Catenaa, Monday, January 20, 2025- Melania Trump, the incoming first lady, launched a cryptocurrency called MELANIA on Sunday, just days after President-elect Donald Trump’s meme coin TRUMP ignited a market frenzy.
MELANIA surged past $5 per token shortly after its debut, giving it a fully diluted market valuation of over $5 billion.
The launch has further cemented the Trump family’s status as crypto billionaires while sparking concerns over potential conflicts of interest between their public roles and private ventures.
According to its official site, MELANIA has a supply of one billion tokens, with 35% allocated to the founding team.
This allocation will fully unlock in 13 months. Early blockchain data showed more than 22,000 wallets held the token by Sunday evening, reflecting rapid adoption.
The MELANIA coin’s rise caused a ripple effect in the market, with the TRUMP coin falling 36% to $44 on CoinGecko following the announcement.
MKT World, a company linked to Melania Trump, is behind the token, which appears to build on the popularity of the TRUMP coin.
Critics have questioned the ethical implications of such ventures, especially as the Trump family prepares to re-enter the White House.
