Washington: Ahead of the US presidential inauguration of Donald Trump, the value of special meme coins named after the incoming president and his wife has seen a remarkable increase. As Bitcoin reached historic highs on Monday, the TRUMP coin and MELANIA coin have also witnessed significant growth in their market value.

According to Anadolu Agency, the TRUMP coin, which was released on January 18, has been trading between $38 and $75 over the past 24 hours and has seen a 700% increase in just two days. The market capitalization of TRUMP currently stands at approximately $11 billion, with a 24-hour trading volume of $47.4 billion.

In addition to TRUMP, another meme coin named MELANIA, announced by the incoming first lady Melania Trump just 12 hours ago, has also surged by 50%, reaching a value of $11. MELANIA's market capitalization is reported to be $2.13 billion, with transaction volumes hitting $4.55 billion.

It is uncommon, if not unprecedented, for products to be sold by the family of an incoming US president. However, outside his presidential role, Donald Trump has previously made headlines for promoting a range of products, including Bibles, non-fungible tokens (NFTs), and sneakers.

Following Trump's victory in the November elections, there has been anticipation of positive developments in the cryptocurrency markets, as Trump has pledged to make the US the 'crypto capital' of the world. In a statement last July, Trump expressed his vision for the future of cryptocurrency, declaring, "If crypto is going to define the future, I want it mined, minted and made in the USA. It is not going to be made anywhere else."