The debut of memecoins based on Donald Trump and Melania Trump have grabbed all the attention in the crypto markets. Both the coins have been trading well above expectations, making it clear that the crypto community is in full support of the launch.
However the launch of the memecoins based on two major members of the Trump family has now raised questions in the minds of many that will the trend see other members of the Trump family also debuting memecoins based on them.
Will Other Trump Family Memebers Debut Their Own Memecoins?
With the rapid success of both the $MELANIA and $TRUMP memeocin success, investors have started making bets about the possibility of other members of the family jumping on the same bandwagon.
Though it is currently not clear if the president elect and the incoming first lady were the only two to step a foot directly into the crypto world, the possibility of others joining still remians high.
In such an event, market participants will have a keen eye on the trading volumes, price and other parameters of each of the coins in the future.
$Melania Trump Memecoin Gets Increased Market Attention After Launch
On the night before her husband’s inauguration as US president, Melania Trump, the incoming first lady, introduced a cryptocurrency that is inspired by her.
The move follows the creation of the $Trump cryptocurrency by President-elect Donald Trump. Despite their ascent, both coins have had erratic trading since their launch.
Trump Family Memecoins See Great Success But With a Disclaimer
Both the $Trump and $Melania coins’ websites contained disclaimers stating that they were “not intended to be, or the subject of” a security or an investment opportunity.
The CoinMarketCap website states that $Melania’s entire market value is approximately $1.7 billion, whereas $Trump’s is approximately $12 billion.
There are one billion TRUMP tokens in circulation. During the following three years, 200 million of the one billion TRUMP tokens that are now in circulation will be made available.
TRUMP is 80% owned by two Trump Group companies, CIC Digital LLC and Fight Fight Fight LLC, although they are subject to a three-year unlocking plan.
Also Read: Crypto Trader Turns 2,500 $SOL Into $66M With $MELANIA Token Trade
Trump’s Acceptance For Crypto Comes After Previous Hesitation Towards Digital Assets
Interestingly, Donald Trump’s current pro-crypto stance is a complete opposite of his previous aversion towards the asset.
However, after calling cryptocurrency a “scam” in the past, Trump became the first presidential contender to accept donations in the form of digital assets during the 2024 election campaign.
Additionally, Trump stated throughout the campaign that he would designate financial regulators who have a more favourable attitude towards digital assets and establish a strategic bitcoin stockpile.
Also Read: Jupiter Exchange And Meteora Lead The Charge In $TRUMP Token’s Successful Debut