Melania Trump’s Meme Coin Surges After Social Media Promotion
- The MELANIA token is trading at $0.182, up over 12% for the week.
- First Lady Melania Trump promoted an AI-generated video, boosting the token by nearly 7% in the last day.
- Despite recent gains, MELANIA remains down roughly 99% from its all-time high of $13.05 in January.
- Controversy surrounds the project due to past sales of community tokens worth millions by team wallets.
- The token was launched by a strategist also behind the controversial LIBRA token linked to Argentine President Javier Milei.
Melania Trump’s promotion of her meme coin has led to a notable price increase, although it remains significantly below its peak value. The project has faced scrutiny over large-scale sales of community tokens without public acknowledgment from team members.
Despite recent social media activity boosting its price, the MELANIA token’s value is still far from recovering its previous highs, highlighting ongoing concerns about transparency and management practices within the project. (Source)
