Melania Trump has recently unveiled her own cryptocurrency venture following the remarkable rise in her husband, Donald Trump’s, meme coin value. This move caught the public’s attention, leading to quite a buzz in the cryptocurrency world.
In an unexpected turn, shortly after her launch, Donald Trump’s coin faced a significant decrease in value, and many observers pointed fingers at Melania’s new endeavor as the cause.
The former First Lady’s announcement was made on Sunday through platforms like X and Truth Social, sparking significant conversation. As a result, the $TRUMP coin dropped by 41% according to figures reported by CoinMarketCap.
Despite the downturn in his coin’s value, Donald Trump showed support for Melania by sharing her accomplishment on his social media platform, Truth Social. This act signifies a sense of familial unity in their digital ventures.
Melania’s cryptocurrency, branded as $MELANIA, operates on the Solana Blockchain, just like the $TRUMP coin. Although it is smaller in scale, Melania’s venture has piqued the interest of many within the financial community.
The announcement came as a surprise to many, who hadn’t anticipated Melania stepping into the cryptocurrency arena so swiftly. Analysts expressed concern, noting that Melania’s entry into the crypto market came on the heels of a major financial shift caused by Donald Trump’s coin—erasing nearly $7.5 billion from the market within just ten minutes.
Reactions to Melania’s cryptocurrency initiative were mixed, with many people initially shocked by the sudden launch. In the wake of her announcement, the financial community witnessed a flurry of activity as investors rushed to sell their holdings. It’s evident that, for now, cryptocurrency has become a family affair for the Trumps.
