Melania Trump Enters the Crypto Scene with Her Own Meme Coin
In a surprise move, Melania Trump, the incoming First Lady of the United States, has launched her own meme coin, dubbed $MELANIA, just ahead of her husband’s inauguration as the 47th President. The announcement was made on the X social media platform on Sunday evening, inviting investors to “buy $MELANIA now.”
A Rapid Rise in Value
As of Monday morning, the Melania token was trading at $10.98, marking a significant 50% increase, according to CoinMarketCap data. The coin’s market capitalization has reached an impressive $2.11 billion.
Following in Her Husband’s Footsteps
This development comes on the heels of Donald Trump’s own meme coin launch on Friday, which saw a staggering 300% surge on its debut. Although the “Official Trump” coin has since experienced a 8.5% decline to $52.35, its initial success has undoubtedly paved the way for Melania’s entry into the crypto market.
A New Era for Meme Coins?
As the Trumps make their mark on the cryptocurrency landscape, it remains to be seen how their meme coins will perform in the long run. One thing is certain, however – this unexpected foray into the world of crypto has sent shockwaves through the financial community.
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