Yigit Taha OZTURK 
Melania Trump launched a memecoin after Donald Trump’s TRUMP token peaked at $15 billion and then dropped nearly 40%.
TRUMP Token Loses 38%
The controversial memecoin of U.S. President-elect Donald Trump dropped 38% after his wife, Melania Trump, launched her own token. The memecoin, named MELANIA, reached a market cap of $6 billion in just two hours.
Melania Trump promoted MELANIA on X (formerly Twitter) on Jan. 19, and the post was also shared by Donald Trump.
Data from DEXScreener shows that over 45,000 wallets purchased the token, pushing its total market cap to $6.14 billion shortly after its launch.
You Might Be Interested In: Elon Musk Shared, That Memecoin Flew: Up 500%!
Meanwhile, Trump’s TRUMP token saw $5 billion wiped off its market cap, dropping in price from $74.6 to $45.9 within 40 minutes, according to CoinMarketCap.
MELANIA Token’s Distribution
According to the MELANIA token website shared by Melania Trump:
- 35% is allocated to the team,
- 20% to treasury and community,
- 15% for public sale,
- 10% for liquidity.
However, blockchain analytics platform Bubblemaps claimed in a Jan. 19 post that nearly 90% of the supply resides in a single wallet, contradicting the stated distribution.
Rug Pull Unlikely
Coinbase executive Conor Grogan said that MELANIA is unlikely to be a rug pull but noted it appears less professionally managed compared to TRUMP.
Grogan pointed out that MELANIA’s creator wallet was funded via the Solana memecoin launchpad pump.fun.
Anonymous crypto developer “cygaar” added that the MELANIA website was created on Jan. 18, lacks cybersecurity measures, and features poorly written frontend code.
The intellectual property rights to melaniameme.com, used to launch MELANIA, are held by MKT World LLC, a company Melania Trump established in 2021. The firm shares an address with the Trump International Golf Club, according to Florida Department of State records. The memecoin launches occurred just one day before Donald Trump’s Jan. 20 Presidential Inauguration.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.