Washington, DC: US President-elect Donald Trump’s wife, Melania Trump, has launched her cryptocurrency ahead of Trump’s inauguration, CNN reported.In a social media post on Sunday, Melania Trump launched her cryptocurrency $MELANIA, tanking her husband’s cryptocurrency $TRUMP, which was launched two days ago.Meme coins are a type of highly volatile cryptocurrency inspired by popular internet and carry no intrinsic value, however, its price can rise or reduce.In a post shared on X on Friday, Trump wrote, “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW.The two coins are trading on the Solana blockchain. Trump’s meme coin witnessed a rise over the weekend and was trading at over USD 70 by Sunday afternoon, according to CoinGecko, CNN reported. However, the coin’s price reduced to USD 40 after Melania Trump launched her own coin.Since then, it has recovered some of those losses and was trading around USD 60 early Monday while $MELANIA was trading just over USD 12 early Monday, according to CoinGecko. $TRUMP is the first cryptocurrency which has been supported by Trump, who once said that bitcoin was “based on thin air.”