🤪 Trump & Melania Memecoin Madness!

Donald Trump launched a memecoin and it rallied to over $70! Then Melania launched her coin causing Trump's to crash.

Jan 19, 2025

Hey Thinkers 💡

On Friday night, days ahead of his inauguration, President-elect Donald Trump launched his own memecoin, $TRUMP, sending shockwaves through the crypto world. Within 48 hours, the coin skyrocketed to over $70, landing at the 14th spot on the crypto market cap list. With a staggering 1,000% gain since launch, the $TRUMP token is shaping up to be one of the most sensational crypto stories of the year.

A mystery investor reportedly poured $1 million into $TRUMP at $0.18 during its launch. The position is now worth approximately $420 million—a jaw-dropping return.

📝 Coin Details

Blockchain: $TRUMP is issued on the Solana blockchain.
Tokenomics:
- Initial circulating supply: 200 million tokens, scaling to 1 billion over three years.
- Public allocation: A concerning 10%, raising questions about decentralization and fairness.
- 80% of the supply is controlled by Trump-affiliated entities:
  - CIC Digital LLC
  - Fight Fight Fight LLC
- Token unlock schedule: Over a three-year period.
Market Listings: $TRUMP has already been listed on major exchanges, including Binance, Kraken, and Coinbase, contributing to its meteoric rise.

👗 Enter Melania

Today, Melania decided to join the memecoin party and announce her own coin $MELANIA. And you guessed it, its built on Solana as well.

Her public token distribution is slightly higher than Trumps at 15%.

After the announcement of Melania’s coin, Trump’s coin dumped to around $40.

💥 Market Reaction

The crypto community is sharply divided:

Critics: View the memecoin as a potential grift or embarrassment for the crypto industry.
Optimists: See this as a landmark moment, bringing mass attention and legitimacy to digital assets.
Neutral observers: Warn of the risks associated with memecoins and the potential for rug pulls or unsustainable speculation.

Caitlin Long, Founder and CEO of Custodia Bank, weighed in:

“Trump's memecoin embrace can rightly be read as an attack on Wall Street's monopoly by legitimizing online capital formation... But it also just enabled what's likely to be a stunning amount of grifting & BS.”

🧠 My Thoughts

While this move has undeniably captured the public’s attention, I believe this sets poor optics for a President. The potential for a rug pull or bad outcomes could reflect poorly not only on Trump but also on the broader crypto industry. That said, memecoins are inherently risky, and if you’ve done your research and are profiting, congratulations!

Reminder: Always invest only what you can afford to lose and do thorough research before diving into speculative assets.

🚀 Can $TRUMP Enter the Top 5?

If $TRUMP continues its meteoric rise and breaks into the top 5 market cap list, it could redefine the crypto landscape. Such a move might:

Attract celebrities, politicians, and influencers to launch their own tokens.
Steal liquidity from other established projects like XRP, Solana, Ethereum, and Cardano.
Spark a wave of regulatory scrutiny around memecoins and their societal impact.

What’s Next?

The $TRUMP memecoin phenomenon is both a sign of crypto’s growing influence and a potential cautionary tale. Whether it’s a fleeting trend or a game-changing moment remains to be seen. Either way, this is a weekend that will be remembered in crypto history.

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