Against the backdrop of the impressive success of memcoins from Donald Trump and his wife Melania, deputies of the State Duma of the Russian Federation are thinking about launching similar assets.
Russian State Duma deputy from the LDPR party Yaroslav Nilov proposed creating a cryptocurrency in honor of the 80th anniversary of the founder of the LDPR, Vladimir Zhirinovsky. About the parliamentarian wrote in your Telegram channel.
Russian Trump
According to Nilov, the idea of creating a memcoin dedicated to Zhirinovsky was inspired by recent events in the United States. Last weekend, American President-elect Donald Trump launched his own token – Official Trump (TRUMP). Following him, the first lady of the United States, Melania, issued a coin.
In a matter of hours, TRUMP’s capitalization exceeded $13 billion. Memcoin broke into the top 20 largest cryptocurrencies on the market. However, the value of the coin soon fell, causing volatility throughout the crypto market. For this, Trump received a barrage of criticism from cryptans.
The deputy emphasized that he will discuss issues related to the technical and legal aspects of creating a “meme” coin for Zhirinovsky with deputy Andrei Lugovoy, who heads the expert council in the State Duma under the working group on legislative regulation of cryptocurrencies.
Nilov added that Zhirinovsky is very similar to Trump in temperament. That is why such a topic as the creation of a memcoin dedicated to a Russian politician deserves special attention, the parliamentarian believes.
The anniversary of Vladimir Zhirinovsky will take place on April 25.
Such an extraordinary initiative will likely attract the attention of cryptans, but is unlikely to reach Trump’s level. According to CoinMarketCapat the time of writing, the market value of TRUMP exceeds $9 billion, and the token price is $48.96.
Capitalization of memcoin MELANIA meanwhile exceeded $1.6 billion. The asset is currently trading at $8.36.
Stay informed! Subscribe to World Stock Market in Telegram.
Source: Cryptocurrency

I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.