Melania Trump branded 'shameless grifter' after launching new meme coin on X
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Melania Trump has been labelled a "shameless grifter" by critics after she promoted her own meme coin ahead of her husband's inauguration. The soon-to-be first lady announced her new coin after Donald Trumpt shortly announced his cryptocurrency journey. Melania took to Twitter ( X) to share the news on Sunday and said: "The Official Melania Meme is live! You can buy $MELANIA now." On the website, her coin, "Melania Memes" is described to be a "fungible crypto assets created and tracked on the Solana blockchain," according to The Hill.
Her latest venture comes just after President-elect Trump revealed his own coin. "My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW," he said on Truth Social Friday. Meme coins, the unpredictable and quirky segment of the cryptocurrency world, often start as a joke with nil value but can see a price explosion if enough people jump on board. Dogecoin, famed for its dog mascot spouting phrases like "much wow," is the poster child of such currencies.
The sale of the Donald Trump meme coin has been orchestrated by CIC Digital, a wing of the Trump Organization. According to the coin's website, there are 200 million Trump meme coins out at present, with an ambition to launch a billion in the following three years. CIC Digital, along with another outfit, holds a hefty 80% share in the Trump meme coins and is set to rake in "trading revenue derived from trading activities," the token's website discloses.
