Melania Trump has introduced a new cryptocurrency called $Melania just before the inauguration.
Melania Trump, the incoming First Lady, has announced her own cryptocurrency just days before her husband, Donald Trump, is inaugurated as the 45th President of the United States. This comes after Donald Trump introduced his own cryptocurrency called the $Trump coin. Both coins have experienced a lot of market activity, with prices going up and down.
The Official Launch of $Melania Coin
On Sunday, Melania took to social platform X to announce: “The Official Melania Meme is now live! You can purchase $Melania today.” This marks the official entry of Melania into the cryptocurrency space, aligning with her husband’s earlier $Trump coin launch.
The Official Melania Meme is live!
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
You can buy $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
Disclaimers and Market Value
Both the $Trump and $Melania coins come with disclaimers on their websites, clarifying that they are “not meant to be, or the subject of” investment opportunities or securities. According to CoinMarketCap, the $Trump coin is valued at approximately $12 billion (£9.8 billion), while the $Melania coin’s market value stands around $1.7 billion.
Trump’s Evolving Stance on Cryptocurrencies
Once a vocal critic of cryptocurrencies, Trump now embraces digital assets. During his 2024 presidential campaign, he became the first candidate to accept crypto contributions. As part of his campaign, the Trump family launched World Liberty Financial, a cryptocurrency firm aimed at disrupting traditional financial institutions.
The $Trump Coin and Its Controversies
The new $Trump coin was launched by CIC Digital LLC, an affiliate of the Trump Organization, which is also responsible for the release of crypto collectible NFTs in 2022. While these NFTs initially sold for over $1,000, their value has since dropped to around $300, according to CoinGecko.
Bitcoin’s Surge and Regulatory Changes
Trump’s presidential campaign platform included plans to create a Bitcoin reserve and appoint crypto-friendly regulators, fueling speculation about a potential easing of regulations on the crypto market. Following Trump’s victory, Bitcoin surged to a record high of $109,000, according to Coinbase.
Celebrating the Crypto Boom
On Friday, David Sacks, an incoming AI and crypto consultant, hosted a “Crypto Ball” in Washington, D.C., celebrating the growing influence of digital assets. Cryptocurrencies like Dogecoin—supported by Trump ally Elon Musk—have also seen significant growth this year.
Regulatory Scrutiny Under Biden
Under the Biden administration, regulators have raised concerns about fraud and money laundering, leading to increased scrutiny of crypto companies. This crackdown has resulted in legal actions against various crypto exchanges.
The Rise of Meme Coins
The success of Dogecoin has drawn more attention to “meme coins,” cryptocurrencies inspired by viral internet trends. Melania’s $Melania coin is part of this growing trend, launched by her company MKT World LLC. Since 2021, MKT World has also sold portraits of Melania as First Lady.
$Melania Coin Enters the Top 100 Cryptocurrencies
Meme coins can be created by anyone, and thousands currently exist. Thanks to its media coverage and social media presence, both the $Trump and $Melania coins have already entered the top 100 cryptocurrencies by market value. Notably, $Melania’s coin has surpassed the value of AI entrepreneur Sam Altman’s Worldcoin.
$MELANIA Cryptocurrency Meme Coin Crashes from $7.41 to $2.50
The chart reveals a sharp decline in the price of the $MELANIA cryptocurrency meme coin, falling from $7.41 to $2.50 over just six days. This highlights the extreme volatility and significant risks involved in investing in speculative meme coins.