Melania Trump's official meme coin, $MELANIA, has surged to a $1.7 billion valuation in under 24 hours. This launch follows Donald Trump's own crypto release, $TRUMP, and comes ahead of his inauguration. Both coins emphasize that they are not investment opportunities, while financial experts caution against investing in meme coins.
Melania Trump has launched her own cryptocurrency, garnering billions of dollars in a matter of minutes. The 'official Melania meme coin ' debuted less than 24 hours ago and is already valued at $1.7 billion. This launch precedes Donald Trump 's inauguration in Washington DC and follows closely on the heels of her husband's own crypto release, $ TRUMP , which experienced a dramatic surge and subsequent decline in value since its debut.
Melania took to X on Sunday to announce, 'The Official Melania Meme is live! You can buy $MELANIA now.' A staggering 20,000 individuals reportedly invested in the digital currency within the first hour.Melania's official website characterizes the coin as a means to 'show support for and engagement with the values embodied by Melania.' Both Melania's and Trump's meme coin websites emphasize that they were 'not intended to be, or the subject of,' an investment opportunity. The disclaimer states: 'Trump memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol '$Trump' and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type. GetTrumpMemes.com is not political and has nothing to do with any political campaign or any political office or governmental agency.'During his campaign, the president-elect pledged to make America 'the crypto capital of the planet.' Bitcoin, arguably the most renowned cryptocurrency, experienced a significant rise in value in the days following Donald Trump's victory against Kamala Harris. Following the launch of Trump's coin on Saturday, his son Eric hailed it as 'the hottest digital meme on Earth.' Financial experts have issued stern warnings against investing in so-called meme coins, which often experience dramatic surges in value before plummeting by as much as 90% in some cases. Anthony Scaramucci, a former Trump communications director, cautioned against investing in the coins, stating, 'The Trump memecoin stuff is bad for the industry. Don't delude yourself.'Trump will officially assume the presidency of the United States at today's historic inauguration ceremony, marking his second time entering the highest office in the United States. Last night, the incoming president celebrated his election victory 'on the eve of taking back our country' before a large gathering in the Capital One arena in Washington, DC. 'We won,' Trump told his supporters as he promised 'close to 100 executive orders' on his first day in office. He pledged mass deportations and took credit for TikTok coming back online after its outage and for achieving a ceasefire in the Middle East. He touched upon a variety of topics and made several promises, including to 'get wokeness out of the military,' 'get men out of women's sports.' He also reiterated baseless claims that the previous election, won by Biden, was rigged. 'Tomorrow at noon, the curtain closes on four long years of American decline, and we begin a brand new day of American strength and prosperity, dignity and pride. Bringing it all back once and for all,' the president-elect declared
Cryptocurrency MELANIA TRUMP Cryptocurrency Meme Coin Investment Inauguration Donald Trump Melania Trump $TRUMP $MELANIA
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