Melania Trump launches cryptocurrency on eve of inauguration

Published On Jan 19, 2025, 10:54 PM

Melania Trump has launched her own cryptocurrency named $MELANIA just before her husband Donald Trump's inauguration as president. This move comes soon after Donald Trump introduced the $Trump cryptocurrency. Both tokens are experiencing volatility, and Melania's coin is based on the Solana blockchain. Initial valuations indicate $Trump has a market cap of about $8.7 billion while $MELANIA's market cap is around $1.3 billion. Although Trump had previously criticized cryptocurrencies, he has indicated a more accommodating stance towards digital assets during his campaign, leading to increased speculation and investment within the sector, particularly with a recent spike in Bitcoin's value following Trump's electoral win.