Melania Trump's Memecoin MELANIA Surges by 22,000%

user avatar

by Giorgi Kostiuk

2 years ago

Melania Trump made waves in the crypto world on January 19 by launching her self-titled memecoin MELANIA, achieving a $1.5 billion market cap in just 9 hours.

Launch of MELANIA Memecoin

The MELANIA memecoin, launched by Melania Trump, quickly reached impressive market success. The token's price hit $11.85, representing a 22,000% increase since its launch. Promoted via an X post, over 45,000 wallets acquired the token within the first hour.

Market Reaction

The debut of MELANIA negatively impacted the TRUMP token, which saw its price drop by 38% in 40 minutes, reducing its market cap by $5 billion. This event occurred a day before Donald Trump's inauguration, creating an interesting rivalry within the Trump family.

Criticism and Implications

Despite its success, questions about the project's transparency arose. Platform Bubblemaps pointed out that 90% of MELANIA tokens are held by a single wallet, raising concerns. Additionally, some experts noted the project's lack of professional planning and the insecure website, registered shortly before the ICO start. The website belongs to MKT World LLC, a company associated with Melania Trump since 2021.

The launch of the MELANIA memecoin left a significant mark on the crypto market but raised concerns about the project's transparency and security, requiring investors' attention.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Axis Robotics Unveils Axis Sim Dataset V1 for Enhanced Robotic Manipulation

chest

Axis Robotics has released Axis Sim Dataset V1, one of the largest open-source simulation datasets for Franka arm manipulation, featuring over 50,000 human-teleoperated simulation trajectories.

user avatarMaya Lundqvist

ENS Proposes Migration to Layer 2 Registry Model

chest

Ethereum Name Service (ENS) has initiated discussions on a proposal to migrate domain registration and renewal to a Layer 2 registry model to reduce costs.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.