Soon and officially again, the first lady of the USA, Melania Trump, launched her own cryptocurrency ahead of the inauguration of her husband, Donald Trump, writes the BBC.
The announcement came a day after President-elect Donald Trump unveiled the $Trump cryptocurrency. Both currencies are experiencing growth, but also drastic ups and downs.
“The official Melania meme is live! Now you can buy $MELANIA,” Melania posted on Xu yesterday.
The Official Melania Meme website states that $Melania can be tracked on the Solana blockchain. The disclaimer on the $Trump and $Melania cryptocurrency websites also states that they are not intended as an investment opportunity and are not considered securities. According to data from the website CoinMarketCap, $Trump currently has a total market value of about $8.7 billion, while $Melania is worth about $1.3 billion.
The Official Melania Meme is live!
You can buy $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
Trump has previously called cryptocurrencies a scam, but during the 2024 election campaign, he became the first presidential candidate to accept digital assets as donations. During the campaign, Trump also announced plans to create a strategic bitcoin reserve and appoint financial regulators with a more positive attitude toward the digital asset. Expectations that Trump would deregulate the crypto industry fueled investor enthusiasm.
After Trump’s victory, bitcoin reached a record value, according to data from the platform Coinbase. Three days ago, the so-called king of artificial intelligence (AI) and cryptocurrency David Sacks organized the Crypto Ball in Washington. Other cryptocurrencies, including dogecoin promoted by arguably Trump’s most famous supporter Elon Musk, have also seen significant growth this year. During Joe Biden’s presidency, regulators, concerned about fraud and money laundering, launched lawsuits against crypto companies and increased oversight of the industry.
