Melania Meme Coin Soars Past $8 Mark Amidst the Electronic Money Fever of the Family

Just two days after President-elect Donald Trump's meme currency, TRUMP, created a buzz worth tens of billions of dollars, Melania Trump introduced the world to her own cryptocurrency: MELANIA. The currency was launched on Sunday night, signaling that the Trump family's involvement in cryptocurrency is not just a passing trend. The introduction of MELANIA has attracted attention not only because of the timing of the launch, but also because of the unprecedented intertwining of public figures and personal financial projects. Critics are questioning the ethics of this situation as the symbol of the first lady is quickly attracting attention. Statistics of MELANIA token by the numbers Supply: The total token supply is 1 billion. Group allocation: 35% of the token supply is reserved for the group, expected to be fully unlocked after only 13 months. Wallet holders: According to Solscan, there are over 22,000 wallets holding MELANIA right after launch. Price increase: The token surged to over $8 on Dexscreener, reaching a market capitalization of over $8 billion. Solana token address: FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P This rapid price increase means that the group's allocation could be worth more than $1.5 billion - an extraordinary valuation just a few days after its launch. Market Reaction: TRUMP Coin Affected While the MELANIA token has skyrocketed, TRUMP, the meme coin of the president-elect, has plummeted. After the announcement of the second family token, the price of TRUMP dropped sharply by 36%, from $72 to $44 at the time of reporting, according to CoinGecko. This suggests that investors may be questioning the strategy of launching multiple tokens from the family, which could diminish interest in each project. What will be the future of MELANIA and TRUMP Token? The launch of MELANIA signals that the Trump family is doubling down on cryptocurrency. However, this raises serious concerns about the overlap between public service and private profit. The rapid market activities of these tokens may attract regulatory scrutiny, especially when they are linked to high-level political figures. For investors, the strong rise of MELANIA could signal potential profits, but the volatility of meme coins and their speculative nature means that the risk remains high. The next few weeks will be crucial as the market will determine whether these coins are sustainable or just another short-term hype. Will we soon see other Trump family coins rise in value? DYOR! #Write2Earn #Write&Earn $TRUMP {spot}(TRUMPUSDT)