As a researcher, I’ve observed an intriguing trend in the market: The value of my study subject, Melania Trump’s crypto coin, surged up to 76% following Binance‘s announcement that they will be offering trading support for USDT-based perpetual contracts for MELANIA. This sudden increase suggests a positive response from investors and traders, indicating potential interest in this digital asset.
On January 20, 2025, at 09:30 UTC, Melania (MELANIA) will be introduced to Binance via USDT-backed perpetual contracts with a maximum leverage of 25x. These meme coin contracts will be accessible on the platform from this date. Notably, this launch follows the introduction of Binance’s TRUMPUSDT perpetual contracts on January 18, 2025.
On January 20th, Binance declared that the contracts will be settled using USDT with a tick size of 0.001. For MELANIA-USDT perpetual contracts, the maximum financing rate has been fixed at +2.00% and -2.00%. The fee for funding is calculated every four hours.
Minutes following Binance Futures revealing they’d introduce USDT contracts for MELANIA, this meme coin soared by 76%, reaching a value of $13.06. But the pace has now eased, with the token dipping to $12.59.
MELANIA coin on the rise
A short while before Binance made its announcement, other platforms such as Bitget and ByBit had already introduced perpetual contracts for both the MELANIA meme token and TRUMP (TRUMP).
Ever since it was introduced, the meme coin based on the incoming first lady has seen a trading volume exceeding $40 billion and a fully diluted market valuation close to $60 billion. Currently, the market capitalization of the Melania Meme Coin is around $1.8 billion, marking an increase of $300 million following Binance Futures’ announcement about their perpetual contracts launch.
Currently, TRUMP’s market capitalization stands at $11.7 billion, showing little fluctuation based on information from crypto.news. Regrettably, the official meme coin linked with Donald Trump has suffered a significant loss of approximately $7.5 billion following its crash post the launch of MELANIA.
Based on information from Arkham, a trader managed to convert approximately $680,000 of Solana into an astounding $30.4 million by acquiring 5,203,000 MELANIA tokens just two minutes after MELANIA’s launch, at a price of $0.13 per token. The trader presently maintains around 2.5 million MELANIA tokens, which are now valued at approximately $30 million.
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2025-01-20 11:36