How Melania Trump began her cryptocurrency

Melania Trump, created a cryptocurrency on the eve of her husband’s inauguration

The new first lady, Melania Trump, created a cryptocurrency on the eve of her husband’s inauguration as president of the United States.

The news emerged a day after President-elect Donald Trump introduced the $Trump cryptocurrency. Two coins have appreciated, although their prices have fluctuated in the past weeks.

The Official Melania Meme is out!! You can buy $MELANIA now,” she stated on the social platform X on Sunday.

According to the site of the “Official Melania Meme,” this crypto asset runs on the Solana blockchain.
The websites of both the $Trump and $Melania coins contained disclaimers stating that they ‘are not an investment, security, or subject of an investment.’

Based on sources from the CoinMarketCap website, it is confirmed that the cryptocurrency $Trump has a market capitalization of approximately $12 billion (£9.8 billion), while $Melania has a market capitalization of nearly $1.7 billion.

Though Trump had described it as a scam, the latter became the first presidential candidate to accept crypto donations during the 2024 campaign.

During the campaign, Trump also mentioned that he would accumulate a strategic reserve of Bitcoin and appoint pro-digital assets financial regulators.

That stirred the anticipation that he would reduce the restrictions surrounding the crypto industry.

The cryptocurrency rose to record a high after Trump’s victory. He currently trades at $140,000 through Coinbase, a popular platform.

David Sacks, GBR’s next AI and crypto czar, hosted a Crypto Ball on Friday in Washington, D.C.

Other cryptocurrencies, such as the currently very popular dogecoin – which stands to benefit from Tesla’s CEO Elon Musk, a known Trump supporter – have also soared this year.

Regulators said that their actions were precautionary measures against fraud and money laundering, while under Biden, they sued the exchanges.