Melania Trump has launched her own cryptocurrency, the $MELANIA coin, just ahead of her husband’s inauguration as President of the United States. This announcement came shortly after her husband, President-elect Donald Trump, introduced his own digital currency, the $Trump coin. Both coins have experienced significant value increases, though their trading has been volatile, as is common in the emerging crypto market.
On social media platform X, Melania Trump shared, “The Official Melania Meme is live! You can buy $MELANIA now,” with the coin quickly gaining attention from financial news outlets.
Read more: $TRUMP Meme Coin on Solana Soars to $8 Billion Market Cap in Just Hours
According to the official website, $MELANIA is built on the Solana blockchain, which is known for its faster transaction speeds and lower fees compared to Bitcoin. The website includes a disclaimer stating that the coin is not intended as an investment or security.
Both $Trump and $MELANIA coins share similar messages, emphasizing that they are digital assets without promises of investment returns. Market data from CoinMarketCap reveals that $Trump has a market capitalization of around $8.7 billion, while $MELANIA’s stands at $1.3 billion, indicating a smaller but significant presence in the cryptocurrency world.
Despite having previously criticized cryptocurrencies as a “scam,” Donald Trump has shifted his view, especially during his 2024 election campaign. He became the first major political candidate to accept crypto donations, raising expectations that a Trump administration might embrace a more crypto-friendly regulatory approach. He has also proposed building a bitcoin reserve and appointing financial regulators who would adopt a more lenient stance toward digital currencies.
The launch of $MELANIA and $Trump coins comes amid growing cryptocurrency trends, with Bitcoin recently reaching a record high of $140,000, according to Coinbase. This surge aligns with events like David Sacks’ “Crypto Ball” in Washington, D.C., further demonstrating crypto’s growing political influence. High-profile figures such as Elon Musk have also been influential in promoting digital currencies like Dogecoin, which has seen significant gains this year.
In contrast, the Biden administration has ramped up its scrutiny of the crypto industry, citing concerns over fraud and money laundering, with several lawsuits against major exchanges highlighting increasing regulatory oversight.
