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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.

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

Price Surge Comes as TRUMP and MELANIA Meme Coins Launched

Last Friday, Donald Trump announced the launch of his new cryptocurrency, Official Trump (CRYPTO: TRUMP). The token's price rocketed higher upon its debut and then saw some volatile trading over the weekend amid trends for the broader crypto market and investors taking profits on big short-term gains. The cryptocurrency is actually down 10.1% over the last 24 hours of trading as of this writing, but it's clearly gotten off to a strong start.

LONDON (Reuters) -The dollar fell broadly on Monday, while European stocks jumped, after an official for the incoming U.S. administration said President-elect Donald Trump would stop short of imposing tariffs at his inauguration, which takes place later in the day. European equity markets were firmly in positive territory in afternoon trading after the Wall Street Journal reported Trump would not impose import tariffs immediately after he's sworn in later on Monday. The dollar tumbled by as much as 1.3% at one point, falling particularly hard against the currencies of the United States' largest trading partners, such as the Canadian dollar, the Mexican peso, the euro and China's yuan.

The Nasdaq Composite gained 30% in 2024, while Ark Innovation ETF returned just 8.4%.