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Melania Trump Launches Cryptocurrency, Causing Market Stir – Ravenewsonline

Melania Trump launched her own cryptocurrency, $MELANIA, on the eve of her husband’s inauguration, attracting nearly 20,000 investors within the first hour.

The coin’s value skyrocketed to £1.4 billion within minutes.

This launch came just a day after Donald Trump introduced his own $TRUMP coin, which currently has a market valuation of about $12 billion.

The $MELANIA coin is described as a way to “show support for and engagement with the values embodied by Melania”.

Despite disclaimers stating that both coins are not intended as investment opportunities, the launch of $MELANIA caused the $TRUMP coin to crash in value, wiping billions off its market price before it recovered some losses.

Donald Trump, who once called crypto a “scam,” changed his stance during the 2024 election campaign and became the first presidential candidate to accept cryptocurrency donations.

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