The Melania Memecoin has quickly become one of the hottest topics in the crypto world. Launched by First Lady Melania Trump, the meme coin has experienced a significant price surge, climbing by over 80% in just 24 hours. Currently trading at $9.96, the coin has reached a market cap of $1.91 billion, positioning it among the top 100 cryptocurrencies by valuation.
The Melania Memecoin is a digital asset inspired by Melania Trump, designed as a satirical expression of support for her values. The official website emphasizes that the coin is not political and is not affiliated with any campaign or government agency. Despite this, the launch has raised eyebrows, especially following a decline in the value of Trump Coin, a previous memecoin associated with Melania’s husband, Donald Trump.
With 22,000 wallets already holding the token, the memecoin has sparked a wave of interest. However, experts caution that its growth may be driven more by hype than fundamentals. The tokenomics of the coin include a total supply of 1 billion MELANIA tokens, with allocations for the community, treasury, team vesting, and liquidity.
While the Melania Memecoin has captured attention for its rapid rise, market analysts are wary of a possible pump-and-dump scenario. As with most meme coins, investors should be cautious and mindful of the speculative nature of the asset.
Also read: Robinhood to List TRUMP Meme Coin Amid Growing Popularity
