Follow Us on Google News
Melania Trump has followed her husband’s lead by launching a multibillion-dollar cryptocurrency meme coin amid a surge in digital currencies as he prepares to return to the White House.
“The Official Melania Meme is live! You can buy $MELANIA now,” she announced on the social platform X on Sunday.
The “Official Melania Meme” is a crypto asset created and tracked on the Solana blockchain. The $MELANIA meme coin is marketed by MKT World LLC, a Florida-based company owned by Melania Trump, formerly Knauss. After 30 days, the coin’s owners will be able to sell it themselves.
Meanwhile, the price of her husband’s coin, $Trump, surged to over $70 (£57), giving it a total value of more than $14 billion shortly after its Friday launch. However, the debut of Melania’s $MELANIA coin tempered those gains as investors shifted their attention to her coin.
Meme coins are a type of cryptocurrency inspired by internet memes, lacking inherent utility, and are known for their volatility. Traders often describe them as a “pure form of gambling,” likening them to “buying a lottery ticket.”