Melania Trump, the incoming First Lady, has launched her own cryptocurrency, $MELANIA or Melania coin, just before her husband Donald Trump is sworn in as President of the United States.
gave News It was shared on social media platform X, a day after President-elect Trump unveiled his own digital asset, the $Trump coin. Both cryptocurrencies have gained popularity in the volatile crypto market.
$Melania is officially live! You can buy it now,” Melania Trump posted on X, sending a flurry of attention from financial news outlets.
According to the company’s website, Melina Coin uses the Solana blockchain—a much more efficient system and, subsequently, amenable to higher fees than traditional platforms, such as bitcoin.
It claims that it does not classify itself as an investment or a means of protection but simply as an unregulated form of digital money available for mass use.
Both the $Trump and $MELANIA coins clearly state that they are not investment products.
Warnings on their websites instruct buyers not to treat them as standard financial instruments for returns.
CoinMarketCap reports that $Trump has a market capitalization of about $8.7 billion, while $MELANIA has a market capitalization of $1.3 billion, indicating that it is an early riser but quite influential in the crypto space.
Former President Trump, who previously denounced cryptocurrencies as a scam, has taken a more positive approach in his 2024 campaign.
He was the first major candidate to accept digital assets for campaign donations, fueling speculation about a possible shift in regulatory attitudes under his administration.
Trump has also proposed establishing a strategic reserve of Bitcoin and appointing regulators who would take a more lenient approach to overseeing the digital currency.
This policy shift has led many to hope for a more crypto-friendly regulatory environment in the future.
The introduction of the $MELANIA and $Trump coin coincides with a major cryptocurrency boom, as Bitcoin recently hit an all-time high of $140,000, according to Coinbase.
Another event that emphasized the growing importance of digital currencies was the “Crypto Ball” hosted in Washington DC by David Sachs, who will serve as an upcoming AI and cryptocurrency consultant.
Endorsements by celebrities, such as Elon Musk, have also contributed to the growing public interest in cryptocurrencies, such as Dogecoin, which has seen a huge price increase this year.
