Memecoin Mania: TRUMP Token Crashes as Melania Trump Launches Rival MEME Token

The cryptocurrency world was rocked this week as former First Lady Melania Trump launched her own memecoin, MELANIA, causing chaos in the market for the existing TRUMP token. The drama unfolded just as Donald Trump’s TRUMP token appeared to stabilize after hitting a $15 billion market cap.

MELANIA Memecoin’s Meteoric Rise

Within 30 minutes of its launch, MELANIA skyrocketed to a $5 billion market cap, attracting over 25,000 investors. Promoted on Melania Trump’s X (formerly Twitter) account to her 3.2 million followers, the token received an immediate retweet from President-Elect Donald Trump himself, further amplifying its reach.

TRUMP Token Takes a Dive

As MELANIA gained traction, the TRUMP token—Donald Trump’s controversial memecoin—experienced a sharp decline. Within 40 minutes, its market cap plunged by 38%, wiping out $5 billion in value, according to CoinMarketCap data. The token’s price fell from $74.6 to $45.9, marking a turbulent period for TRUMP investors.

Tokenomics and Controversy

According to details released by Melania’s team, the MEME token’s supply is distributed as follows:

• 35% allocated to team vesting.
• 20% each for treasury and community.
• 15% for public distribution.
• 10% reserved for liquidity.

However, blockchain analytics firm Bubblemaps revealed that nearly 90% of the token supply is held in a single wallet, sparking concerns over centralization and manipulation.

What’s the Purpose?

While some view MELANIA as a tongue-in-cheek rival to TRUMP, the former First Lady’s team stated the token is designed to express “support” and “engagement” for her initiatives, emphasizing it’s not intended as an investment vehicle. Intellectual property rights for the project are held by MKT World LLC, which also manages the melaniameme.com website supporting the launch.

Memecoins and the Trumps’ Market Impact

The timing of MELANIA’s launch couldn’t be more dramatic, coming just a day before Donald Trump’s January 20th presidential inauguration. The rivalry between the two tokens has highlighted the volatile nature of the memecoin market, where speculative hype and celebrity endorsements often drive massive swings in value.

Investor Reactions

Reactions to the launch have been mixed. Some see the MELANIA token as a fresh and exciting addition to the memecoin space, while others criticize its centralized supply structure. Meanwhile, TRUMP token holders are grappling with the fallout from its sudden devaluation.

The Road Ahead

As the memecoin craze continues, both TRUMP and MELANIA tokens remain in the spotlight, with their values fluctuating wildly. Whether the former First Lady’s memecoin can sustain its meteoric rise or if TRUMP will recover from its latest crash remains to be seen.

For now, one thing is clear: the Trump family’s foray into the cryptocurrency world is far from over.