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
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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.
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
