Melania Trump Joins the Crypto Revolution with $Melania Coin Launch
On the eve of her husband Donald Trump's inauguration as the 47th president of the United States, Melania Trump unveiled her own cryptocurrency, the $Melania Coin, adding to the buzz surrounding the Trumps' entrance into the digital asset space.
WASHINGTON, D.C.: On the eve of her husband Donald Trump's inauguration as the 47th president of the United States, Melania Trump unveiled her own cryptocurrency, the $Melania Coin, adding to the buzz surrounding the Trumps' entrance into the digital asset space.
The announcement, made on Sunday via Melania’s official X account, comes just a day after Donald Trump launched the $Trump cryptocurrency. Both coins have seen a meteoric rise but remain highly volatile.
"The Official Melania Meme is live! You can buy $MELANIA now," she posted.
The $Melania Coin, built on the Solana blockchain, is described as a crypto asset designed primarily for community engagement rather than investment. The coin’s website clearly states it is not intended to serve as a security or investment opportunity.
Trump’s Crypto Legacy Grows
While $Trump holds a market valuation of approximately $8.7 billion, according to CoinMarketCap, the $Melania coin has reached a valuation of $1.3 billion within hours of its launch.
Donald Trump’s surprising pivot toward cryptocurrency—from labeling it a "scam" to becoming the first U.S. presidential candidate to accept crypto donations during his 2024 campaign—has been a driving force behind the surge in digital asset interest.
On the campaign trail, Trump pledged to create a "strategic bitcoin stockpile" and implement crypto-friendly financial regulations. These promises fueled the cryptocurrency market, with bitcoin surging to an all-time high of $140,000 on Coinbase following Trump’s election victory.
A Strategic Shift in Crypto Regulation
Trump's administration has already signaled a shift in crypto policy, appointing David Sacks as the AI and crypto czar. On Friday, Sacks hosted a "Crypto Ball" in Washington, D.C., highlighting the administration’s plans to embrace digital innovation.
This comes in stark contrast to President Joe Biden’s tenure, during which regulators frequently cracked down on crypto exchanges, citing concerns over fraud and money laundering.
Ripple Effect in the Market
The launch of $Trump and $Melania coins has invigorated the broader crypto market. Dogecoin, often promoted by Trump ally Elon Musk, has seen significant gains this year, further amplifying the momentum.
As the Trumps cement their presence in the cryptocurrency world, analysts are keeping a close eye on the administration’s potential to reshape the digital asset landscape.
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