Melania Trump Launches $MELANIA Cryptocurrency Ahead Of Presidential Inauguration
Incoming First Lady Melania Trump has unveiled her own cryptocurrency, $MELANIA, on the eve of her husband Donald Trump’s inauguration as the 47th President of the United States. This announcement comes just a day after the President-elect launched his $Trump cryptocurrency, marking a remarkable pivot towards digital assets by the Trump family.
Background and Market Impact
On Sunday, Melania Trump shared the news via the social platform X, posting, “The Official Melania Meme is live! You can buy $MELANIA now.” The new crypto asset is hosted on the Solana blockchain, according to its official website.
Both $Trump and $Melania have experienced sharp price movements since their launch, reflecting the volatility often associated with digital assets. Disclaimers on the coins’ websites clarify that both the $Trump and $Melania coins were “not intended to be, or the subject of” an investment opportunity or a security.
Despite this, market interest is evident. Data from CoinMarketCap reveals that $Trump currently holds a market valuation of $8.7 billion, while $Melania’s value stands at approximately $1.3 billion.
Donald Trump, who once labelled cryptocurrencies a “scam,” made a notable shift during his 2024 presidential campaign by becoming the first candidate to accept digital assets as donations. He further proposed creating a national bitcoin reserve and pledged to appoint financial regulators who favor the crypto industry. These promises have fueled expectations that the Trump administration will roll back stringent regulations imposed during Joe Biden’s presidency.
