As a researcher, I’m excited to announce that Perpetual Contracts, based on USDT, will soon be available on Bitget. This development follows the viral impact of the First Lady’s meme coin, which started causing ripples in the market shortly after its launch.
On their platform, Bitget is introducing perpetual contracts based on USDT (USDT), focusing on the Memelania meme coin. These contracts offer a potential leverage of up to 20 times for traders eager to engage in trades related to this recently popularized digital currency inspired by Melania Trump.
Beginning January 20, 2024 at 04:30 UTC, the contract can be traded on our crypto exchange platform. Furthermore, trading bots will also be able to trade MELANIAUSDT pairs simultaneously with the main launch. On Bitget, a minimum price of 0.001 has been established for this contract, but keep in mind that this may change due to market fluctuations and potential adjustments to parameters.
Currently, as I’m typing this, MELANIA has experienced an approximately 54% increase in value within the market. Remarkably, this meme coin was only recently introduced just a few hours ago and yet it has garnered a market capitalization exceeding $1.5 billion and a trading volume surpassing $4.6 billion, as reported by CoinGecko.
Is MELANIA outpacing TRUMP?
As an analyst, I’m sharing that as of now, the Melania meme coin is being exchanged at approximately $11.41. This digital asset made its debut on January 21, 2025, following the launch of President-elect Donald Trump’s cryptocurrency, TRUMP (TRUMP), the day prior. The Melania token, as stated on their official website, operates on the Solana blockchain and can be purchased using traditional payment cards or cryptocurrencies.
Previously mentioned in crypto news articles, TRUMP’s market value decreased by approximately 55% following the introduction of MELANIA. However, despite this significant drop, TRUMP tokens maintain a substantial presence with a market value exceeding $11.7 billion. Notably, these digital assets secured a listing on HashKey Global on January 19th.
Despite facing significant selling pressure following the debut of MELANIA, there was a substantial imbalance of sell orders over buy orders totaling over $100 million within an hour of its launch. At present, TRUMP is valued at approximately $59.32, having slightly dropped by around 5% in the last hour.
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2025-01-20 11:38