Melania Trump has introduced her own cryptocurrency.
Incoming First Lady Melania Trump has introduced a cryptocurrency just prior to her husband’s inauguration as President of the United States.
The announcement follows the launch of the $Trump cryptocurrency by President-elect Donald Trump. Both cryptocurrencies have experienced an increase in value, although they have also undergone significant fluctuations in trading activity.
The Official Melania Meme has been launched! She announced on the social platform X on Sunday that $MELANIA is now available for purchase.
The “Official Melania Meme” website states that it is a cryptocurrency asset developed and monitored on the Solana blockchain.
The disclaimers found on the websites for both the $Trump and $Melania coins indicated that they were “not intended to be, nor to serve as” an investment opportunity or a security.
As reported by the CoinMarketCap website, the total market capitalization of $Trump is approximately $12 billion (£9.8 billion), whereas $Melania’s market valuation is estimated to be around $1.7 billion.
Trump had formerly referred to cryptocurrency as a “scam”; however, during the 2024 election campaign, he became the inaugural presidential candidate to accept digital assets as a form of donation.
During his campaign, Trump expressed his intention to establish a strategic reserve of bitcoin and to appoint financial regulators who would adopt a more favorable approach to digital assets.
This generated anticipation that he would reduce regulations governing the cryptocurrency sector.
Following Trump’s victory, bitcoin surged to an all-time high and is presently trading at $140,000, as reported by the cryptocurrency trading platform Coinbase.
On Friday, David Sacks, the newly appointed authority on artificial intelligence (AI) and cryptocurrency, hosted a “Crypto Ball” in Washington, DC.
Various other cryptocurrencies, such as Dogecoin, which has received significant endorsement from prominent Trump supporter Elon Musk, have experienced substantial increases in value this year.
Under the administration of President Joe Biden, regulatory authorities expressed apprehensions regarding fraud and money laundering, leading to a stringent enforcement action against cryptocurrency firms through legal actions against exchanges.
