AsianFin -- Melania Trump on Sunday launched her own cryptocurrency token, $MELANIA, just one day before her husband's inauguration. The token's value skyrocketed to over $10.1 billion shortly after its debut, sparking a wave of speculation in the crypto community.
This move follows President-elect Donald Trump’s introduction of his own meme coin, $TRUMP, which briefly reached a market value of $14 billion before experiencing a significant decline.
Both tokens are positioned as digital collectibles, intended to foster support and engagement rather than serving as traditional investment assets. The $MELANIA website specifically states that the coin is "not intended" for investment purposes.
The emergence of these meme coins has ignited conversations about potential shifts in the cryptocurrency industry’s regulatory landscape under the incoming administration.
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