Melania Trump’s Meme Coin Launch and Its Impact

user avatar

by Giorgi Kostiuk

2 years ago

Melania Trump announced her meme coin $MELANIA, drawing public attention and causing a decline in $TRUMP's value.

The Launch of $MELANIA

Melania Trump announced the launch of $MELANIA on her social media, highlighting its immediate availability for purchase. The coin operates on the Solana blockchain and is part of the growing meme coin trend, which is often influenced by social media and internet culture. To ensure a secure and easy buying experience, the project has partnered with Jupiter.

The official Melania Meme is live! You can buy $MELANIA now.

Token Distribution and Allocation

According to the $MELANIA official website, the total supply includes 1 billion tokens. The distribution is as follows: 35% for the team with an initial lock-up period of 30 days, 20% for the project treasury, 15% for public distribution, and 10% reserved for liquidity.

Is $MELANIA Just a Meme, or More?

While $MELANIA is branded as a meme coin, it holds elements of social engagement and is not intended as an investment tool. According to Conor Grogan from Coinbase, the wallet associated with Melania Trump's token differs from the one used for $TRUMP.

My guess is that this token was handled by a different team than TRUMP's. That one looks like professional market makers, this one honestly looks like a college kids.Conor Grogan

The launch of $MELANIA has raised questions about its aims and future plans. Investor and public sentiment will determine the project's success.

Tier I

Sector: #18291

Sealed Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Circle Releases Technical Guidance for ERC20 Transfers Using CCTP

Circle has published a developer guide detailing how issuers can utilize its CrossChain Transfer Protocol (CCTP) for ERC20 assets beyond USDC.

user avatarAyman Ben Youssef

Curve Finance Launches StableSwap on Stellar Mainnet

Curve Finance has launched its StableSwap system on the Stellar mainnet, marking its first native deployment outside the Ethereum ecosystem.

user avatarTando Nkube

Ondo Finance Introduces Tokenized Investment Portfolios on Solana

Ondo Finance has launched seven investment portfolio tokens on the Solana blockchain for eligible investors outside the US, providing managed exposure to tokenized equities and ETFs.

user avatarKofi Adjeman

Market Implications of Aave's Tokenized Equity Lending Explored

A case study on the market implications of borrowing against tokenized equities following the launch of Aave's V4s Equities Hub, highlighting market liquidity and associated risks.

user avatarNguyen Van Long

Aave Launches V4s Equities Hub for Non-US Investors

Aave has launched its V4s Equities Hub, allowing eligible non-US investors to borrow USDC against selected tokenized US equities.

user avatarSatoshi Nakamura

Polygon Labs Launches New Payment Controls for AI-Agent Transactions

Polygon Labs has launched new payment controls for AI-agent transactions, allowing automated agents to make purchases within defined parameters while managing associated risks.

user avatarRajesh Kumar

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.