Melania Trump, the incoming First Lady, has recently launched her own cryptocurrency meme coin, $MELANIA, leading to significant developments in the crypto market.
1. Launch of $MELANIA Coin:
- On January 19, 2025, Melania Trump introduced the $MELANIA meme coin on the Solana blockchain.
2. Impact on $TRUMP Coin:
- Following the launch of $MELANIA, the $TRUMP coin, previously introduced by Donald Trump, experienced a sharp decline of over 40% in its value.
3. Market Performance of $MELANIA:
- The $MELANIA coin quickly gained traction, reaching a market capitalization of approximately $5 billion shortly after its release.
4. Acquisition of $MELANIA Coin:
- Interested investors can purchase $MELANIA through its official website using debit cards or cryptocurrencies.
5. Ethical Considerations:
- The introduction of $MELANIA has raised ethical questions regarding potential conflicts of interest, given the close association with the incoming presidential administration.
In summary, Melania Trump’s entry into the cryptocurrency market with the $MELANIA coin has not only influenced the valuation of existing tokens like $TRUMP but also sparked discussions about the ethical implications of such ventures by individuals closely linked to political office.
