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Melania Meme (MELANIA) is a cryptocurrency meme coin launched by Melania Trump, the incoming US First Lady, on the eve of her husband's inauguration as US President. Created on the Solana blockchain, MELANIA is described as 'an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol 'MELANIA'', and is not intended to be an investment opportunity or a security. As any other meme coin, MELANIA is known for its volatility and potential for rapid price swings, but its launch has also contributed to the growth of the cryptocurrency market, with some analysts citing the coin as a factor in the recent rally in cryptocurrency prices.
MELANIA is a cryptocurrency meme coin launched by Melania Trump, the incoming US First Lady, on the eve of her husband's inauguration as US President. The coin is marketed by MKT World LLC, a Florida-registered company owned by Melania Trump.
The market capitalization of MELANIA has fluctuated since its launch, reaching as high as 13 billion and later going down to 1.7 billion.
MELANIA is described as 'an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol 'MELANIA'' and is not intended to be an investment opportunity or a security, according to its website.
MELANIA is the second cryptocurrency meme coin launched by the Trump family, following the launch of TRUMP by Donald Trump. Both coins have risen in value but have seen volatile trade.
The coin is marketed by MKT World LLC, a Florida-registered company owned by Melania Trump. The owners of MELANIA, including Melania Trump, will be able to sell the meme coin themselves after 30 days, according to its website.
The legitimacy of Melania Meme (MELANIA) as a cryptocurrency is a subject of debate. While it is listed on cryptocurrency exchanges and has a significant market capitalization, some analysts have raised concerns about its purpose and potential risks. The websites for both Trump's and Melania Trump's coins avoid referring to them as cryptocurrencies, instead using the phrase "fungible crypto assets" in their FAQs
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