Melania Trump launched her own cryptocurrency ahead of her husband's inauguration.

Melania Trump has released her own cryptocurrency

The wife of the elected US President Donald Trump, Melania Trump, has decided to launch her own cryptocurrency called $Melania. She named it after the meme coin $Trump. Melania Trump announced the release of the cryptocurrency on the Truth Social platform. According to CoinMarketCap, one unit of Melania's meme coin can be purchased for $0.03.

US President Donald Trump announced the launch of his own cryptocurrency on Friday. He made this news public on his official social media accounts (previously on Twitter) and Truth Social, which sparked great interest in the cryptocurrency world.

Meme coins are gaining popularity

The trading volume of meme coins in one day exceeded 11 billion dollars, and the total market capitalization of this cryptocurrency exceeded 10.5 billion dollars. The current value of one meme coin $TRUMP is about $50.

Earlier, Bloomberg reported that Trump intends to issue an executive order officially declaring the development of cryptocurrency a national priority for the United States. The politician's inauguration will take place today, January 20.

Meme coins and their essence

Meme coins are a cryptocurrency created as a social experiment. They depend on the popularity of the phenomenon they are based on. For example, meme coins that support a certain political figure are created to express support. The value of such meme coins depends on the level of support for that politician. These cryptocurrencies have no real value or way of use; they are merely a financial instrument for speculation.

Additionally, Finland has begun using mining farms to heat homes.