CNBC reports:
Incoming first lady Melania Trump launched her own meme coin ahead of her husband’s inauguration as the 47th president of the United States on Monday. In a Sunday evening post on the X social media platform, she announced that investors “can buy $MELANIA now.” The Melania token was trading at $11.16 at 10:48 a.m. London time on Monday, up more than 50%, according to data from CoinMarketCap. It has a market cap of $2.15 billion.
In a disclaimer on the meme coin’s official website, potential buyers are told that Melania memes “are digital collectibles intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA. and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.”
Read the full article.
The Official Melania Meme is live!
You can buy $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
Trump’s crypto scheme is probably the single most corrupt act any president has ever undertaken, right? It’s literally “You can pay me, the president of the United States, billions of dollars” and that’s exactly what people have done
— Will Stancil (@whstancil) January 19, 2025
“The $TRUMP memecoin — a financial asset that didn’t exist on Friday afternoon — now accounts for about 89% of Donald Trump’s net worth.”
Trump just became one of the top 25 richest people on earth. Through this. Insane, open & now normalized corruption. https://t.co/XfUL0hFakP
— Mehdi Hasan (@mehdirhasan) January 19, 2025
Trump’s DC hotel was a convenient way for foreign and domestic lobbyists to put cash directly into his pocket.
This crypto thing is next level. Anyone on the planet can put money directly into his pocket.
Huge. https://t.co/axutmSpdpj
— S.V. Dáte (@svdate) January 19, 2025