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Is Melania Trump's Meme Coin a Buy?

TheMotleyFool 
0 0 27.01.25
Is Melania Trump's Meme Coin a Buy?Photo, wide shot, wide-angle lens, soft focus, Quarry, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-YQuR80w6IvxjemEoWYDXbEZo.png?st=2023-10-15T10%3A03%3A37Z&se=2023-10-15T12%3A03%3A37Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-10-14T14%3A03%3A01Z&ske=2023-10-15T14%3A03%3A01Z&sks=b&skv=2021-08-06&sig=/3q45HS%2B7KQiNIRh0W63diwmt7u%2BeQQMkMTkhvmYMtE%3D
 

On Jan. 19, First Lady Melania Trump launched the Official Melania meme coin on the Solana (CRYPTO: SOL) blockchain with the ticker $MELANIA. She followed in the footsteps of President Donald Trump's Official Trump meme coin, also launched on Solana a couple of days before, with the ticker $TRUMP.

In the hours after its launch, the coin rose to reach a value of $1.9 billion. It has since plunged and now has a market cap of about $450 million, making it a midsize meme coin, and leaving many early buyers deeply underwater on their investment. Should you rush to grab a bargain, or is caution warranted?

It's undeniable that the first-ever official meme coins of the president and his family mark a major turning point for the cryptocurrency ecosystem, and meme coins especially.

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Source Fool.com

Sol Stock

€54.60
-1.440%
A loss of -1.440% shows a downward development for Sol.

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