Melania Trump offers MELANIA meme coin, instantly worth billions

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Melania Trump offers MELANIA meme coin, instantly worth billions

//politics-government.news-articles.net/content/ .. -melania-meme-coin-instantly-worth-billions.html

Published in Politics and Government on Sunday, January 19th 2025 at 18:00 GMT by MSN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Two days after her president-elect husband generated potentially tens of billions of dollars with a new meme coin, first-lady-in-waiting Melania Trump launched her own coin Sunday night: MELANIA. Why it matters: The Trump family became crypto billionaires this weekend,

2025-01-19 231 x 130 / 6261 Bytes

The article from MSN discusses Melania Trump's involvement with a new cryptocurrency called "Melania Meme Coin," which has rapidly gained value, reaching a market cap of billions shortly after its launch. The coin, which features Melania Trump's image, was introduced as part of a broader trend of celebrity-backed cryptocurrencies. Despite the initial surge in value, experts caution that such meme coins often lack intrinsic value and are highly speculative, with their worth largely driven by social media buzz and celebrity endorsement rather than any underlying technology or business model. The article also touches on the general skepticism surrounding celebrity-endorsed cryptocurrencies, highlighting the potential for volatility and the risk of investment losses.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/melania-trump-offers-melania-meme-coin-instantly-worth-billions/ar-AA1xtS5n ]