Donald and Melania Trump’s Memecoins Rocket to $40.9 Billion on Paper Amid $2.3 Trillion Token Speculation

Donald and Melania Trump’s Memecoins Rocket to $40.9 Billion on Paper Amid $2.3 Trillion Token Speculation

In an unexpected twist in the crypto space, former U.S. President Donald Trump and former First Lady Melania Trump launched two memecoins — Official Trump (TRUMP) and Melania Meme (MELANIA) — within the last three days. The tokens, created on the Solana blockchain, have stirred massive market activity, with on-chain data suggesting that the Trump entourage’s holdings across multiple wallets could be worth an astonishing $2.3 trillion on paper.

Market Performance of TRUMP and MELANIA Tokens

The TRUMP token, trading at $42, has catapulted to an $8.8 billion market capitalization, securing its position as the 25th largest cryptocurrency, rivaling established tokens like Polkadot (DOT) and Litecoin (LTC). Meanwhile, the MELANIA token boasts a $945 million market cap, placing it among the top 150 crypto projects.

On-chain data reveals that the Trump team holds an estimated $35.5 billion in TRUMP tokens, alongside significant stakes in other Trump-themed memecoins, such as those named after family members Eric Trump and Kai Trump.

Expanding Wealth Across Trump-Themed Tokens

The Trump team’s wallets collectively hold $40.9 billion in the TRUMP and MELANIA tokens alone. However, their paper wealth escalates dramatically when including other holdings, such as the VANCE token named after Vice President J.D. Vance. Notably, 25% of the VANCE token supply — valued at $1.5 trillion — is controlled by wallets linked to the Trump team, potentially connecting them to the token’s launch.

Challenges of Liquidating Paper Wealth

Despite the eye-popping valuations, this wealth remains largely theoretical. The Trump team owns a significant portion of the total supply of these tokens, meaning that any attempt to sell would trigger steep price drops due to selling pressure. Moreover, vesting schedules tied to TRUMP and MELANIA prevent immediate sales, with the earliest unlocks beginning in under 30 days.

The Bigger Picture

While the TRUMP and MELANIA tokens have become overnight sensations, questions linger about the sustainability of such projects and their broader implications for the crypto ecosystem. Critics argue that these memecoins, while generating significant buzz, highlight speculative excess in the market.

Whether this marks the beginning of a new trend in high-profile memecoins or a fleeting moment of market mania, the Trump memecoins have undeniably reshaped the narrative around celebrity-driven crypto projects.