The launch of Official Melania Meme (MELANIA), the new memecoin backed by the future first lady of the United States, has captured the market’s attention by registering a 51% increase in the last 24 hours.
He advertisementmade yesterday afternoon, marks the official entry of Melania Trump into the world of memecoinsfollowing in the footsteps of her husband, Donald Trump who issued his memecoin last Saturday.
MELANIA, launched on the Solana network, reached a maximum price of $13, but then experienced a slight decline to $10, the current price of the memecoin.
Currently, MELANIA is the crypto asset with the highest price increase in the last 24 hoursaccording CoinMarketCap data.
MELANIA’s distribution model includes 35% of the tokens allocated to the team’s vesting, a mechanism that gradually releases these assets over a period of 13 months, presumably to ensure the stability of the project, the report states. website of the memecoin.
A memecoin with a specific purpose
MELANIA’s official website emphasizes that the cryptoasset is intended exclusively for collection and entertainment purposes.
“They are not financial instruments or investments,” clarifies the frequently asked questions section, seeking to distance itself from possible speculative expectations about its future value that could earn it the name of security and have conflicts with the Securities and Exchange Commission (SEC).
The launch of MELANIA has also had collateral effects. Official Trump (TRUMP), the memecoin associated with the president-elect, has suffered a fall of 24% in the last 24 hours. The meme cryptocurrency was issued last Saturday and achieved the fastest rise in the history of memecoins, as reported by CriptoNoticias.
Its market capitalization went from 14 billion dollars to 10.6 billion dollarsreflecting a change of focus by investors towards the new crypto asset.
MELANIA’s initial success reinforces the trend of memecoins as market phenomena that combine entertainment and speculation. However, it is important to maintain realistic expectations, especially in an environment as volatile as meme cryptocurrencies.
