Shealah Craighead
Melania, the spouse of US President-elect Donald Trump, has revealed the debut of her own cryptocurrency, the $MELANIA memecoin. Mr. Trump revealed the introduction of his personal memecoin named $TRUMP on Saturday, January 18.
"Melania's official memecoin is now available for purchase," Melania Trump posted on social media X. Donald Trump shared her post.
The coin hit a market capitalization of nearly $5 billion within thirty minutes of its launch. Simultaneously, Mr. Trump's coin decreased by nearly 40% in light of his wife's cryptocurrency launch.
Donald Trump is openly supportive of the growth of the crypto industry. Following his win in the US elections, the Bitcoin exchange rate surpassed $100 thousand. During the summer of 2024 at the Bitcoin Conference, Mr. Trump vowed to terminate Joe Biden's policy regarding the "war on cryptocurrencies."
source: bloomberg.com
"Melania's official memecoin is now available for purchase," Melania Trump posted on social media X. Donald Trump shared her post.
The coin hit a market capitalization of nearly $5 billion within thirty minutes of its launch. Simultaneously, Mr. Trump's coin decreased by nearly 40% in light of his wife's cryptocurrency launch.
Donald Trump is openly supportive of the growth of the crypto industry. Following his win in the US elections, the Bitcoin exchange rate surpassed $100 thousand. During the summer of 2024 at the Bitcoin Conference, Mr. Trump vowed to terminate Joe Biden's policy regarding the "war on cryptocurrencies."
source: bloomberg.com
