In a notable event for the cryptocurrency market, Melania Trump announced the launch of her memecoin, MELANIA, in the wake of the recent TRUMP memecoin announcement.
Launch and Initial Reception
The cryptocurrency community was initially skeptical about the MELANIA token announcement due to the unusual timing, but President Trump's endorsement quickly lent the project substantial legitimacy.
Technical Overview and Platform
Like TRUMP, the MELANIA token is built on the Solana blockchain, offering high transaction speed and low cost. The official site notes that the token serves as a symbol of support and is not intended as an investment vehicle.
Market Availability and Trading
The MELANIA token swiftly became available on various trading platforms, including Orca and Raydium, as well as major centralized exchanges such as Kraken and KuCoin.
The MELANIA memecoin stands out in the political crypto sector. Despite strong market backing, investors should consider the aggressive vesting schedule and the current lack of utility.
