On Jan. 19, First Lady Melania Trump launched the Official Melania meme coin on the Solana ( SOL -13.16%) blockchain with the ticker $MELANIA. She followed in the footsteps of President Donald Trump's Official Trump meme coin, also launched on Solana a couple of days before, with the ticker $TRUMP.

Donald and Melania Trump launched new cryptocurrencies over the weekend. Some experts are advising investors to be cautious.

Now there's a $MELANIA meme coin to go with the $TRUMP cryptocurrency meme coin. Both coin prices rose to generate billions of dollars.

The launch of the $MELANIA token comes just two days after President-elect Donald Trump launched his own meme coin, which has since soared to a market cap of $10 billion.

The soon-to-be First Lady introduced $MELANIA on Sunday, after which her husband's meme coin saw a significant price drop.

Critics warn the token erodes any boundaries between the president’s political and business interests

"$MELANIA has plunged 80% from its peak, hitting a record low of $2.57 after a major whale sell-off. A crypto whale cashed out, making a $42.7M profit, triggering a 32% drop in a day and raising concerns over the token's future," CoinMarketCap reported on Friday.

The meme-coin frenzy surrounding President-elect Donald Trump’s launch saw twists and turns over the weekend following the launch of a coin celebrating his wife Melania.

Donald Trump launched $TRUMP cryptocurrency, a meme coin, days before his inauguration. It quickly reached over $32 billion in value. Melania has now launched her own.

John Deaton, who ran against Elizabeth Warren in the Massachusetts Senate race, talks about the state of politics on the national and local level,

Democratic lawmakers are asking federal regulators to look into legal and ethical questions around the meme cryptocurrency coins launched by Donald Trump.

President Donald Trump’s goodwill in the cryptocurrency industry has taken a hit after he and his wife launched meme coins — a move critics say looks like an unseemly cash grab that undermines an effort to legitimize digital assets.