What is $MELANIA Coin and Why Did the First Lady of the USA Release a Crypto Meme?

January 24, 2025
Newton Team
January 24, 2025
What is $MELANIA Coin and Why Did the First Lady of the USA Release a Crypto Meme?

In a move mirroring her husband’s controversial crypto venture, First Lady Melania Trump launched $MELANIA coin (a Solana-based memecoin) on January 19, 2025, just days before Donald Trump’s inauguration.

The meme coin quickly garnered attention due to its association with the First Lady and its release just two days after her husband, President-elect Donald Trump, unveiled the official $TRUMP meme coin.

Marketed as a “digital collectible,” the token sparked immediate speculation, volatility, and ethical debates. Below, we explore $MELANIA’s origins, tokenomics, and the conversations it has ignited.

TL;DR

  • $MELANIA is a meme coin launched by First Lady Melania Trump, minted on the Solana blockchain.
  • The coin’s market cap reached $2.15 billion within a day of its launch, making it a top 60 cryptocurrency.
  • Tokenomics involve a 35% team vesting schedule, with 15% for public distribution.
  • $MELANIA’s launch caused a sharp dip in the value of the $TRUMP coin
  • Controversies include potential conflicts of interest, market volatility, and ethical concerns about leveraging political profiles for financial gain.
  • Social media, especially Twitter/X, played a massive role in the coin’s hype.

Melania Trump’s Announcement

Melania’s announcement immediately propelled $MELANIA into the crypto limelight, attracting millions of views and driving initial investments into the coin.

A Quick Overview: What Is a Meme Coin?

Meme coins, e.g., Dogecoin and Shiba Inu, are cryptocurrencies inspired by viral internet trends or cultural moments. They often:

  • Lack intrinsic value: Prices depend on hype, speculation, and celebrity endorsements. Critics argue that their prices are largely driven by hype, speculation, and celebrity endorsements
  • Are highly volatile: Prone to rapid price swings They are often described as being subject to rapid and unpredictable price fluctuations
  • Carry high risk: Many point out that such tokens often collapse after initial hype, as seen with examples like the “Hawk Tuah” coin, which dropped 95% in a matter of weeks Many collapse after early hype (e.g., the “Hawk Tuah” coin dropped 95% in weeks).

Inside the Official $MELANIA Meme Coin

What is $MELANIA Coin?

The $MELANIA coin is a digital asset on the Solana blockchain, branded as a “digital collectible” that allows supporters to engage with the values symbolized by Melania Trump’s public persona. The project emphasizes its non-political nature and declares that it is not an investment vehicle or security.

  • Artwork: The artwork features a black-and-white portrait of Melania Trump by photographer Regine Mahaux, capturing her smiling with hands clasped in front of her face.
  • Official Website: melaniameme.com
  • Contract Address: Solana Explorer

Behind the Project

$MELANIA is being distributed by MKT World LLC, a Florida-based company incorporated by Melania Trump in 2021. The company has previously been involved in various ventures, including:

  • Selling portraits of Melania as first lady
  • Managing her digital presence
  • Overseeing her brand initiatives

Where to Buy and Official Links

$MELANIA can be purchased directly through its official website using a Debit or credit card, Apple Pay, Venmo, or crypto via Jupiter/Stripe. As with any crypto asset, potential buyers should exercise caution and conduct thorough research.

Tokenomics and Distribution

  • Blockchain: Solana
  • Total Supply: 1 billion tokens,
  • Key distribution details include:
    • Liquidity: 10% allocated to decentralized exchanges to ensure market fluidity.
    • Public Distribution: 15% available at launch.
    • Team Allocation: A whopping 35% sits with the team, with a 30-day lock period and linear vesting over 13 months.
    • Treasury: 20% reserved for project development.
    • Community Rewards: 20% to incentivize user engagement.

The team’s vesting schedule is designed to encourage ensure long-term commitment while gradually increasing the circulating supply, with 90% of the team’s allocation unlocking monthly after the initial lock period.

Utility and Purpose

Intended for entertainment and symbolic value only.

According to the official website, $MELANIA is marketed as a collectible rather than a financial instrument. It explicitly avoids labeling itself as an investment or security, with its primary purpose being to foster community engagement and symbolize support for the First Lady’s ideals.

The Immediate Impact

  • Within hours of its launch, MELANIA had a market cap of $2.15 billion and was trading at approximately $11.22. That's enough to rank it among the top 60 cryptocurrencies globally.
  • The $MELANIA launch had an immediate and dramatic effect on her husband’s $TRUMP coin. Within minutes of her announcement, $TRUMP’s value plummeted by 40%, wiping out $7.5 billion within minutes before recovering slightly. Analysts attribute this to traders reallocating their investments to $MELANIA.This competition between the two coins has fueled debates about potential conflicts of interest and market manipulation, given that both coins are associated with the Trump family and released within days of each other.

Social Media and Publicity

Social media, especially Twitter/X, played a pivotal role in amplifying $MELANIA’s reach. The First Lady’s tweet was reposted by President Trump, adding further visibility.

Why Did Melania Trump Release a Meme Coin?

The motives behind Melania Trump’s meme coin remain unclear, but possible factors may include:

1. Brand Extension

The Trump family has increasingly embraced crypto ventures, including Donald’s TRUMP coin and their sons’ World Liberty Financial. MELANIA appears to extend this strategy, targeting collectors and crypto-savvy supporters.

2. Financial Incentives

At its peak, MELANIA’s market cap reached $2.15 billion, though its value fluctuated wildly. The Trump-affiliated MKT World LLC holds 35% of the token supply, which some suggest could be valued at hundreds of millions if prices were to stabilize. which, if prices stabilize, could potentially be worth hundreds of millions.

3. Market Timing

Launched days before Trump’s inauguration, $MELANIA capitalized on the pro-crypto sentiment fueled by his pledge to make the U.S. the “crypto capital of the planet.”

Controversies and Criticisms

1. Conflicts of Interest

Ethics experts, including former Obama adviser Norman Eisen, labeled the Trump family’s crypto ventures “the worst conflict of interest in modern presidential history.” With Melania’s company holding 35% of $MELANIA and Donald’s entities controlling 80% of $TRUMP, critics argue their financial stakes could influence policy decisions.

Unlike past presidents, such as Jimmy Carter, who placed assets like his peanut farm into blind trusts to avoid ethical dilemmas, the First Family is now directly entangled in highly speculative crypto assets, blurring the lines between personal gain and public responsibility.

2. Market Volatility

Meme coins are widely considered inherently volatile, and many observers view $MELANIA as no exception. Meme coins are inherently volatile, and $MELANIA is no exception. While early adopters reaped significant gains, late entrants may risk losing substantial investments. Similar tokens in the past have faced allegations of being “pump and dump” schemes.

3. Overshadowing Legitimate Crypto Projects

Crypto advocates worry that the focus on meme coins like $MELANIA and $TRUMP could detract from serious blockchain innovations.

4. Ethical and Regulatory Questions

The simultaneous launch of $TRUMP and $MELANIA coins has intensified scrutiny on how the First Family’s crypto ventures could influence regulatory policies under the incoming trump administration. Critics fear political power could be wielded to favor these projects—especially as Trump-appointed regulators like David Sacks (Crypto Czar) face scrutiny for potential favoritism.

What Every Potential Buyer Should Know

Here's the unvarnished truth about crypto meme coins like $MELANIA:

  1. They have no inherent utility or value
  2. They're worth only what people will pay for them
  3. Early insiders often hold massive portions of the supply
  4. When celebrity-backed tokens launch, they typically skyrocket—but what goes up can come crashing down

Experts warn meme coins like $MELANIA are “pure gambling,” citing the “Hawk Tuah” coin’s 95% crash as a cautionary tale.

Looking Forward

As the First Lady’s $MELANIA coin gains traction, its long-term viability hinges on a critical question: Will it endure as a symbol of loyalty to Melania Trump or collapse under the weight of ethical scrutiny? Can the president and first lady credibly regulate an industry where their financial stakes run into the billions?

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Disclaimer: This article is for informational purposes only and does not constitute financial or legal advice. Cryptocurrency investments are speculative and highly volatile. Always conduct thorough research or consult a financial advisor before investing. Never invest more than you can afford to lose.
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