Melania Trump She is making headlines not only as the next First Lady but also for launching her own cryptocurrency in the form of a coin.
“The official Melania meme is now available! You can buy Melania for $ now.” XWhich her husband reposted, Donald TrumpThis was on the eve of his inauguration as President of the United States.
The official Melania meme is now available!
You can buy Melania$ now.
FUAFBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
-Melania Trump (@MELANIATRUMP) January 19, 2025
Find out more below.
What is Mimi coin?
Memecoins are cryptocurrencies that are often inspired by internet memes or trends. Anyone can create and launch them, and there are currently thousands of them. according to Coinbasethe meme coin is considered risky and even “volatile”, although on occasion, the coin may be launched as a joke.
How much is the Melania Mimi coin worth?
After initially launching at around $7, Melania Coin was trading at around $8 on Monday morning, with a market cap of $1.57 billion, according to CoinMarketCap.
Melania’s meme coin is being issued through her combined company, MKT World LLC, a company she has used since 2021 in various ventures, including selling photos of herself as First Lady.
How much is the Donald Trump meme coin worth?
The Trump Meme coin initially sold for $10 each before rising to nearly $70 by Sunday morning. However, its value fell sharply later that day after Melania announced her own coin.
As of Monday morning, it was worth about $51, with a market cap of about $10.3 billion, according to CoinMarketCap.
What are the concerns about Trump’s involvement in meme coins?
Possible concerns have been raised about the incoming president and first lady launching meme coins, which are often volatile and part of a cryptocurrency industry that typically starts out as a joke with little or no real value. Critics have warned that a Trump meme could represent a risky opportunity for special interests and foreign governments to try to gain influence over the president.
“Now anyone in the world can deposit money into the bank account of the President of the United States of America with just a few clicks,” Anthony Scaramucciformer communications director in the Trump White House, He said one day X.
In promoting the meme currency, Trump urged his supporters to “Have fun!” The website selling the tokens stresses that they are intended as an expression of support, not investment opportunities.
Who else launched a meme coin?
In December 2024, Haley WelchHawk Tuah Girl, also known as Hawk Tuah Girl, launched a meme coin called HAWK and rose to social media stardom — thanks to a TikTok video that went viral.
However, the 22-year-old influencer faced criticism after the value of her HAWK meme dropped by $440 million within the first 20 minutes.
The rapid decline left many investors in financial straits, sparking protests on social media that the cryptocurrency was a pump-and-dump scheme. One user on X They expressed their frustration, saying: “You did not mention that you would buy 97% of the supply and sell it almost immediately for a huge profit. If I had known this information I would not have purchased your coin. Please help me or who can I contact to get a refund? If not I will have to Use legal procedures.
Welch has since commented that she is fully cooperating with attorneys to resolve the matter.
“I take this situation very seriously and want to address my fans, the investors who have been affected, and the broader community,” Welch said.
Welch added, “I am fully cooperating with the legal team representing the affected individuals and am committed to assisting the legal team, as well as helping to uncover the truth, hold responsible parties accountable, and resolve this matter.” “If you suffer losses related to this, please contact Burwick Law.”
