Silke Mayr $Melania Debuts Following $Trump Cryptocurrency Release
Melania Trump has introduced her own cryptocurrency, $Melania, just before her husband’s presidential inauguration. This announcement follows Donald Trump’s launch of the $Trump cryptocurrency. Both tokens have experienced significant gains but remain highly volatile.
“The Official Melania Meme is live! You can buy $MELANIA now,” Melania posted on X (formerly Twitter) Sunday. According to its website, the “Official Melania Meme” is a crypto asset powered by the Solana blockchain.
Disclaimers on both $Trump and $Melania websites clarify that the coins are not investment vehicles or securities.
Crypto Valuations and Broader Impact
CoinMarketCap reports $Trump’s market value at approximately $12 billion, while $Melania stands at $1.7 billion. Despite previously calling cryptocurrency a “scam,” Donald Trump embraced digital assets during his 2024 campaign. He allowed crypto donations, proposed a strategic bitcoin reserve, and advocated for pro-crypto financial regulators. These moves fueled expectations of lighter regulations on the industry.
After Trump’s electoral win, bitcoin soared to record highs, currently trading near $107,000, per Coinbase. On Friday, David Sacks, the incoming AI and crypto leader, hosted a “Crypto Ball” in Washington, D.C., marking the administration’s support for blockchain innovations.
Other digital currencies, like dogecoin, also saw sharp increases this year. Promoted by Trump ally Elon Musk, dogecoin reflects the broader crypto market’s resurgence. Meanwhile, under President Biden, regulators targeted crypto firms over fraud and money laundering concerns, leading to lawsuits against several exchanges.