Stunning Debut: Melania Trump’s Cryptocurrency Hits £1.4 Billion Value in Minutes
On January 19, 2025, Melania Trump, the incoming First Lady, launched her own cryptocurrency token, $MELANIA, just a day after President-elect Donald Trump introduced his $TRUMP coin. Within minutes of its release, $MELANIA achieved a market valuation of approximately £1.4 billion (around $1.7 billion).
The $MELANIA coin is described as a digital collectible, reflecting values associated with Melania Trump. Both the $MELANIA and $TRUMP coins are intended for entertainment purposes and are not considered investment opportunities.
The launch of $MELANIA coincided with significant volatility in the cryptocurrency market. The $TRUMP coin, which had reached a peak price of $75, experienced a sharp decline to $40 following the announcement of $MELANIA. It later stabilized at $63 before falling again to $55.
These developments highlight the dynamic nature of the cryptocurrency market and the influence of high-profile figures on digital asset valuations.