President of the USA of America, Donald Trump’s spouse, Melania Trump, launched her official cryptocurrency meme known as $MELANIA on Monday, January 20.
“The Official Melania Meme is reside! You should purchase $MELANIA now,” stated Melania Trump in a social media publish on platform X.
Donald Trump grew to become the forty seventh President of the USA as he was sworn in his duties on Monday, January 20.
Like Donald Trump’s $TRUMP, the $MELANIA coin is a Solana blockchain-based cryptocurrency. The Melania Trump meme coin additionally made a stellar debut on the primary day because it gained practically 84 per cent to succeed in an all-time excessive, in keeping with knowledge collected from CoinMarketCap.
$MELANIA coin beneficial properties right now
The Melania meme coin “$MELANIA” is buying and selling 5.4 per cent greater at $7.72 as of 9:56 p.m. (IST), in comparison with $7.41 on the launch right now. $MELANIA market capitalisation (MCap) stands at $1.47 billion, in keeping with CoinMarketCap knowledge.
The buying and selling volumes within the final 24 hours stand at $5.9 billion. The meme coin hit its all-time excessive at $13.64, with buying and selling volumes at $3.26 billion. The coin’s MCap was at an all-time excessive of $2.21 billion.
In accordance with the official knowledge, the overall provide for the $MELANIA coin will likely be capped at 1 billion, and as of January 20, 19.22 per cent of 192.21 million cash are in circulation within the crypto market.
The beneficial properties in $MELANIA got here in distinction of the losses in Donald Trump’s $TRUMP because the cryptocurrency crashed practically 50 per cent forward of inauguration day.
$MELANIA coin’s aim?
In accordance with the official web site of the Melania coin, the $MELANIA is an official product from Melania Trump and is the one “Official Melania Meme.”
Customers should purchase the Melania meme cash through the web site utilizing a debit card or different cryptocurrency.
The crypto comes with a transparent disclaimer which says that, “Melania Memes are meant for amassing and leisure functions solely. They don’t seem to be monetary devices or investments. At all times do your personal analysis and by no means make investments greater than you’ll be able to afford to lose.”
The motive behind launching this meme coin is as an expression of help for the Donald Trump administration and the values related to the image of Melania.
Up to now, the crypto meme coin has given buyers returns, however amid the intense volatility, the $MELANIA additionally wiped off its preliminary beneficial properties and is buying and selling near its opening worth. Contemplating the final volatility of the crypto market, investments ought to be made after cautious consideration, exercising warning, and sound monetary recommendation.
Disclaimer: The views and suggestions made above are these of particular person analysts or broking corporations, and never of Mint. We advise buyers to examine with licensed specialists earlier than taking any funding choices.
