Official Trump Coin 38% Drop came just hours after incoming First Lady Melania Trump launched her own memecoin, MELANIA, which quickly surged to a $6 billion valuation.
According to data from DEXScreener, more than 45,000 wallets acquired MELANIA within two hours of its debut on January 19. The token’s market capitalization climbed to $6.14 billion by 9 PM UTC. At the same time, the TRUMP token—named after President-elect Donald Trump—shed nearly $5 billion in value, plummeting 38% from $74.6 to $45.9 within 40 minutes, per CoinMarketCap.
Melania Trump endorsed the memecoin on X, calling it a community-driven initiative rather than an investment. “MELANIA was created to encourage support and engagement,” the token’s official website states. Distribution details include 35% allocated to the team, 20% each to treasury and community, 15% to the public, and 10% for liquidity.
Still, blockchain analytics platform Bubblemaps noted that nearly 90% of the supply is concentrated in a single wallet, raising questions about transparency. Coinbase executive Conor Grogan commented on X: “It’s unlikely MELANIA is a rug pull, but the structure looks far less professional than TRUMP’s launch.”
Meanwhile, crypto developer “cygaar” flagged the project’s weak technical setup, noting its unprotected website and basic front-end coding. Records show the domain “melaniameme.com” is owned by MKT World LLC, a firm established by Mrs. Trump in 2021 and linked to the Trump International Golf Club.
The back-to-back token launches come on the eve of Donald Trump’s January 20 inauguration, underscoring how memecoins tied to political figures are increasingly shaping crypto speculation. With MELANIA’s rapid rise and the Official Trump Coin 38% Drop, traders now face a volatile market where politics and meme culture continue to collide.
