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Cryptos are blowing up, drawing in folks from all walks of life who are chasing those big bucks. Known for their wild ups and downs, these online coins offer a chance for hefty profits. Big names like Bitcoin and Ethereum cleared the path for other players, including some head-turning projects linked to famous faces.
Yep, even the Trumps are getting in on the crypto game. Here's the scoop:
These moves show how cryptos are worming their way into areas like politics. Investors and traders are keeping a keen eye on these happenings, thinking it might push digital money into the everyday finance and shopping scene.
The incoming president, Donald Trump, who will be inaugurated for the second time on Monday, also launched his own cryptocurrency — a digital asset inspired by online communities and internet memes — on Friday through the Solana Blockchain network. The $TRUMP coin was trading at $53.74, down 20% from its initial price. According to CoinMarketCap, this made it the largest meme coin on the Solana network by market capitalization. Melania Trump's token was in fourth place at the time, according to CoinGecko.
On the official website of the meme coin, potential buyers are warned that Melania memes are not intended to be an investment opportunity or a security of any kind. They are digital collectibles that serve as a way to express support for and engagement with the values represented by the symbol MELANIA and the associated artwork. The website for the Trump token promotes the cryptocurrency as a piece of history, with Trump himself being referred to as the «crypto president».
Trump, who has previously expressed support for cryptocurrencies and is reportedly planning to issue an executive order making digital assets a national priority, has promised to release 1 billion «Official Trump» tokens over the next three years. At the time of the token's initial release, at least 200 million of these coins entered circulation.
Right after the big hype around $TRUMP, Melania Trump is making waves in the crypto world with her own cryptocurrency: $MELANIA meme coin. Rolled out by her company, MKT World LLC, it's already catching eyes in the financial community. Right now, $Melania Coin is valued at an impressive $1.7 billion in the market.
Steps to Get $Melania Coin
Ready to grab some $Melania Coin? Follow this easy-peasy guide:
Follow these straightforward steps, and you’ll be on your way to trading $MELANIA Coin across different platforms.
So, Donald Trump was the first among the Trump family who has dipped his toes into the crypto pond with his very own meme coin. It’s on the Solana Blockchain, which tech folks love because it's fast and can handle a lot at once. By Monday, this new player in town was already down 20%, sitting pretty—or maybe not so pretty—at $53.74. Regardless of the drop, it swiftly became the top meme coin on Solana by market cap, shaking up the crypto scene quite a bit.
At its debut, 200 million out of a billion planned "Official Trump" tokens were rolled out. This hefty start meshes with Trump's bigger picture: making digital assets a big deal nationwide. Word around town is he’s even thinking about an executive order to push digital currencies into the limelight of the national economy.
With the $TRUMP coin stepping into the ring, it’s clear cryptocurrency isn’t just for tech geeks anymore—it’s muscling its way into politics and finance. Investors giving this a look-see should weigh its potential and how it lines up with the bigger game plan Trump might be playing.
Dipping your toes in the cryptocurrency pool, especially when it's linked to well-known personalities, requires some serious thinking and planning. It's a jungle out there!
Market whizzes have a simple message: tread carefully when dealing with meme coins like the ones the Trump clan rolls out. According to Grzegorz Drozdz from Conotoxia, these coins are a wild ride—totally unpredictable with roller-coaster price swings. Yes, that means they can flop just as easily as they can skyrocket.
How the Market Reacts and Shakes
When a new coin enters the scene, it can shake things up quite a bit. Take the debut of "Melania" token, for instance—it caused the "Official Trump" coin to nosedive nearly 40%! The market nerds at The Kobeissi Letter caught this wild drop, pointing out how touchy these investments can be.
So, if you're thinking about jumping on the meme coin bandwagon, especially those in the Trump orbit, consider grabbing a safety harness. You gotta be ready for things to go up, down, and all around!