In short
First Girl Melania Trump shared a submit from her official meme coin web page, boosting the value of her official Solana meme coin.
The token is now buying and selling above $0.18—nonetheless almost 99% off its all-time excessive of $13.05.
Controversy has surrounded the MELANIA token, which was launched by the identical strategist who labored on the controversial LIBRA token promoted by Argentine President Javier Milei.
The official Solana meme coin of Melania Trump (MELANIA) is up almost 7% within the final 24 hours after the First Girl promoted an apparently AI-generated video of herself posted by the token’s official X account.
MELANIA is now buying and selling at $0.182, up greater than 12% on the week, however nonetheless down roughly 99% from its January all-time excessive of $13.05. It briefly popped to a each day excessive of $0.191 following the primary girl’s retweet.
“Into the long run,” the primary girl’s social media submit learn, tagging the meme token profile and resharing the video—which showcases her likeness showing out of skinny air—to her 3.8 million followers.
The meme coin venture’s social media submit was its first since June, when it alerted its followers that tokens could also be on the transfer to new wallets on account of a liquidity offering settlement with crypto market maker Wintermute.
The motion of MELANIA tokens linked to the venture and crew has been controversial up to now. In April, blockchain analytics agency Bubblemaps reported that $30 million price of MELANIA was taken from neighborhood funds and quietly offered available on the market by the crew.
Previous to that, round $2 million price of MELANIA tokens was reportedly siphoned off through the single-sided liquidity tactic popularized by Hayden Davis—the launch strategist for each MELANIA and the controversial Libra token promoted by Argentine President Javier Milei.
Not less than an extra $8 million has been pulled from the neighborhood pool and offered as effectively, based on Bubblemaps evaluation. Nevertheless, as of this writing, no member from the venture has spoken out concerning the token gross sales regardless of Bubblemaps retaining the venture’s toes towards the fireplace.
“Woooo Melania Trump will not handle the $10M of neighborhood tokens offered by crew wallets,” the analytics agency posted on X. “Simply submit an AI video after 10 months of silence? Cool, cool, cool.”
The primary girl’s meme coin famously launched simply two days after President Donald Trump’s official TRUMP meme coin debuted in January. It briefly surged to a worth of greater than $13 earlier than crashing to lower than $2 as January drew to an in depth.
TRUMP has suffered the same destiny, peaking above $73 in January however now altering palms at $7.72—virtually a 90% drop from the highest.
Day by day Debrief Publication
Begin on daily basis with the highest information tales proper now, plus unique options, a podcast, movies and extra.
