New Delhi
Just hours before Donald Trump’s inauguration, his wife Melania Trump has launched her cryptocurrency. He gave this information on social media site X. He said that ‘DollarMelania’ ($MELANIA) can be bought. ‘DollarMelania’ was launched just after Donald Trump introduced his meme coin, which briefly affected the value of ‘DollarTrump’.
Currency built on Solana blockchain
According to its official website, the ‘DollarMelania’ cryptocurrency is created and tracked on the Solana blockchain. Meme coins are cryptocurrencies inspired by characters, persons, animals or artwork. The prices of the ‘DollarTrump’ and ‘DollarMelania’ coins have been rising steadily since their launch, but they are also subject to volatile trading. The websites of these coins emphasize that these cryptocurrencies should not be used as investments.
‘DollarTrump’ was also launched
The website of ‘DollarTrump’ describes the token as a symbol of support for the incoming president. Donald Trump said in a post on Twitter, ‘It’s a time to celebrate everything we stand for: WIN! Join my very exclusive Trump community. According to the CoinMarketCap website, the ‘DollarTrump’ meme coin has a total market valuation of about $12 billion and the ‘DollarMelania’ cryptocurrency is worth just over $2 billion.
Trump’s views are different from Biden’s
Trump has proposed issuing an executive order to prioritize cryptocurrency policy as president, a departure from the Biden administration’s approach, which focused on scrutinizing the crypto industry over concerns related to fraud and money laundering. Trump campaigned on a promise to end ‘oppression’ of the cryptocurrency industry and establish the United States as the world’s “Bitcoin superpower.”
