Melania Trump is launching her own cryptocurrency in the form of a meme coin: details
20 january 2025 в 19:13
Melania Trump is back in the news not only as the future First Lady, but also as the creator of her own cryptocurrency in the form of a meme coin.
«The official Melania meme is now available! You can buy $MELANIA now», - she wrote on X, which was reposted by her husband, Donald Trump, on the eve of his presidential inauguration.
After an initial launch price of around $ 7, Melania’s coin was trading at around $ 8 on Monday morning, with a market capitalization of $ 1.57 billion, according to CoinMarketCap.
Melania’s meme coin was released through her legal company, MKT World LLC — a firm she has been using since 2021 for various ventures, including selling portraits of herself as the First Lady.
Trump’s meme coin was initially sold for $ 10 each before rising to almost $ 70 by Sunday morning. However, its value sharply dropped later that day after Melania announced her own coin.
As of Monday morning, its value is around $ 51, with a market capitalization of approximately $ 10.3 billion, according to CoinMarketCap.
There have been concerns about the incoming president and First Lady launching meme coins, which are often volatile and part of the crypto industry that usually starts as a joke with little or no real value. Critics have warned that Trump’s meme coin could pose a risky opportunity for special interests and foreign governments to try to influence the president.
«Now anyone in the world can practically deposit money into the US president’s bank account with just a few clicks», - said Anthony Scaramucci, former White House communications director for Trump, on X.
Promoting the meme coin, Trump urged supporters to «have fun!» The website selling the tokens emphasizes that they are intended as a show of support, not as investment opportunities.
In December 2024, Haley Welch, known as «Hawk Girl», - launched a meme coin called HAWK, which skyrocketed on social media thanks to a viral TikTok video.
However, the 22-year-old influencer faced criticism after the value of her HAWK meme coin reportedly dropped by $ 440 million within the first 20 minutes.
The rapid decline led to financial difficulties for many investors, sparking outrage on social media that the cryptocurrency was a «pump and dump» scheme. One user on X expressed disappointment, saying: «You didn’t mention that you were going to buy 97% of the supply and almost immediately sell it to make a bigger profit. If I had known this information, I wouldn’t have bought your coin. Please help me or who can I turn to for a refund? Otherwise, I will have to take legal action».
Welch stated that she is fully cooperating with lawyers to resolve the issue.
«I take this situation very seriously and want to reach out to my fans, investors affected by this, and the wider community», - Welch said.
«I am fully cooperating and committed to helping the legal team representing the affected individuals, as well as helping to uncover the truth, hold those responsible accountable, and resolve this issue», - Welch added. «If you have suffered losses in connection with this, please contact Burwick Law»
«The official Melania meme is now available! You can buy $MELANIA now», - she wrote on X, which was reposted by her husband, Donald Trump, on the eve of his presidential inauguration.
After an initial launch price of around $ 7, Melania’s coin was trading at around $ 8 on Monday morning, with a market capitalization of $ 1.57 billion, according to CoinMarketCap.
Melania’s meme coin was released through her legal company, MKT World LLC — a firm she has been using since 2021 for various ventures, including selling portraits of herself as the First Lady.
Trump’s meme coin was initially sold for $ 10 each before rising to almost $ 70 by Sunday morning. However, its value sharply dropped later that day after Melania announced her own coin.
As of Monday morning, its value is around $ 51, with a market capitalization of approximately $ 10.3 billion, according to CoinMarketCap.
There have been concerns about the incoming president and First Lady launching meme coins, which are often volatile and part of the crypto industry that usually starts as a joke with little or no real value. Critics have warned that Trump’s meme coin could pose a risky opportunity for special interests and foreign governments to try to influence the president.
«Now anyone in the world can practically deposit money into the US president’s bank account with just a few clicks», - said Anthony Scaramucci, former White House communications director for Trump, on X.
Promoting the meme coin, Trump urged supporters to «have fun!» The website selling the tokens emphasizes that they are intended as a show of support, not as investment opportunities.
In December 2024, Haley Welch, known as «Hawk Girl», - launched a meme coin called HAWK, which skyrocketed on social media thanks to a viral TikTok video.
However, the 22-year-old influencer faced criticism after the value of her HAWK meme coin reportedly dropped by $ 440 million within the first 20 minutes.
The rapid decline led to financial difficulties for many investors, sparking outrage on social media that the cryptocurrency was a «pump and dump» scheme. One user on X expressed disappointment, saying: «You didn’t mention that you were going to buy 97% of the supply and almost immediately sell it to make a bigger profit. If I had known this information, I wouldn’t have bought your coin. Please help me or who can I turn to for a refund? Otherwise, I will have to take legal action».
Welch stated that she is fully cooperating with lawyers to resolve the issue.
«I take this situation very seriously and want to reach out to my fans, investors affected by this, and the wider community», - Welch said.
«I am fully cooperating and committed to helping the legal team representing the affected individuals, as well as helping to uncover the truth, hold those responsible accountable, and resolve this issue», - Welch added. «If you have suffered losses in connection with this, please contact Burwick Law»
© Kolganov Andrey
