Melania Trump Launches Cryptocurrency Ahead of Inauguration

Melania Trump Launches Cryptocurrency Ahead of Inauguration

By Fly Cable News

On the eve of Donald Trump’s inauguration as the 47th President of the United States, Melania Trump introduced her own cryptocurrency, $MELANIA, marking a significant step in the Trump family’s growing involvement in the crypto world.

Taking to X (formerly Twitter) on Sunday, Melania announced, “The Official Melania Meme is live! You can buy $MELANIA now.”

Built on the Solana blockchain, $MELANIA is described on its official website as a crypto asset “not intended as an investment or security.” This follows the launch of $TRUMP, a cryptocurrency introduced earlier, which has gained substantial traction.

Trump’s Crypto Evolution
Despite previously dismissing cryptocurrencies as a “scam,” Donald Trump reversed his stance during the 2024 campaign, embracing digital assets. He became the first presidential candidate to accept crypto donations, pledging to stockpile Bitcoin and appoint regulators supportive of blockchain technologies.

This shift has energized the crypto market, with Bitcoin reaching an all-time high of $107,000 after Trump’s victory. Other assets, like Dogecoin, also surged, benefiting from the Trump administration’s crypto-friendly outlook.

Market Impact and Regulation
Currently, $TRUMP boasts a market valuation of $12 billion, while $MELANIA has reached $1.7 billion, according to CoinMarketCap. The circulating supply of $MELANIA stands at 62.21 million coins, with its value increasing by 50.09% in the past 24 hours, reaching $11.02.

This comes in contrast to the previous Biden administration’s crackdown on the crypto industry, which included regulatory actions against major exchanges.

Crypto in Politics
At the recent “Crypto Ball” in Washington, D.C., hosted by AI and crypto advocate David Sacks, blockchain technology’s rising influence in politics was evident. High-profile supporters discussed the potential of digital assets in shaping finance and policy.

Melania’s venture into cryptocurrency aligns with the Trump administration’s broader embrace of digital innovation, signaling a potential shift toward a more crypto-friendly regulatory landscape.