Donald and Melania Trump's meme coins: a fresh trend in the cryptocurrency market.

Donald and Melania Trump have entered the cryptocurrency world with the launch of their own meme coins, $TRUMP and $MELANIA, which are built on the Solana blockchain. In just a few days, the market capitalization of these assets surpassed $14 billion, which is already double the net worth of Donald Trump himself. Elena Sosedka, co-founder of Ukraine's first fintech ecosystem Concord Fintech Solutions, warns that meme coins represent an emotional trend that carries high risks, especially for long-term investments, reports UNN.

The market capitalization of meme coins exceeds the net worth of their founders

Within the first few hours after launch, the market capitalization of $MELANIA reached $1.9 billion, and just a few days later, it exceeded $4 billion. The meme coin $TRUMP, launched earlier, achieved a market capitalization of $10.7 billion, which is more than double Donald Trump's personal fortune, estimated by Forbes at $5.2 billion.

"This phenomenon highlights the uniqueness of the crypto market, where a digital asset created based on the brand of a well-known personality can have a higher market capitalization than the actual wealth of that individual accumulated over a lifetime," noted Elena Sosedka in an exclusive comment to UNN.

A new trend among market leaders

The launch of the Trump meme coins has already sparked a wave of discussion in the crypto community. Elena Sosedka suggests that this could herald a new trend among global leaders and influencers.

"In the near future, we may see the launch of meme coins by other famous figures who will attempt to leverage their names and popularity to create similar digital assets," added the fintech expert.

Features of meme coins

She explains that meme coins, such as $MELANIA and $TRUMP, are based on emotional interest and brand popularity rather than on intrinsic economic value. "Their success depends on the ability to stay in the public eye through media and marketing. However, due to high volatility, such assets remain extremely risky for investment," Elena Sosedka clarified.

The expert warns that investors should carefully weigh the risks before investing in meme coins. They are more suited for short-term speculation than for long-term investments.

"The Trump meme coins are a vivid example of how famous names can transform into digital assets with impressive market capitalization, but investors should remember their instability," emphasized Elena Sosedka.

Reminder

Earlier, Elena Sosedka discussed what to pay attention to when investing in meme coins.

Additionally

UNN has published a series of articles exploring digital currencies and their potential. Our first piece focused on the underlying technology of cryptocurrencies - blockchain: "Crypto for Dummies". Part 1: What is blockchain and its "features" that few know about.

The second article discusses Bitcoin halving: "Crypto for Dummies". Part 2: What is halving, and why does it cause a stir in the cryptocurrency market.

The third article: "Crypto for Dummies". Part 3: A step-by-step guide on how to buy a cryptocurrency.

The fourth article: "Crypto for Dummies". Part 4: What are coins and tokens, and what are their differences.

The fifth article: "Crypto for Dummies". Part 5: Cold and hot wallets

The sixth article: "Crypto for Dummies". Part 6: Safety when using cryptocurrency exchanges and exchangers