Melania Memes, launched by soon to be US’ first lady, are fungible crypto assets created and tracked on the Solana blockchain
Published Date – 20 January 2025, 09:35 AM
Melania Trump
Hyderabad: Melania Trump, who launched her own cryptocurrency token just days after husband and US President-elect Donald Trump launched a meme coin of his own, has created quite a buzz in the crypto market.
“The official Melania Meme is live! You can buy $MELANIA now,” the incoming first lady posted on her social media accounts on Sunday while her husband’s rally was underway in Washington.
Melania Memes are fungible crypto assets created and tracked on the Solana blockchain.
Trump’s coin soared in value after it was announced late Friday, potentially boosting his net worth as he prepares to take office. “It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community,” Trump said in a social media post promoting the new tokens.
They are marketed with a picture of Trump holding a fist up superimposed over the words “FIGHT FIGHT FIGHT,” a reference to Trump’s response to an assassination attempt at a political rally in July.
In promoting the meme coin, Trump told supporters to “Have Fun!” The website selling the tokens says they are meant as expressions of support and not an investment opportunity.
The Trump meme coins started selling for $10 each before soaring to as high as about $70 as of Sunday morning. It fell sharply later Sunday after Melania Trump posted about a meme coin for her.
The Melania coin was trading for around $5 Sunday afternoon.
In rupee term, Melania Meme (MELANIA) is worth Rs 661.33 January 20, which is a 26 per cent decline from an hour ago and a 2.8% increase since January 19, according to coingecko.com.
Meme coins are a strange and highly volatile corner of the crypto industry that often start as a joke with no real value but can surge in price if enough people are willing to buy them. Dogecoin, the cryptocurrency whose mascot is a super-cute dog that muses things like “much wow,” is perhaps the most well known.
Critics said the Trump meme coin could be a dangerous way for special interests and foreign governments to try and buy influence with the president.
“Now anyone in world can essentially deposit money into bank account of President of USA with a couple clicks,” Anthony Scaramucci, a former Trump White House communications director, said on X.
How to buy $Melania Coin?
- $Melania can be purchased directly through her Melania Trump’s official website melaniameme.com by using either a debit card or cryptocurrency.
- Create a Solana Wallet
- Visit melaniameme.com and click on the ‘Connect wallet’ button to link your wallet
- Once your wallet is connected, you can purchase them using SOL (Solana). They will be delivered to your Solana wallet.
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