Melania Trump, who is the incoming First Lady of the United States, has launched a cryptocurrency called $MELANIA ahead of her husband, Donald Trump,’s inauguration as president. The announcement comes just a day after Donald Trump launched his own cryptocurrency, $Trump. Both coins have seen gains but also volatile trading.
According to CoinMarketCap data, the $Trump cryptocurrency has a market cap of about $12 billion, while $Melania stands at about $1.7 billion. The move comes after Trump pledged to support cryptocurrencies during his 2024 campaign, accepting digital assets as donations and promising to create a strategic reserve in Bitcoin. Following his election victory, Bitcoin hit a record high, reaching $140,000 per unit. Other cryptocurrencies such as Dogecoin, promoted by Elon Musk, have also seen significant growth this year.
