Melania Meme Coin Surges Over 20,000% After Launch

Key Points:

  • Former First Lady Melania Trump launched the $MELANIA meme coin, which surged 20,000% post-launch to stabilize at $9.71, with a market cap of $9.91B.
  • The token allocation includes 35% to the development team with a 30-day lock period, followed by a 12-month linear distribution schedule.
  • Industry experts, including former Coinbase CTO Balaji Srinivasan and Messari founder Ryan Selkis, express concerns about the project’s sustainability and potential risks.
Melania Meme Coin Surges Over 20,000% After Launch

Former First Lady Melania Trump announced the launch of her meme coin, $MELANIA, in a post-Sunday afternoon, describing the cryptocurrency as a celebration of “elegance and empowerment.”

Shortly after its launch, the price of Melania Meme Coin experienced a sharp rise, climbing over 20,000% within hours. As of this writing, the coin had stabilized at $9.71 after peaking briefly at $13 earlier in the day, while the trading volume for $MELANIA exceeded $330 million during the first few hours.

Melania Meme Coin Launch: A Celebration of Elegance and Empowerment

Melania Meme Coin Chart
Melania meme coin ($MELANIA) 1H-Chart Data, source: Dex Screener

The $MELANIA token supply is allocated as follows: 35% to the development team, 20% to a treasury fund, 20% to the community, 15% to public offerings, and 10% to liquidity.

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MELANIA Tokenomics

Unlike the $TRUMP meme coin, which has a three-year lock-in period for its team share, the $MELANIA team share is locked for only 30 days. After the initial lock-in, 10% of the team allocation (3% of the total supply) will be unlocked, with the remainder distributed linearly over the following 12 months.

Market Performance of $MELANIA and $TRUMP

MELANIA and TRUMP Meme Coin

The Melania token’s relatively short lock period has sparked discussions about its potential for short-term trading gains, though concerns about price volatility remain. As of Sunday evening, $MELANIA holds a market cap of $9.91B, according to data from DexScreener.

The $MELANIA coin’s launch follows the introduction of the $TRUMP token, which saw its value skyrocket to over $75 shortly after release. While $MELANIA has yet to reach such heights, its unique tokenomics and branding aim to attract both speculative traders and supporters of the former first family.

Fast Check
The coin’s website notes that $MELANIA is not intended to be an investment vehicle or security of any type and is marketed solely as a token of appreciation and community engagement.

A day ago, Donald Trump announced the launch of a $TRUMP meme coin through a Truth Social post on Friday evening. The announcement highlighted the cryptocurrency’s purpose of commemorating electoral success and the forthcoming presidential inauguration.

The $TRUMP token showed a massive price increase after launch. According to Dex Screener data, the token price reached $46, resulting in a $9.36 billion market capitalization at this time after peaking at $75, bringing the market cap to $15 billion.

Trump meme coin chart
Trump meme coin ($TRUMP) 1H-Chart Data, source: Dex Screener

According to the official document, the token supply started at 200 million tokens and will grow to 1 billion over three years. CIC Digital LLC and Fight Fight Fight LLC, both affiliated with the Trump Organization, control 80% of the supply. The latter company registered in Delaware on January 7. Both companies will receive revenue from trading activities.

Additionally, the $TRUMP token does not reportedly represent an investment or security and has no affiliations with political campaigns, offices, or government agencies.

Industry Reactions and Concerns Surrounding Meme Coin Projects

Industry experts have expressed varying opinions on these developments. Former Coinbase CTO Balaji Srinivasan warns that meme coins function as zero-sum instruments where price appreciation relies solely on new market buyers.

Ryan Selkis, founder of Messari and a Trump supporter, has criticized the MELANIA project’s execution, citing concerns about potential economic losses and reputational risks.

The project’s launch raises questions about regulatory compliance and influence-buying potential, as former White House Communications Director Anthony Scaramucci highlighted.

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