By : Lloyd Mahachi
Melania Trump, the incoming US first lady, has made a surprising move by launching her own cryptocurrency, just a day after her husband, President-elect Donald Trump, launched his own cryptocurrency, $Trump.
The new cryptocurrency, $Melania, was announced on the social platform X, with Melania Trump posting, “The Official Melania Meme is live! You can buy $MELANIA now.” This move has sparked interest and debate within the cryptocurrency community, with some analysts noting the potential implications for the market.
The launch of $Melania has caused a stir in the cryptocurrency market, with some analysts noting that it has led to a dip in the value of $Trump. Despite this, both coins have seen significant trading activity, with $Trump currently having a total market valuation of around $12 billion, while $Melania’s valuation stands at approximately $1.7 billion.
The Trump family’s foray into cryptocurrency has been met with both excitement and skepticism. Some have praised the move as a sign of the growing mainstream acceptance of cryptocurrency, while others have raised concerns about the potential risks and regulatory implications.
It’s worth noting that Donald Trump had previously expressed skepticism about cryptocurrency, calling it a “scam”. However, during his presidential campaign, he appeared to soften his stance, even accepting digital assets as donations. His administration is expected to take a more crypto-friendly approach, with the appointment of David Sacks as the incoming AI and crypto tsar.
The launch of $Melania has also sparked interest in the broader cryptocurrency market, with other coins such as dogecoin seeing significant gains. As the cryptocurrency market continues to evolve, it will be interesting to see how the Trump family’s involvement shapes the industry’s future.
The cryptocurrency market has been subject to significant regulatory uncertainty in recent years. Under President Joe Biden, regulators cited concerns about fraud and money laundering as they cracked down on crypto companies by suing exchanges. However, the incoming Trump administration is expected to take a more relaxed approach to regulation, which could potentially lead to increased adoption and growth within the industry.
As the Trump family’s involvement in the cryptocurrency market continues to unfold, it will be important to monitor the regulatory landscape and its potential impact on the industry. With the launch of $Melania and $Trump, the Trump family has certainly made a significant entrance into the world of cryptocurrency.
Editor : Josephine Mahachi
