Incoming first lady Melania Trump launched a crypto token of her own on Sunday after President-elect Trump announced his crypto token, called $TRUMP coin, days before he returns to the Oval Office.

Melania Trump unveiled her cryptocurrency token, $MELANIA, on social media as the incoming president held a victory rally at Capital One Arena in Washington, D.C., on Sunday afternoon.

"The Official Melania Meme is live!" she posted on X. "You can buy $MELANIA now."

The token entered the market at just pennies, and by Sunday evening, was trading at over $10.

The website associated with $MELANIA shows that 15% of the tokens will be available for public distribution.

But according to the Wall Street Journal, the $MELANIA token caused the $TRUMP coin to crash more than 45% before it regained some of its value.

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