After her husband Donald, also Melania Trump makes its entrance into the world of cryptocurrency. In the Italian night, the wife of the new president of the United States announced the $Melania launch, meme coin which presents itself as a “support for the values embodied by the Melania symbol”. In a few hours, the value of this cryptocurrency has shot up to $12, with an increase of thousands of percentage points, similar to the boom of $Trump, who had gained over 16.000%. However, the rise of $Melania also had a effect collateral: $Trump he saw his worth drop by 40% compared to the peak of $72, before rising to $55. At the moment, the combined capitalization of the two cryptocurrencies stands at around $13 billion, but if we also consider the tokens not yet released, the figure rises to a whopping $68 billion.
The question that arises now is: how long will this phenomenon of presidential coin memeWill it be a revolutionary chapter in the history of cryptocurrencies or simply a speculative bubble destined to burst?
What are meme coins?
Meme coins are cryptocurrencies created primarily for entertainment, inspired by memes o trends viral. They have no concrete practical applications but gain value through speculation and public enthusiasm. A famous example is Dogecoin, famous for its Shiba Inu dog, born as a parody of Bitcoin that has seen exponential growth thanks to the appeal of figures like Elon Musk. $Trump and $Melania also fit into this logic: they are not designed to revolutionize the sector, but to exploit media interest and the enthusiasm around the Trumps.
Meme coins are highly volatile: their value can skyrocket, but can also plummet just as quickly. An example of this instability is Trump Digital Trading Cards, which have lost 76,7% of their value in a year. Although meme coins do not currently have a concrete practical use, if, as in the case of Dogecoin with Tesla for some products, they were adopted for payments, they could gain value.
How does the $Melania cryptocurrency work?
Il How $Melania works is similar to that of $Trump. Around 162 million tokens were initially released, but in a year the amount in circulation will grow to one billion thanks to periodic releases. However, 85% of the tokens are in the hands of companies linked to Melania Trump, such as Mkt World Llc, which will gradually sell their share, causing the value of the cryptocurrency to rise as demand grows.
However, it is not possible to predict with certainty How much will Donald and Melania earn?, as it will depend on the value of the cryptocurrencies at the time of sale. One thing is certain: the Trump family companies are already profiting from the meme coin boom, as a portion of the proceeds from the exchanges go to them.
Bitcoin soars above $109
In the meantime, Bitcoin has hit a new all-time high, overcoming in the night the 109 thousand dollars and bringing its capitalization to 2.150 billion dollars. This has earned Bitcoin a position among the major investment classes, overtaking Saudi Aramco (oil giant) and becoming the seventh largest global asset, just behind giants such as Amazon.
Bitcoin's growth continues unabated, fueled by a pro-crypto agenda from the new Trump administration, which could include Bitcoin between the strategic assets of the national reserve, alongside gold and oil, further increasing its global adoption. The odds of the US president doing so have increased significantly, with polls indicating a jump from 32% to 55% in expectations of an announcement in the first 100 days of his presidency.
Solana Blockchain and Other Rising Tokens
Not just Bitcoin, though. The launch of $Trump and $Melania had a impact also on other cryptocurrency-related tokens. The tokens were launched on the Solana blockchain, also bringing Sol to a new all-time high, touching $300. Similarly, XRP, Ripple's cryptocurrency considered the "blockchain of banks", has seen significant growth, fueled by expectations of greater openness from the SEC (the US financial markets regulator), and the possibility of ETFs on alternative cryptocurrencies.
