Melania Trump Launches $MELANIA Cryptocurrency Amid Trump Inauguration
WASHINGTON – On the eve of her husband Donald Trump’s inauguration as President of the United States, Melania Trump announced the launch of her own cryptocurrency, the $MELANIA coin, via social media platform X. The announcement follows President-elect Donald Trump’s recent unveiling of his own digital asset, the $Trump coin, signaling a new frontier in the Trumps’ ventures.
Melania’s announcement read:
“The Official Melania Meme is live! You can buy $MELANIA now.”
The cryptocurrency, built on the Solana blockchain, promises fast transactions and low fees. However, the official website emphasizes that $MELANIA is not intended as an investment or security, discouraging speculative trading.
Performance and Market Context
Both $Trump and $MELANIA have experienced substantial market activity, albeit with typical cryptocurrency volatility. According to CoinMarketCap, $Trump boasts a market valuation of $8.7 billion, while $MELANIA holds its ground with a $1.3 billion market cap, reflecting strong initial interest.
The launch coincides with a record-breaking cryptocurrency market, as Bitcoin recently surged to an all-time high of $140,000, sparking renewed interest in digital assets.
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Changing Crypto Sentiments
Donald Trump’s shift in attitude toward cryptocurrencies has been notable. Despite previously labeling crypto a “scam,” Trump has embraced digital assets during his 2024 campaign. Not only has he accepted cryptocurrency for campaign donations, but he has also proposed initiatives such as a strategic Bitcoin reserve and plans to ease crypto regulations by appointing lenient financial regulators.
This stance contrasts sharply with the Biden administration, which imposed strict regulatory oversight on the crypto sector, citing concerns about fraud and financial crimes.
Broader Crypto Adoption
The launch of $MELANIA and $Trump coins reflects the growing integration of cryptocurrency within political and financial circles. This trend was highlighted during the “Crypto Ball” hosted in Washington, D.C., by David Sacks, the incoming AI and crypto czar. The event, attended by prominent figures like Elon Musk, underscores the deepening influence of crypto in politics.
While the $MELANIA coin adds a personal flair to the Trump family’s digital endeavors, it also symbolizes the broader adoption of blockchain technology and digital assets in reshaping financial and political landscapes.
