Melania Trump launched her own cryptocurrency ahead of her husband's inauguration

Melania Trump, the wife of elected U.S. President Donald Trump, decided to launch her own cryptocurrency called $Melania. This cryptocurrency was named similarly to the meme coin $Trump. Melania Trump announced the launch of the cryptocurrency on the Truth Social platform. According to CoinMarketCap, one meme coin of Melania can currently be purchased for $0.03.

On Friday, U.S. President Donald Trump announced the creation of his own cryptocurrency. This announcement via Trump's official accounts on social media (previously on Twitter) and Truth Social generated excitement in the cryptocurrency world.

The trading volume of meme coins exceeded 11 billion dollars in a day, while the total market capitalization of this cryptocurrency exceeds 10.5 billion dollars. Currently, the price of one $TRUMP meme coin is approximately $50.

Previously, Bloomberg reported that Trump plans to issue an order declaring the development of cryptocurrency a national priority for the United States. The politician's inauguration will take place today, January 20.

Meme coins are cryptocurrencies created as a social experiment. Their value depends on the popularity of the phenomenon on which they are based. For example, meme coins like politifi are created to support a specific political figure. The value of such meme coins depends on the level of support for that politician. Cryptocurrencies of this type have no real value or use and are merely speculative financial instruments.

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