First Lady Melania Trump has launched a cryptocurrency meme coin named $MELANIA, following closely on the heels of her husband’s $TRUMP coin launch. This development was announced just days before Donald Trump’s inauguration, sparking significant interest and trading volume in the crypto community. The $MELANIA coin’s launch has led to a notable impact on the $TRUMP coin, causing its price to drop by around 40% as attention shifted to the new token. The $MELANIA token operates on the Solana blockchain, with a supply of 1 billion tokens, and has quickly gained a market cap of approximately $2.7 billion, although concerns about the distribution of tokens have been raised, with a significant portion reportedly held in a single wallet.
Here are more detailed insights regarding Melania Trump’s $MELANIA cryptocurrency meme coin:
- Launch Context: The $MELANIA token was launched amidst a flurry of crypto activity from the Trump family, shortly after Donald Trump’s own $TRUMP meme coin had taken the cryptocurrency market by storm. This launch came just days before Trump’s inauguration for his second term, adding to the political and financial speculation surrounding the Trump family’s involvement in cryptocurrency.
- Token Distribution: There’s been some controversy regarding the distribution of $MELANIA tokens. Reports suggest that 89% of the token supply is held in a single wallet, which contradicts the advertised allocation for treasury, team vesting, community, and public distribution as stated on the coin’s official website. This concentration of tokens raises questions about the potential for market manipulation or a “pump and dump” scheme.
- Market Impact: The introduction of $MELANIA had an immediate effect on the cryptocurrency market, particularly on $TRUMP’s value. After the announcement, $TRUMP saw a significant drop in its price, around 40%, indicating a possible dilution effect or investor shift from one coin to another within the Trump brand.
- Tokenomics: The $MELANIA coin has a total supply of 1 billion tokens. The fully diluted valuation (FDV) was reported at $2.7 billion shortly after its launch. However, the exact mechanisms for how these tokens are or will be distributed to the public, how much is locked up for the team, or how they plan to manage the token economy long-term have been points of speculation and criticism.
- Community Reaction: The crypto community on platforms like X has shown mixed reactions. Some see it as an opportunity for quick gains, while others are skeptical, viewing it as another example of celebrity crypto ventures that might not be in the best interest of the broader community. There are posts indicating that the coin’s creator might have engaged in dumping a significant amount of tokens shortly after launch, which could lead to volatility and investor losses.
- Regulatory and Ethical Concerns: The launch of meme coins by public figures, especially those in or about to enter high office, raises significant ethical questions about conflicts of interest, the potential for regulatory manipulation, and the broader impact on the cryptocurrency market’s credibility. How these developments will be viewed by regulatory bodies like the SEC, particularly in the context of Donald Trump’s incoming administration’s crypto-friendly policies, remains to be seen.
- Platform: Like many meme coins, $MELANIA is built on the Solana blockchain, known for its high transaction throughput and lower fees, making it attractive for meme coins and NFT projects.
This information is based on current reports and the crypto community’s response as of January 19, 2025.
First Lady Melania $Trump launches crypto meme coin $MELANIA