Melania Trump’s foray into the world of cryptocurrency has caused quite a stir, with her newly launched token experiencing a staggering 10,000% increase in value in just a few hours. The former First Lady’s unexpected move into the digital money market coincided with a general uptick in cryptocurrency values, propelling her token to a remarkable $3.14 billion in market capitalization.
The launch of Melania Trump’s crypto token, which started with 1 billion tokens, saw a distribution of 10% to Meteora, while the remaining 89% was initially held in one wallet before being divided into Treasury, Community, Team vesting, and Public distribution. The team behind the token received 35%, the treasury received 20%, and the public received 15%.
The news of Melania Trump’s cryptocurrency venture sparked a trading rush, with over 133,000K tokens being traded immediately. David Sacks, who collaborates with Trump on crypto projects, declared that “the reign of terror against crypto is over,” highlighting the growing interest of political figures in the crypto market.
Expert analysts at CoinCodex have predicted a further 275.04% increase in the price of Melania token, reaching $0.063751 by February 19, 2025. The sentiment is currently bullish, with the Fear & Greed Index showing extreme greed at 76. Despite some market volatility, the forecast suggests that now is a good time to invest in Melania token.
However, the launch of Melania Trump’s token also had repercussions on the crypto market, with Donald Trump’s own token initially losing half its value before stabilizing at $9.02 billion. The former President commented on the success of Bitcoin, stating that it has broken numerous records.
Looking ahead, key teams have outlined the next 13 months of token releases for Melania token, with scheduled drops releasing 2.25% of tokens each month. This strategic approach aims to maintain market interest and stability in the long term.
Overall, Melania Trump’s entry into the cryptocurrency market has raised questions about market risks, volatility, and the future adoption of digital currencies by political figures. As the crypto market continues to evolve, the success of Melania token serves as a testament to the growing influence of digital assets in the financial landscape.