Hours before President-elect Donald Trump’s second inauguration, incoming First Lady Melania Trump announced the launch of her own cryptocurrency.
“The official Melania meme is live! You can buy $Melania right now,” she shared on X.
The release of $MELANIA came shortly after Mr. Trump introduced his meme coin, which briefly impacted $TRUMP’s value before it recovered.
According to its official website, the $MELANIA cryptocurrency is created and tracked on the Solana blockchain.
Meme coins are cryptocurrencies inspired by characters, persons, animals or artwork.
View post here:
The official Melania meme is live!
You can now buy $MELANIA.
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
– Melania Trump (@MELANIATRUMP) 19 January 2025
The $Trump and $Melania coins have increased in value since their launch, but they are also subject to volatile trading. Independent Their respective websites emphasize that these are “neither intended to be nor should they be considered” cryptocurrency investment opportunities or securities, the report said.
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The $Trump website describes the token as a symbol of support for the incoming president.
“It’s time to celebrate everything we stand for: WIN! Join my exclusive Trump community,” Donald Trump said in a post on Twitter.
According to the CoinMarketCap website, the total market valuation of the $Trump meme coin is approximately $12 billion and the $Melania cryptocurrency is valued at just over $2 billion.
Mr Trump has proposed issuing an executive order to prioritize cryptocurrency policy as president, signaling a departure from the Biden administration’s approach, which focused scrutiny of the crypto industry on concerns related to fraud and money laundering. Is.
The president-elect campaigned on a promise to end “oppression” of the cryptocurrency industry and establish the United States as the world’s “Bitcoin superpower.”
