Melania Trump launches her own meme coin; within minutes, its market cap touches $12 billion. Here's the name and how the crypto market is reacting
Melania Trump has been undergoing a dream run as far as her own meme coin in the crypto world is concerned. The market cap of this newly launched meme coin has surged up to $12 billion within a matter of days. Meanwhile, her husband Donald Trump's own crypto coin is not doing as well, and many are connecting the President-elect's coin drop with his wife's coin's surge.
Budget with ET
India looks to bring more women into workforce
A game changing budget to revive India’s backbone — agriculture
How would you plan India's Budget? Give it a try
New currency by Melania shatters crypto records
The new digital currency backed by Melania Trump launched Sunday, and within a matter of hours of going live, the volume of traffic the coin generated across trading platforms was simply surreal.
And with that came the downfall of Donald Trump's own meme coin, even though he is supposed to take oath as US President in a few hours. therefore, there are chances that the Melania-Donald tussle in the crypto market could have caused this gain and surge nexus, as per reports.
'The Official Melania Meme is live', post came in on Sunday, and as soon as $MELANIA's purchase went live, the crypto community base simply switched all their attention to the coin's rising trend and pitched in with their respective buys, driving up its prices in the last couple of days.
FAQs:
Has Melania Trump launched her own memecoin? Yes, Melania Trump has launched her own meme coin this month, which is being termed $MELANIA, now available to invest into.
Art
