"The official Melania meme is live! Now you can purchase $MELANIA," she wrote on social media.
President-elect Donald Trump, whose inauguration will take place on January 20, shared her post on his account, which has over 98 million followers.
On the meme coin's website, it is stated that this crypto asset is created and tracked on the Solana blockchain. It mentions that the currency is not intended to be an investment opportunity or a security. Trump's wife announced the launch of her own meme coin after the president-elect introduced the meme coin $TRUMP.
According to CoinMarketCap, the price of the $TRUMP coin reached over $75 shortly after its launch but has since decreased to $60.32, while the value of the $MELANIA meme coin is approximately $12.27. The market capitalization of Trump's cryptocurrency, as of the morning of January 20, according to CoinMarketCap, is $12 billion, while his wife's is $1.7 billion.
As noted by BBC, anyone can create meme coins, and there are currently thousands of them. However, the coins launched by Trump and his wife just before the inauguration have already made it into the top hundred most valuable, the broadcaster emphasizes.