Could Donald Trump and his wife Melania create their own memecoins? They can and did exactly that before the political coronation! TRUMP and MELANIA are not only a blockchain and political curiosity, but also record volumes, increases and decreases. The US presidential couple decided to enter the memecoin market with a bang. Do you regret missing the chance to run TRUMP and MELANIA? It doesn’t matter, there are still a few people in the presidential family who can release their coins 😉
TRUMP – record-breaking presidential memecoin
President Donald Trump has promised that when he wins the election again, he will make the US the cryptocurrency capital of the world. As you can see, he doesn’t mince words and even wants to enter the digital assets market on his own, actively building it. Okay, that sounds nice, but are you sure that was Trump’s motive when he and his team released the presidential memecoin? Speculators and investors are sharply divided on this issue.
However, let’s not anticipate the facts – memecoin TRUMP debuted on the market (more precisely, on the Bitget exchange) on January 18, 2025 at 10:00 UTC. The president-elect announced the launch of his own memecoin on January 17 on his social media. No matter what, the US president’s team has no control over social media, as we witnessed a few hours after TRUMP was launched. Memecoin based on the Solana blockchain aroused so much interest that its value skyrocketed with the force of Elon Musk’s Falcon rocket. In a few hours, the capitalization of memecoin exceeded USD 10 billion – yes, billions, it’s not a typo!
Fight, fight, fight! – rapid growth and rapid decline
Everyone can see what memecoins are – to paraphrase the classic. Memecoins are a very specific type of cryptocurrencies that are inherently characterized by liquidity and a tendency to quickly rise and fall. The TRUMP token is a perfect example of this characteristic, because the presidential memecoin first rose from the base price of USD 6.54 to USD 72.62 within a dozen or so hours, and then fell by almost 40% to USD 44.08.
It is worth adding that in the first hours after TRUMP’s launch, many investors suspected that it was an ordinary punch-and-dump scam. These suspicions are not unfounded, because 2024 perfectly showed the potential for fraudsters of the so-called influcoins, i.e. memecoins signed with the images of influencers.
TRUMP is just the beginning… MELANIA enters the living rooms
January 19, 2025 – two days after the US President, the future (and now current) First Lady created her memecoin. Melania announced the launch of the MELANIA token on the X platform and encouraged investors to buy memecoin. In the case of the First Lady’s memecoin, the numbers are also impressive – within just 30 minutes of launch, memecoin reached a market capitalization of approximately USD 4 million. At the time of writing this article (January 20, morning hours), the capitalization exceeded USD 1.4 billion!
Presidential memecoins under the microscope of analysts – scam or businessman?
Blockchain analysis conducted by the Bubblemaps platform showed that almost 90% of the token supply is in one wallet, which contradicts distribution declarations. Despite this disturbing information, over 45,000 wallets purchased the MELANIA token, which indicates high interest in the project. Cryptocurrency experts such as Conor Grogan of Coinbase suggest that Project MELANIA is less organized than TRUMP and may have been created by a less experienced team.
Technical problems and lack of professionalism
Criticism of the new memecoin does not end with unequal distribution. An anonymous developer known as “cigaar” pointed out that the MELANIA website was created a day before the token’s launch, does not use basic security measures such as Cloudflare, and has underdeveloped frontend code. Moreover, the domain “melaniameme.com” belongs to MKT World LLC, which shares a business address with Trump International Golf Club, which only fuels speculation about the professionalism of the project.
Will presidential memecoins inaugurate the altcoin season?
Although green is showing off more and more on the cryptocurrency market charts, investors are still waiting for strong increases in altcoins. The latest results of SOL and XRP show that something is up – you could say that they are cryptocurrency swallows heralding the start of the altcoin season. XRP is approaching the historic ATH set back in 2018. In turn, SOL set an ATH of USD 293.31 on January 19, 2025.
Despite the controversy surrounding MELANIA and TRUMP, the popularity of memecoins is not decreasing. They are seen as speculative instruments, but also as a form of digital entertainment and a way to attract attention to new blockchain technologies. In the case of TRUMP and MELANIA, the question remains whether this is another attempt to build the Trump brand or a real innovation on the market. One thing is certain – memecoins, although risky, remain an important element of the cryptocurrency ecosystem and attract both investors and speculators.
You can buy Bitcoin and other cryptocurrencies in a simple and safe way on the zondacrypto exchange.