First Lady Melania Trump announced her own cryptocurrency MEMANIA during President Trump's rally, causing significant waves in the market.
Launch and Initial Reception
The crypto community was initially skeptical about the MELANIA token's announcement. However, President Trump's retweet added legitimacy to the project, sparking intense market activity.
Technical Overview and Platform
The MELANIA token is built on the Solana blockchain, ensuring fast and cost-effective transactions. The official website describes these digital collectibles as expressions of support without implying investment value.
Token Distribution and Market Availability
MELANIA features a structured supply model and is available across various DEXs and CEXs such as Orca, Raydium, Kraken, and KuCoin. However, criticisms have arisen regarding token concentration in a single wallet.
The MEMANIA memecoin represents a unique entry in the political crypto sector with strong initial market support. Investors should consider the aggressive token release schedule and the ongoing controversy over distribution.
