Mon, 20 Jan 2025

Melania Trump launches her own cryptocurrency

$Melania is announced a day after President-elect Donald Trump launched his own cryptocurrency, $Trump.
The $MELANIA coin has seen volatile trade and currently has a market valuation of around $1.3bn (£1bn). $MELANIA is based on the Solana blockchain and was announced through social platform X. A disclaimer on the website says it "is not intended to be, or the subject of" an investment opportunity or a security. The move follows President-elect Donald Trump's launch of the $TRUMP cryptocurrency, which has also seen volatile trade but currently has a market valuation of around $8.7bn (£7.1bn). President-elect Trump had previously called cryptocurrency a "scam", but during his 2024 election campaign accepted digital assets as donations and vowed to create a strategic bitcoin stockpile. The move has sparked expectations that he will strip back regulations on the crypto industry. Other cryptocurrencies, including dogecoin, have risen sharply this year, with some even reaching record highs.
  >>