This Sunday, Melania smelled the right move by unveiling her own cryptocurrency ($Melania), valued at nearly 12 dollars at the time of writing. That’s a capitalization of more than $1.7 billion, while more than $162 million of Melania was put on the market.
Melania’s gesture allows her to amass a small jackpot in just a few hours. But this did not happen without a downside for her husband. The price of Trump’s crypto has indeed collapsed by more than 40 percent, resulting in a loss of more than $7.5 billion in market capitalization.
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This event led many to speculate that Melania’s new project could be linked to the decline of her husband’s cryptocurrency. Note that these two currencies are meme coins, i.e. assets similar to bitcoin, and which derive their value from the level of interest and commitment of the community. According to the project’s official page, the Trump meme corner was created to “express support and commitment”. Like other personalities before them, Donald Trump and Melania Trump are riding a media buzz to generate money with a purely speculative cryptocurrency, with no real investment value.
-“It’s a joke… But Donald Trump sometimes executes his ideas”
The Melania and Donald Trump memes were created by CIC Digital LLC, an affiliate of the Trump Organization, and Melania Trump’s incorporated company, MKT World LLC. Their creation led to other cryptocurrencies in its wake.
Also, bitcoin reached a new peak (+5.24% to $106,565.20), just like the Ethereum currency (+4.57% to $3,360.90) or even the crypto dogecoin (+3.60). % to 0.37 dollars).
