An analyst spoke about the prospects for the $MELANIA memcoin
Melania Trump unveiled her meme token $MELANIA, which functions on the Solana blockchain, after her husband, US President-elect Donald Trump issued the token $TRUMP. Currently, the total number of tokens is 1 billion, of which 162.21 million are in initial circulation. This was reported to Izvestia on January 20 by BitRiver financial analyst Vladislav Antonov.
On the eve of the wife of the American leader Melania Trump launched her own cryptocurrency. She announced this on January 19 in the social network X (former Twitter).
"The daily trading volume reached an impressive $3.83 billion, and the initial capitalization approached $2 billion. The current price of the token is $12.29, showing an increase of 67%," Antonov reported.
According to him, despite the impressive initial performance, investing in memcoin $MELANIA carries significant risks. Mem-tokens are known for their extreme volatility and are often created solely for speculative purposes. The timing of this meme token's appearance before Trump's inauguration clearly demonstrates a desire to capitalize on the political situation and interest surrounding the event.
Furthermore, the token itself is officially positioned as a "digital collectible" rather than an investment instrument. Crypto exchanges actively support the listing of such tokens, as they receive substantial income from commissions due to high trading volumes. The main earnings on such tokens fall on scalpers and insiders who manage to enter and exit positions at volatility peaks.
According to the expert, there is a real risk that after a possible price collapse, the founder may distance herself from the project, leaving investors with losses, citing the fact that the tokens were created solely as collectibles.
From an investment point of view, the $MELANIA memcoin should not be considered as a long-term investment. The token may be of interest only to experienced traders who own scalping techniques and have a good understanding of the risks of the cryptocurrency market, the expert said.
"Memcoin $MELANIA should be perceived solely as a high-risk speculative instrument, not a serious investment. Participation in trading such assets requires significant experience and a deep understanding of the risks of the cryptocurrency market. For the majority of investors, a more reasonable decision would be to refrain from participating in such speculative projects, regardless of their connection with well-known political figures", - summarized Antonov.
The information in the material is not an investment recommendation.
Before that, on January 9, BitRiver financial analyst Vladislav Antonov told "Izvestia" about the factors influencing the growth of cryptocurrency. According to the specialist, the most important factor becomes the political support of the crypto industry. The position of US President-elect Donald Trump has undergone significant changes - from skepticism to active support. His intention to make the United States the world's cryptocurrency capital may significantly affect the development of the entire industry, creating a more favorable regulatory environment to attract new institutional investors.
