Meme coin associated with Trump plummets following launch of Melania's own coin
Future First Lady Melania Trump unveiled her memecoin to her 3.2 million followers on X on Sunday evening, quickly garnering significant attention. Read Full Article at RT.com
TroibNews 
The launch of the new memecoin by Melania Trump this week has significantly influenced the crypto market, particularly leading to a notable 40% decrease in value for the controversial memecoin introduced by her husband, U.S. President Donald Trump.
On Sunday evening, Melania Trump announced her memecoin to her 3.2 million followers on social media, quickly gaining traction. The token, promoted across her various platforms, reportedly reached a market cap of $4 billion within just 30 minutes of its release, according to DEXScreener.
Donald Trump further enhanced the token's visibility by retweeting Melania's announcement. Almost immediately, the MELANIA token attracted around 20,000 investors, contributing to a surge in market activity. On the other hand, the TRUMP coin, which had a valuation of $15 billion earlier in the day, saw its market capitalization drop by $5 billion, based on CoinMarketCap data.
The MELANIA token is characterized on its official website as a method to "support" and "engage" with Melania Trump, but it clearly states that the token is “not intended” as an investment.
This launch occurred shortly after the TRUMP coin experienced a dramatic rise, jumping 19,000% within its first 24 hours and achieving a fully diluted market cap of $36 billion. Promoted by Trump on Truth Social and X, the token was positioned as a way for supporters to connect with the “Trump community.”
Ethics watchdogs have raised concerns about these ventures, with Citizens for Responsibility and Ethics in Washington cautioning that Trump’s business activities might lead to conflicts of interest during his presidency. Blockchain analytics firm Bubblemaps highlighted that 90% of the MELANIA token supply is concentrated in a single wallet.
Both tokens have drawn attention for their distribution strategies. According to MELANIA’s website, 35% of its supply is designated for team vesting, while the rest is allocated among treasury, community, public distribution, and liquidity. Conversely, TRUMP’s supply is structured so that 80% is held by parties affiliated with the Trump Organization, leaving only 20% available for the public and liquidity purposes.
These developments come as Trump prepares for his inauguration on January 20, during which he has vowed to establish the United States as the “crypto capital of the planet.” Paul Atkins, a known cryptocurrency supporter and Trump’s nominee for chair of the Securities and Exchange Commission, is anticipated to spearhead these initiatives. Although Trump was once a vocal critic of cryptocurrency, he has since modified his position, promising to transform the U.S. cryptocurrency landscape during his campaign.
Alejandro Jose Martinez contributed to this report for TROIB News
On Sunday evening, Melania Trump announced her memecoin to her 3.2 million followers on social media, quickly gaining traction. The token, promoted across her various platforms, reportedly reached a market cap of $4 billion within just 30 minutes of its release, according to DEXScreener.
Donald Trump further enhanced the token's visibility by retweeting Melania's announcement. Almost immediately, the MELANIA token attracted around 20,000 investors, contributing to a surge in market activity. On the other hand, the TRUMP coin, which had a valuation of $15 billion earlier in the day, saw its market capitalization drop by $5 billion, based on CoinMarketCap data.
The MELANIA token is characterized on its official website as a method to "support" and "engage" with Melania Trump, but it clearly states that the token is “not intended” as an investment.
This launch occurred shortly after the TRUMP coin experienced a dramatic rise, jumping 19,000% within its first 24 hours and achieving a fully diluted market cap of $36 billion. Promoted by Trump on Truth Social and X, the token was positioned as a way for supporters to connect with the “Trump community.”
Ethics watchdogs have raised concerns about these ventures, with Citizens for Responsibility and Ethics in Washington cautioning that Trump’s business activities might lead to conflicts of interest during his presidency. Blockchain analytics firm Bubblemaps highlighted that 90% of the MELANIA token supply is concentrated in a single wallet.
Both tokens have drawn attention for their distribution strategies. According to MELANIA’s website, 35% of its supply is designated for team vesting, while the rest is allocated among treasury, community, public distribution, and liquidity. Conversely, TRUMP’s supply is structured so that 80% is held by parties affiliated with the Trump Organization, leaving only 20% available for the public and liquidity purposes.
These developments come as Trump prepares for his inauguration on January 20, during which he has vowed to establish the United States as the “crypto capital of the planet.” Paul Atkins, a known cryptocurrency supporter and Trump’s nominee for chair of the Securities and Exchange Commission, is anticipated to spearhead these initiatives. Although Trump was once a vocal critic of cryptocurrency, he has since modified his position, promising to transform the U.S. cryptocurrency landscape during his campaign.
Alejandro Jose Martinez contributed to this report for TROIB News
