Melania Trump’s Meme Coin Skyrockets to Billions After Donald Trump’s Token Crashes

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Melania Trump has stirred up some buzz within the cryptocurrency world by introducing her own meme-based currency, known as MELANIA, shortly following her husband’s release of the TRUMP token.

In just a few hours after it was introduced, MELANIA surpassed an estimated value of more than $8 billion, which caused enthusiasm and skepticism among cryptocurrency enthusiasts.

TRUMP Token Drops After MELANIA Launches

On January 20, Melania Trump shared on platform X that the real-life depiction of her, known as the “MELANIA meme”, is now active. At the point of publication, the MELANIA stock was trading at $8.04 and had a market value exceeding $8 billion, according to Dexscreener.

As a researcher studying the digital currency market, I’ve observed an intriguing trend. The token associated with Donald Trump, which had previously witnessed an extraordinary surge in value, suddenly plummeted following the introduction of the MELANIA token.

At its highest point, the market value of TRUMP stood at a staggering $15 billion. But just moments later, the price plummeted from $74.60 to $49.29, causing a significant loss of approximately $5 billion in its overall market value.

In the midst of everything, Analyst Zack Guzman expressed his ideas on Twitter, proposing a potential reason behind the rapid debuts of both cryptocurrencies.

Guzman stated that there’s a significant motivation behind the quick launch of TRUMP and MELANIA by the Trump family, prior to the inauguration. Regardless of whether you admire or dislike Trump, it’s crucial to note that delaying any longer could potentially expose him to Constitutional breaches and even another impeachment.

As a researcher, I posited that the Trump administration appeared to be hastening their actions to avoid any impending legal or constitutional predicaments. Furthermore, I noted that the United States Constitution explicitly forbids a president from misusing their office for personal financial gain.

Furthermore, a website for the MELANIA meme token, promoted by Melania Trump on X, clarified that these tokens should not be viewed as an “investment.” Instead, they were presented as a means of “expressing one’s support.

Despite some early doubts suggesting it could be a fraud and claims that Melania’s account may have been compromised, Conor Grogan from Coinbase asserts that the likelihood of the Melania token being a scam (a “rug” in cryptocurrency terms) is quite remote.

It seems likely that the management of this token doesn’t belong to TRUMP’s team, as it appears more like the work of experienced market professionals. To be honest, it looks almost as if it was created by some college students. He made this observation as well.

Guzman shared his personal experience with the volatile nature of the transactions as well.

I’m quite confident that my transaction using Raydium Protocol has vanished without a trace, following the failure of Jupiter Exchange. It seems all my SOL has disappeared, with no other assets in sight. Strangely, there doesn’t appear to be any on-chain transaction record. Is this crypto world as real as it seems?

His feelings of discontent echo the doubts circulating about the authenticity and trustworthiness of the tokens. Additionally, Ryan Selkis, founder of Messari, urged Trump to dismiss whoever started the MELANIA project.

(This version maintains the original meaning but uses simpler language and a more conversational tone.)

1. Selkis stated on Twitter that they’re clueless about their actions.

2. Selkis explained on Twitter that they tend to drain you of money and reputation.

3. According to Selkis, they don’t prioritize your needs in what they do.

With each new venture into the meme coin sector, the Trump family’s actions stir debate due to the swift fluctuations in worth and the questionable methods surrounding their launches, causing unease among many observers.

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2025-01-20 08:46