Melania Trump launches her own cryptocurrency

Sunday, January 19, 2025

Incoming first lady Melania Trump has launched a cryptocurrency on the eve of her husband's inauguration as US president. The announcement comes a day after President-elect Donald Trump launched the $Trump cryptocurrency. Both coins have risen but have seen volatile trade. "The Official Melania Meme is live! You can buy $MELANIA now," she posted on the social platform X on Sunday.

Posted by REDIAL at 11:51 PM | 10 COMMENTS | permalink

Comments

Backed by Executive Order starting tomorrow.

#1 | Posted by REDIAL at 2025-01-19 11:52 PM

Of course... he's crashed to less than half that now. Apparently his advisors didn't know that $Melania would undermine the $Trump to nearly nothing.

This is a 'rug-pull' scam in the crypto market, and they are not amused.

"Crypto Execs Unamused by Trump Meme Coins'

The meme coin sector is divisive as it fuels criticism that the crypto industry is frivolous and risky, the report said. Meme coins depend on social media momentum that can fade as fast as it materializes.

Balaji Srinivasan, an angel investor and former chief technology officer at Coinbase, posted on social platform X that meme coins are a zero-sum "lottery" where the "price eventually crashes and the last buyers lose everything."

www.pymnts.com

"Balaji

@balajis
A memecoin is a zero-sum* lottery.

There is no wealth creation. Every buy order is simply matched by a sell order. And after an initial spike, the price eventually crashes and the last buyers lose everything.

* It's actually negative sum if the platform takes a cut."

x.com

Make America Grift Again!!