Melania Trump launches Crypto coin, $Melania
Melania Trump announced the launch of her cryptocurrency, ”$MELANIA” On the eve of her husband, Donald Trump’s inauguration as the 47th President of the United States.
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The initiative follows the earlier introduction of the $TRUMP cryptocurrency, both of which have surged since it was launched.
Melania took to X late Sunday, to share the news, “The Official Melania Meme is live! You can buy $MELANIA now.”
According to its official website, the $MELANIA coin is a crypto asset built on the Solana blockchain, a popular network known for its scalability and speed.
The website emphasizes that the coin is “not intended to be, or the subject of, an investment opportunity or a security.” Similar disclaimers are also present on the $TRUMP cryptocurrency’s site.
As of now, the $Trump cryptocurrency boasts a market valuation of approximately $12 billion (£9.8 billion), while $MELANIA has reached a valuation of around $1.7 billion, according to CoinMarketCap.
Punch reports that the circulating supply as of Monday morning is 62.21M. It is worth $11.02 at a 50.09% increase in the last 24 hours.
The rise of Trump-backed cryptocurrencies comes in stark contrast to the previous administration’s approach. The $MELANIA coin’s website specifies that its services are available only to individuals who can legally enter into binding contracts.
Users must be at least 18 years old or the age of majority in their jurisdiction to access the services. The website also reserves the right to terminate access for individuals who fail to meet these requirements.
As of today, Celebrity Note reports that a lot of people have become millionaires from investing in $Trump and $Melania. All coins with the name Trump are on the rise. Even Bitcoin is currently at its highest valuation.
Read also: Trump’s meme coin surges after few hours of launch
