Days after the launch of the Trump coin in the cryptocurrency market, a new meme coin, $MELANIA, has been introduced by Melania Trump, the former First Lady of the United States. The $MELANIA coin has quickly gained traction in the meme coin sector, sparking both excitement and controversy.
$MELANIA Coin Overview
| Feature | Details |
| Blockchain | Ethereum |
| Total Supply | 800 Million |
| Initial Availability | 150 Million Coins |
| Major Holders | Melania Trump Foundation (70%) |
| Launch Price | $25 |
| Market Cap | Over $8.5 Billion |
| Purpose | Meme coin representing empowerment and philanthropy |
Launch and Initial Performance
$MELANIA coin was announced on Sunday, swiftly capturing the attention of the cryptocurrency market. Within hours of its launch, the coin’s value skyrocketed, achieving a market capitalization of $8.5 billion by the evening.
In comparison, $TRUMP coin, introduced by Donald Trump earlier in the week, initially surged from approximately $6 to a peak of $75, achieving a market capitalization exceeding $14 billion. However, the launch of $MELANIA led to a decline in $TRUMP’s value, which settled at around $40. The rivalry between the two coins has created a unique dynamic, with both vying for investor attention and market dominance.
Market Reactions and Investor Gains
High-profile investors have reported substantial profits from their forays into $TRUMP and $MELANIA coins. For instance, Kyle Sandilands disclosed a $700,000 gain from a $10,000 investment in $TRUMP. Similarly, Dave Portnoy revealed a $1 million profit from a $500,000 investment, highlighting the lucrative, albeit volatile, nature of meme coin investments.
Despite these success stories, the introduction of these coins has raised questions about market manipulation and the ethical implications of leveraging political personas to promote cryptocurrencies. Critics argue that these actions could destabilize the market and undermine efforts to establish legitimacy within the crypto industry.
How to Buy $MELANIA Coin
Purchasing $MELANIA coin is a simple process, similar to buying other cryptocurrencies. Here’s a step-by-step guide:
- Set Up a Wallet: Ensure you have a cryptocurrency wallet that supports the token’s blockchain network (e.g., Ethereum or Binance Smart Chain).
- Choose an Exchange: Check whether $MELANIA is listed on popular platforms like Binance, Coinbase, or decentralized exchanges (DEX) such as Uniswap or PancakeSwap.
- Deposit Funds: Add funds to your exchange account or connect your wallet to a DEX. You can deposit fiat currency or use cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) to trade for $MELANIA.
- Search for $MELANIA: On the exchange or DEX, locate $MELANIA coin by entering its ticker symbol or contract address.
- Complete the Purchase: Specify the amount you wish to buy and confirm the transaction. Ensure you account for any transaction fees.
- Store Your Coins Safely: Transfer your purchased $MELANIA tokens to your secure wallet for long-term storage.
Current Crypto Market Snapshot
In parallel with the buzz surrounding MELANIA Coin, the broader cryptocurrency market continues to experience notable fluctuations:
- Bitcoin (BTC): Currently trading at $101,685.00 USD, with an intraday high of $106,307.00 and a low of $99,539.00.
- Dogecoin (DOGE): Priced at $0.361404 USD, with an intraday high of $0.399382 and a low of $0.347425.
These price movements reflect the evolving dynamics of the crypto market, influenced by political developments and investor sentiment.
The Future of $MELANIA
The success of MELANIA coin highlights the potential for meme coins to disrupt traditional financial markets. While some see these developments as a step toward mainstream crypto adoption, others view them as a distraction from the core principles of decentralization and financial inclusion.