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Melania Trump Debuts $MELANIA Cryptocurrency as Inauguration Approaches

byVictory Amah
January 23, 2025
in Business, Global, Lifestyle, Tech
1
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Incoming First Lady Melania Trump has introduced her cryptocurrency, $MELANIA, just before her husband Donald Trump’s inauguration as the 47th President of the United States. This announcement follows closely after the President-elect launched his own $Trump cryptocurrency, highlighting the Trump family’s significant shift towards digital assets. 

On Sunday, Melania Trump announced the news on the social platform X, stating, “The Official Melania Meme is live! You can buy $MELANIA now.” The new cryptocurrency is based on the Solana blockchain, as its official website mentions. 

Both $Trump and $MELANIA have shown significant price fluctuations since their introduction, which is typical for digital assets. Disclaimers on the websites for both coins clarify that neither $Trump nor $MELANIA is meant to be an investment opportunity or a security. 

Despite this, there is notable market interest. According to data from CoinMarketCap, $Trump currently has a market valuation of $8.7 billion (£7.1 billion), while $MELANIA is valued at around $1.3 billion.

Donald Trump, who previously referred to cryptocurrencies as a “scam,” made a significant change during his 2024 presidential campaign by becoming the first candidate to accept digital assets as donations. He also proposed the establishment of a national Bitcoin reserve and committed to appointing financial regulators who support the crypto industry. These pledges have sparked hopes that the Trump administration will ease the strict regulations that were enforced during Joe Biden’s presidency.

This shift has already influenced the wider cryptocurrency market, with Bitcoin hitting a record high of $140,000 on the Coinbase trading platform. Under President Biden, regulators took a tough stance on the crypto industry, citing fraud and money laundering concerns.

 However, the Trump administration’s supportive approach to cryptocurrency has reignited enthusiasm. Dogecoin, a cryptocurrency often backed by Trump ally Elon Musk, has experienced significant gains along with other digital assets in 2025.

To further boost this momentum, David Sacks, the new AI and crypto czar, hosted a “Crypto Ball” in Washington, DC, last Friday to celebrate the industry’s potential under the new administration. The Trump family’s entry into cryptocurrency reflects a larger trend of digital assets becoming more accepted in both financial and political realms. As the Trump presidency commences, the global crypto community will be closely observing how these initiatives will influence the regulatory environment and foster innovation in the sector.

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Victory Amah

Victory Amah

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