Description
Here's how it works:
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Blockchain Platform: $MELANIA runs on the Solana blockchain, known for its speed and low transaction fees. It's the same network Donald Trump's $TRUMP token is on.
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Token Purpose: The token is promoted as a digital collectible and a way to engage with Melania Trump's values. The official website states that it’s not an investment opportunity or security.
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Launch Impact: $MELANIA reached a $2 billion market cap within hours of its launch. Interestingly, after $MELANIA launched, the $TRUMP token dropped by nearly 50% before partially recovering.
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Tokenomics: The $MELANIA memecoin has a total supply of 1 billion tokens. The distribution is as follows: 35% allocated to the team, 20% for the treasury, 15% for public distribution, 20% for community engagement, and 10% for liquidity.
In summary, $MELANIA is a politically-themed memecoin that gained quick popularity. It shares features with other speculative cryptocurrencies and raises concerns about centralization and ethics.