Melania Trump Launches $MELANIA Cryptocurrency

Melania Trump Launches $MELANIA Cryptocurrency Amid Crypto Craze

Melania Trump has unveiled her own cryptocurrency, $MELANIA, just ahead of her husband’s inauguration as the 47th US president. This announcement follows the recent launch of the $Trump cryptocurrency by President-elect Donald Trump.

Both coins have seen volatile trading but currently hold significant market valuations. According to CoinMarketCap, $Trump boasts a total valuation of $12bn (£9.8bn), while $MELANIA stands at approximately $1.7bn.

The $MELANIA coin is built on the Solana blockchain, known for its speed and low transaction costs. On Sunday, Melania took to X (formerly Twitter) to share her excitement: “The Official Melania Meme is live! You can buy $MELANIA now.”

Melania’s Crypto Move Follows Trump’s $Trump Coin Success

President-elect Trump, who once dismissed cryptocurrencies as a “scam,” has undergone a significant shift in his stance. During his 2024 election campaign, he became the first presidential candidate to accept digital assets as campaign donations.

Trump’s endorsement of crypto appears to have sparked widespread enthusiasm, with his $Trump coin surging to record highs. Following the election, Bitcoin also reached an all-time peak, trading at around $107,000 according to Coinbase.

Melania’s move to launch $MELANIA complements the growing momentum in the crypto industry as the couple cements its influence in this volatile market.

Cryptocurrency Boom Under Trump Administration

Expectations are high that the incoming Trump administration will ease crypto regulations, boosting investor confidence. President-elect Trump has pledged to create a strategic bitcoin stockpile and appoint regulators who take a more positive stance toward digital assets.

David Sacks, Trump’s incoming artificial intelligence (AI) and crypto tsar, has already hosted a “Crypto Ball” in Washington, DC, celebrating the sector’s growing influence.

Cryptocurrencies like dogecoin, championed by prominent Trump ally Elon Musk, have also seen substantial growth this year.

$MELANIA and $Trump Coins: Investment or Meme?

Both $MELANIA and $Trump coins feature disclaimers stating they are “not intended to be, or the subject of, an investment opportunity or a security.”

These disclaimers aim to protect the creators from legal scrutiny as meme coins are often extremely volatile. While some view these coins as part of the Trump brand’s marketing efforts, others see them as a way to align with the couple’s political and financial influence.

The $MELANIA coin is gaining traction, but whether it will achieve long-term stability or fade into meme coin history remains to be seen.

Cryptos to Watch: Bitcoin and Beyond

Bitcoin’s record surge is setting the stage for other cryptocurrencies, including $MELANIA and $Trump, to follow suit. The crypto market has rebounded strongly after President Biden’s administration had previously tightened regulations over concerns of fraud and money laundering.

As the Trump administration steps in, market players anticipate a more relaxed regulatory environment, creating new opportunities for crypto traders and investors alike.