- Melania Trump launches $MELANIA cryptocurrency ahead of inauguration, joining Donald Trump’s $Trump token.
- $Trump valued at $8.7 billion and $MELANIA at $1.3 billion as crypto prices soar amid Trump-era optimism.
- Bitcoin hits $140,000 following Trump’s election and promises of crypto-friendly policies.
Incoming First Lady Melania Trump has unveiled her own cryptocurrency, $MELANIA, just ahead of her husband Donald Trump’s inauguration as President of the United States.
The announcement, made via the social platform X on Sunday, comes shortly after President-elect Trump launched his own cryptocurrency, $Trump. Both digital coins have experienced significant price fluctuations since their introduction.
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“The Official Melania Meme is live! You can buy $MELANIA now,” Melania Trump shared online. According to its official website, $MELANIA is a crypto asset built and tracked on the Solana blockchain.
Both the $Trump and $Melania coin websites carry disclaimers stating that the tokens are “not intended to be, or the subject of, an investment opportunity or a security.”
Per CoinMarketCap, $Trump currently holds a market valuation of approximately $8.7 billion, while $MELANIA stands at around $1.3 billion.
Donald Trump, who once dismissed cryptocurrency as a “scam,” shifted his stance during the 2024 campaign, becoming the first presidential candidate to accept digital assets as donations. He also promised to create a strategic Bitcoin reserve and appoint crypto-friendly financial regulators, fueling speculation about deregulation under his presidency.
Bitcoin surged to record highs following Trump’s election victory, reaching $140,000 per coin, according to Coinbase. Other cryptocurrencies, including Dogecoin, which has been heavily promoted by Trump ally Elon Musk, have also seen significant gains this year.
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On Friday, David Sacks, the incoming AI and cryptocurrency advisor, hosted a “Crypto Ball” in Washington, D.C., celebrating the rising influence of digital assets.
Under outgoing President Joe Biden, cryptocurrency faced regulatory crackdowns over concerns about fraud and money laundering, with exchanges and companies frequently targeted by lawsuits.
