Melania Trump launched the $MELANIA memecoin just one day before her husband, Donald Trump, took office as the new President. Users must see $MELANIA as a digital item on the Solana blockchain rather than a financial investment. Public figures became a hot topic in the crypto world when the $TRUMP memecoin launched before the $MELANIA memecoin, while both coins created active market participation.
The president-elect announced the launch of his meme coin in a Truth Social post on Friday evening, stating, “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” The token market saw explosive growth overnight and reached triple its value on Saturday.
The token saw an explosive price increase over the night hours and reached three times its starting value by Saturday morning. Early Sunday saw the token hit a temporary peak at $75.
Donald Trump’s wife, Melania, introduced her Melania memecoin on X by saying, “The Melania Meme cryptocurrency is officially online today!” You can buy $MELANIA now.” Donald Trump posted about the news when announcing the project on January 19.
The Solana blockchain powers the memecoin platform expressed on melaniameme.com. Melania Trump created MKT World in 2021 to distribute her Melania Meme product.
The Surge of TRUMP and MELANIA Memecoin
TRUMP and MELANIA’s websites state that these digital tokens are collectibles, not investments. According to the website, these digital collectibles allow users to show their support. Therefore, they should not be seen as financial investments. The memecoin MELANIA exists independently from political campaigns, offices, and government bodies.
The coin’s official website indicates an initial launch of 200 million tokens. Over the next three years, the plan is to increase this to one billion tokens. Currently, 800 million tokens remain unissued. CIC Digital LLC and Fight Fight Fight LLC, both under the Trump Organization, manage these tokens from their Delaware headquarters.
Memecoins belong to a separate category from traditional cryptocurrencies. Online community interest and social media buzz determine their market position as meme-based assets. These tokens experience significant price changes that change rapidly and unpredictably.
CoinMarketCap showed that MELANIA tokens achieved a market value of $2.13 billion on January 20, but TRUMP tokens reached $10.9 billion. TRUMP showed a 17.2% drop to $54.87 on the same day that the launch of MELANIA probably impacted its performance. The MELANIA token generated transactions from 45,450 crypto accounts on January 20, as DEXScreener shows. The $MELANIA token exists in 368185 crypto wallets, according to Solscan on January 21.
On Jan. 21, the Melania Memecoin $MELANIA has shown large price swings since starting. The coin achieved its highest mark at $13.73 but then lost value. $MELANIA is valued at $4.23 today, with the highest point of $9.12 and the lowest value of $3.39.
MELANIA Memecoin Tokenomics
The token allocation for MELANIA has been structured to enhance visibility and foster active community participation. The vesting schedule includes an initial lock period, with the gradual release of the memecoins allocated to the team.
Below are the specifics of MELANIA token distribution:
Solana Token Address
|
Team Token Vesting Schedule
Duration | Vesting Schedule |
Day 1-30 | |
Day 30 |
|
Months 2-13 |
|
Month 13 |
How to Buy MELANIA?
There are three main ways to purchase MELANIA. You can acquire MELANIA tokens by accessing the official Melania Meme website, using the Kraken exchange service, or through marketplace DEXs such as Uniswap.
Buying MELANIA on Kraken
You can buy MELANIA on Kraken using the funding section by depositing supported tokens into their networks. To protect your assets from unsupported transaction risks, use only networks approved by Kraken. Select between buying MELANIA on the official site or the Uniswap decentralized exchange.
You can buy another cryptocurrency on sites like Kraken or Uniswap and exchange it directly for MELANIA. For additional options, check out paired cryptocurrencies on melaniameme.com or use Uniswap.
Once you’ve selected the cryptocurrency to swap:
- Purchase it.
- Add your wallet to operate on this platform.
- Trade your purchased crypto assets in exchange for MELANIA on the system.
- Store MELANIA in any Solana-based wallet to protect your holdings.
Detailed Purchase Instructions (Using the Official Website)
Get detailed purchase guidance from melaniameme.com’s official website when buying MELANIA.
Here’s a step-by-step example of how to buy MELANIA via melaniameme.com:
Visit the Website
- Go to the official Melania Meme website and select the “How to Buy” area.
Choose a Payment Option
- To proceed with your transaction, choose “Buy with Card” or “Buy with Crypto.” Click “Buy with Card” to buy a cryptocurrency that will later transform into MELANIA.
Complete a Fiat-to-Crypto Transaction
- Select your currency to start and choose the specific cryptocurrency you prefer to buy. Complete the transaction.
Swap for MELANIA Memecoin
- Press “Buy with Crypto” to move forward. Under the “Swap” tab:
- Click the button to join your crypto wallet with the platform.
- Pick the cryptocurrency you want to sell, such as SOL.
- Choose MELANIA to purchase as your cryptocurrency.
With Jupiter integration, users can trade cryptocurrencies and regular money on the Melania Meme platform.
Buying MELANIA on Decentralized Exchanges
You can access MELANIA through a DEX that lets you trade with crypto pairs featuring MELANIA. To buy MELANIA, open a supported trading pair, match your wallet to the platform, and complete the exchange steps.
MELANIA can be bought through simple steps that adapt to your platform choice and personal preference.
MELANIA Memecoin Faces Criticism Over Transparency and Security
Many memecoin investors took notice of MELANIA, but the public has also raised concerns about its initial release and ongoing business conduct. The team behind MELANIA lacks the clear direction that TRUMP token supporters show.
The creator’s wallet behind MELANIA received funds from an account that used Pump.fun’s Solana-based launchpad to invest in memecoins in the past. People question the connection between the project’s creator wallet and Pump.fun could trigger market problems.
Crypto expert Cygaar observed that MELANIA’s creators initially released their website on January 18, just before their public launch announcement. Without Cloudflare cybersecurity support, the website leaves users highly vulnerable to security threats.
Project critics have stepped forward from inside the crypto community. On the X platform, a Trump follower asked for the dismissal of MELANIA’s development team because of their apparent lack of expertise.
On Jan. 19, Bubblemaps, a blockchain analytics firm, found that one wallet held 90% of MELANIA’s tokens. This was unexpected. The project’s distribution method differs from its promises, and now analysts doubt its commitment to transparency. Florida’s public records show Melania Trump founded MKT World in 2021. It is linked to the Trump International Golf Club, which owns the MELANIA website.
Before investing in MELANIA memecoin, you must understand that these projects are highly speculative. Research all risks thoroughly while asking important questions and following the news. Study them properly before participating in memecoin projects and take safety measures.
This news is republished from another source. You can check the original article here