Melania Trump Enters the Crypto Arena with Her Own Digital Coin

On the eve of her husband’s inauguration, Melania Trump has made headlines by launching her own cryptocurrency, named $MELANIA. This announcement comes on the heels of President-elect Donald Trump’s introduction of the $Trump cryptocurrency. Both digital currencies have experienced fluctuations in their trading values since their debut. Melania announced her coin on social media, stating, “The Official Melania Meme is live! You can buy $MELANIA now.” The $MELANIA asset is built on the Solana blockchain, according to its official site.

Both the $Trump and $MELANIA coins include disclaimers indicating they should not be viewed as investment opportunities or securities. As for their market valuations, $Trump currently stands at around $12 billion, while $MELANIA is valued at approximately $1.7 billion.

Interestingly, Donald Trump once criticized cryptocurrencies as a “scam” but later became the first presidential candidate to accept crypto donations during the 2024 election campaign. He also stated intentions to stockpile Bitcoin and appoint regulators with a more favorable outlook on digital currencies. Following his electoral win, Bitcoin’s value soared to unprecedented heights, currently trading at around $140,000 according to Coinbase.

The cryptocurrency market has been notably vibrant, especially following events like the “Crypto Ball” organized by David Sacks, who has taken a prominent role in AI and crypto affairs. The rise of various cryptocurrencies, including dogecoin, which has garnered attention from Trump supporter Elon Musk, reflects the increasing interest and volatility within the digital asset landscape. In contrast, the Biden administration has taken a more stringent approach towards crypto regulation, citing concerns over fraud and money laundering.