 billion, according to CoinGecko .

Price chart depicting the fluctuations of MELANIA hours after its launch | Source: CoinGecko

Is MELANIA outpacing TRUMP?

The Melania meme coin is now trading hands at $11.41. The token was first launched on Jan. 20, 2025, a day after President-elect Donald Trump launched his own cryptocurrency, TRUMP ( TRUMP ). According to the official website for MELANIA, the token is based on the Solana blockchain and can be bought using a card or with cryptocurrency.

As previously reported by crypto.news, TRUMP’s market cap fell by 55% shortly after MELANIA was launched. Despite this drop, the Trump token is still looming large with a market cap of over $11.7 billion, having gained a listing on HashKey Global on Jan. 19.

Though it did experience massive selling pressure after MELANIA’s launch, with sell orders outweighing buy orders by more than $100 million one hour after the launch of MELANIA. TRUMP is currently valued at $59.32 after a slight decrease of around 5% in the past hour.