Melania Trump launches meme coin as crypto conflicts worry experts

Subhan N

Coin of the President-elect’s $Trump has more than doubled in value, before slowly returning on the Sunday prior to his the president’s inauguration

The new US First Lady, Melania Trump, has taken her husband’s advice by launching a multibillion dollar cryptocurrency meme coin, causing conflicts of interest as the Trump administration prepares to ease regulation on the highly volatile and controversial assets.

Digital currencies soared in value in the last few days as Donald Trump prepared to return to the White House. The decision to introduce crypto currencies on the day of his inauguration frightened experts on presidential ethics.

Its price for the newly elected Trump’s presidential token, $Trump was up by more than 70 dollars (PS57) and gave the coin a value of over $14 billion just after its official launch on Friday. However, the announcement of his wife’s cryptocurrency, $Melania, slowed the gains of investors who poured on to her other coin.

“This may represent the single worst conflict of interest in the modern history of the presidency,” Norman Eisen an ethics advisor who served as a former official within the Obama administration spoke to in the Washington Post. Trump is in “the most profound conflict of interest” in the crypto industry He also cited the fact that he wanted to gain “seeking to gain” and regulate the sector.

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The cryptocurrency market has seen significant growth following Donald Trump’s victory in November, as he announced plans to de-regulate the market.

This morning, Bitcoin – which is the most well-known digital currency in the world was able to hit a record-breaking highest of $109,241, rising by a whopping 5%. Dogecoin – which was called by billionaire Trump-loving billionaire Elon Musk as the “people’s crypto” – gained almost 5%, whereas Ethereum gained 3.5 percent to $3,384.

Trump who will take office on the morning of Monday tweeted on social media to announce his inauguration token was launched: “It’s time to celebrate all that we represent”WINNING!” Join my exclusive Trump Community. GET YOUR $TRUMP NOW.”. According to the website of the meme coin the company owned by Trump, CIC Digital LLC, will hold around 80% of the supply.

The token quickly made it to the 20th spot among all cryptocurrency. This was the size of the stampede, according to blockchain experts that it took liquidity away from the the market, and caused other currencies to lose value because traders sold their current assets to invest in Trump’s.

Melania Trump’s debut was reportedly to have an unexpected effect in the marketplace, since certain traders traded his meme’s currency to find an opportunity to buy. “The Melania Meme is officially available! You can purchase $MELANIA right now,” she posted on X the site, and it was republished by her husband.

Following the launch of $Melania, the value of $Trump plunged by 50 percent between $75 and $30 before rebounding gradually in the following hours until it was around $64. The market capitalisation for $Melania soared up to $13 billion.

“This is beyond insane,” analysts from The Kobeissi Letter posted on X. “Less less than 48 hours back, Donald Trump launched $trump which erased $7.5bn of market cap in just 10 minutes. Within the first few minutes of the announcement of Melania Trump’s crypto we saw huge selling orders in $trump.”

An meme coin refers to a kind of cryptocurrency influenced by current trends, such as memes that have no intrinsic value, and are typically vulnerable to price fluctuations and crashes. The coin was launched in the name of “Hawk Tuah girl” Haliey Welch, which dropped 95% following its announcement last month, dropping from a market capitalisation of $500m to $25 million. Welch became famous following the internet went viral with a video in which she was talking about oral sexual sex.

Meme coins are called by some traders the “pure form of gambling” similar as “buying a lottery ticket”.

Although the nominal worth of the memes associated with Trump coins increased to the millions of dollars it will be a challenge to realize that amount of money through the sale of the coins without significantly affecting the value. However, they might permit Trump-controlled firms to earn huge amounts of cash because lock-up times expire in the next three to twelve months, during the time he is US president.

The meme coin $Melania is promoted via MKT World LLC, a registered company in Florida that is owned by Melania Trump, whose previous surname was Knauss. The owners can offer the coin for sale on their own within 30 days.

“The meme coins have amplified bitcoin’s momentum, with retail traders optimistic about Trump reaffirming his commitment to the crypto industry,” Bloomberg reported Ben El-Baz, the managing director of the digital asset exchange HashKey Global, as saying.

A few crypto enthusiasts applauded some crypto enthusiasts praised Trump meme coin’s debut and claimed it was symbolic of the president’s backing for a sector which felt unjustly targeted in government officials under the Biden administration. Trump has pledged to bring into crypto-friendly regulations and has selected its advocates for important government posts.

However, it has also created fears of conflicts of interest and sparked criticism over attempts to profit personally from political offices.

Trump has released a number of trading cards in crypto throughout his presidency, earning more than $4 million for each release. Donald Jr. and Eric Trump Eric as well as Donald Jr also launched a cryptocurrency company, World Liberty Financial, in 2024, triggering the possibility of a conflict of interests.

Donald Trump meme coin’s website contained a disclaimer that reads: “Trump memes are intended to serve as an expression of acceptance of and engagement with the ideals and beliefs represented by the symbol “$Trump” and the accompanying artwork but are not meant to constitute or be considered as the purchase of an investment option, investment agreement or any security.

“GetTrumpMemes.com is not political and has nothing to do with any political campaign or any political office or governmental agency.”

A new currency introduced by Melania breaks records in crypto

The brand new digital currency that is supported by Melania Trump was launched on Sunday and within hours of its introduction the amount of transactions it generated across various trading platforms was amazing.

FAQs:

Is it true that Melania Trump created the first memecoin of her own?

Indeed, Melania Trump has launched her own meme coin in the last month. It’s called $MELANIA and is and is available for investors to invest in.

Do I have the ability to purchase Melania’s meme coin?

It’s true, Melania Trump’s meme-coin is now available for purchase on the various platforms.

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