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Following the announcement of former U.S. President Donald Trump’s memecoin project, First Lady Melania Trump has launched her own memecoin, named “MELANIA.” This new digital currency quickly garnered significant interest, resulting in notable market fluctuations. The question arises: Is MELANIA coin an appealing option for investors?
The Smooth Rise of MELANIA Coin
MELANIA coin surged by 53% within just a few hours of its launch. Initially priced at $11.36, MELANIA coin was created with a total supply of 1 billion coins. The project’s market capitalization exceeded $1.6 billion, positioning it among the top 100 cryptocurrencies.
According to the project’s official website, MELANIA coin is defined as a cryptocurrency without any affiliation to political campaigns or government organizations. The coin distribution includes 35% for the team, 20% for the community, 20% for reserves, 15% for public sales, and 10% for liquidity. The project aims to ensure transparency through a 13-month full vesting period.
MELANIA Coin Launch Impacts TRUMP Coin
However, the launch of Melania Trump’s memecoin led to a significant decline in the value of Donald Trump’s memecoin project, “TRUMP,” which fell by over 40%. This created a fear of missing out (FOMO) among investors, further increasing interest in MELANIA coin.
Some market watchers interpret the rapid rise of MELANIA coin as a “pump-and-dump” strategy, urging caution due to the Trump family’s past ventures. Experts caution that MELANIA coin is still very new and highly volatile, with its fundamental features and roadmap expected to significantly influence its price.
Despite the potential for increased prices after Donald Trump’s presidential inauguration, analysts warn investors to proceed carefully. The risk of manipulation in such cryptocurrency projects is high, and thorough research before making investment decisions is strongly recommended.
