Two days following the recent announcement by her president-elect husband, who generated estimated tens of billions of dollars through the launch of a new meme coin, Melania Trump, first-lady-in-waiting, unveiled her own cryptocurrency, named MELANIA, on Sunday evening.
According to Axios, This development has propelled the Trump family into the realm of cryptocurrency billionaires, thereby raising significant questions regarding the intersection of their official responsibilities and personal financial interests.
Although specific details regarding this new coin remain somewhat vague, it has been reported that MELANIA will possess a total supply of one billion tokens, although the current market circulation remains unclear.
According to the information provided on the token’s official website, the development team is allocating only 35% of the tokens for its own use, with a timeline of 13 months projected for the complete unlocking of these assets.
“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW,” the president-elect posted Friday on Truth Social.
Former President Donald Trump, who once referred to cryptocurrencies as a “scam,” has since expressed support for digital assets during his campaign, marking him as the first presidential candidate to accept contributions in cryptocurrency.
Donors were able to contribute to his campaign through joint fundraising committees, with various cryptocurrencies accepted via the Coinbase Commerce platform.
On Friday, the inaugural “Crypto Ball” was hosted by David Sacks, who has been appointed as Trump’s advisor on artificial intelligence and cryptocurrency, in Washington, D.C.
