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Melania Trump, the incoming First Lady of the United States, has recently launched her own cryptocurrency, a meme coin named $MELANIA. This initiative follows closely on the heels of her husband, President-elect Donald Trump, who introduced his own meme coin, $TRUMP, just days prior.

The $MELANIA coin was unveiled on the eve of President-elect Trump's inauguration. Shortly after its release, the coin's value surged, trading at $11.16 and achieving a market capitalization of approximately $2.15 billion. This rapid ascent underscores the significant interest and speculation surrounding the cryptocurrency ventures of the Trump family.

Meme coins, such as $MELANIA and $TRUMP, are digital assets that often derive value from internet trends and the popularity of public figures. While they typically lack intrinsic utility, their association with prominent personalities can drive substantial market activity. The launch of $MELANIA not only highlights Melania Trump's entry into the digital currency space but also reflects a broader trend of public figures leveraging their influence in the rapidly evolving world of cryptocurrencies.

It's important to note that the cryptocurrency market is highly volatile, and investments in meme coins carry significant risks. Potential investors should exercise caution and conduct thorough research before engaging in such financial ventures.