Donald and Melania Trump launched new cryptocurrencies over the weekend. Some experts are advising investors to be cautious.

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

Comment: Not long ago, meme coins as a long-term investment would have been dismissed as fanciful. The post $TRUMP and $MELANIA make crypto great again. Be careful. appeared first on Newsroom.

TRUMP, the third-largest meme coin after Dogecoin and Shiba Inu, saw over $38 billion in trading volume since its launch. The INX Digital Company, a regulated marketplace for trading crypto assets announced the listing of Solana SOL $227.

President Donald Trump and the first lady released their own cryptocurrencies. Experts compare them to Beanie Babies and dogecoin.

Most of the major cryptocurrencies are in the green Friday morning, including Bitcoin and Dogecoin, but Trump's Solana token sits in the red.

Donald and Melania Trump's respective tokens have stolen the spotlight from Dogecoin and other long-running meme coins.

The cryptocurrency Dogecoin ( DOGE -1.12%) saw its value sink this week. The meme coin is trading 15.5% lower as of 4:40 p.m. ET on Jan. 23 but was down as much as 17.5% earlier in the week. The slump comes as the S&P 500 gained 2% and the Nasdaq 100 gained 2.1% on the week.

The rise of $TRUMP and $MELANIA, inspired by the current U.S. President and First Lady, is driving meme coin growth. MIND shows shifting investor views.

Carson Block, founder and chief investment officer of Muddy Waters Capital, said he "wouldn't touch" the coins.

Crypto asset manager Bitwise has uploaded documents to launch an exchange-traded fund (ETF) tied to the price of dogecoin (DOGE), a filing with the US. Securities and Exchange Commission on Tuesday shows. The filing, an S-1 document, is a requirement for companies seeking to issue a new security and be listed on a public stock exchange.

Carson Block, founder and chief investment officer of Muddy Waters Capital, said he "wouldn't touch" meme coins.