Future US First Lady Melania Trump has released her own cryptocurrency on the eve of her husband’s inauguration. It’s called Melania, and it began to appreciate after its launch. Donald Trump will officially become the 47th President of the United States today. He released his own cryptocurrency $Trump the day before his wife, its price is also rising. This is reported by the BBC news site.
$MELANIA
“The official Melania meme is up and running! Now you can buy $MELANIA,” Trump wrote on Sunday on the social network X.
The websites for both the $Trump and $Melania coins state that they are not intended as investment assets. The two men’s cryptocurrencies are so-called memecoins, similar to dogecoin, which has been promoted by billionaire and Tesla automaker boss Elon Trump. Memecoins are often created for fun rather than as serious investments. These currencies often only gain value through community and popularity on social media.
Value
According to the website CoinMarketCap, $Trump has a total market value of approximately $12 billion (£294 billion), while the value of $Melania is around $1.7 billion. Trump’s currency depicting his assassination last year appreciated 73 percent to $46.06 in Asian trading today.
Trump has previously called cryptocurrencies a scam, but in the election campaign last year he became the first presidential candidate to accept digital assets as donations. The cryptocurrency community was surprised by the launch of Trump’s coin. That’s because investing in it drains liquidity from other established cryptocurrencies.
Source: Czech Press Office
