- Melania Trump has launched a cryptocurrency called $MELANIA on the Solana blockchain.
- This comes after Donald Trump introduced his own cryptocurrency, $Trump, valued at $12 billion.
- Both coins are described as cultural tokens, not for investment.
- Bitcoin has hit a record high of $107,000 as crypto interest grows.
- The Trump administration is expected to ease crypto rules and encourage growth in the sector.
Incoming First Lady Melania Trump announced her cryptocurrency, $MELANIA, just before Donald Trump’s return to the White House. The coin follows the launch of Donald Trump’s $Trump cryptocurrency.
Both coins are promoted as fun cultural tokens rather than serious investments.
Bitcoin and Other Cryptos Rise
Bitcoin reached an all-time high of $107,000, while other cryptocurrencies like dogecoin also gained value. Many believe the rise is due to Trump’s plans to make crypto rules easier.
Trump’s Plans for Crypto
- Bitcoin Stockpile: Trump plans to build a government reserve of Bitcoin.
- Relaxed Rules: His administration wants to cut regulations to help the crypto market grow.
- Crypto Leadership: Trump’s new AI and crypto advisor, David Sacks, is pushing for more support in this area.
What It Means
The Trump administration is likely to support cryptocurrencies, which could help the industry grow faster. However, coins like $MELANIA and $Trump are risky and should be approached carefully.
Melania Trump’s new cryptocurrency adds to the growing crypto excitement. With Donald Trump’s pro-crypto policies, the digital currency world may see big changes in the coming years.
