3 Wild Statistics From the Melania and Trump Meme Coins

Official Trump (TRUMP) and Official Melania (MELANIA) – the Trump meme coin family has taken the cryptocurrency world by storm – but 3 fun facts?

Cryptocurrencies are undoubtedly one of the most volatile markets. You can earn millions or lose a large part of your capital instantly. It is also a unique space full of extraordinary moments.

For example, who would have predicted that PNUT would launch and quickly rise to over $1 billion in market capitalization? Likewise, just as Elon Musk often posts about X and sometimes amplifies certain stories, his support for Donald Trump has also become a highlight of 2024.

Shortly before taking the oath of office on January 20, President he decided to do it set the record straight: there will only be one official TRUMP coin. To accomplish this mission, the TRUMP token arrived on the market on January 18, after hours, just when everyone had closed their doors and was waiting for the weekend.

TRUMP is a meme coin and has no use. You can compare it with Pepe and other meme coins on Solana. Hours later, TRUMP prices rose as high as $75 before retracing on Monday. And the dump happened because Melania Trump, the first lady, also launched her token, MELANIA.

Interestingly, both tokens have a market capitalization in the billions. Some people made money, some bought the spikes, and some couldn’t handle the volatility.

In all this important observations had to be made and three risky statistics emerged.

1. TRUMP and MELANIA fueled the onboarding of records

TRUMP and MELANIA meme coins are Truly extraordinary. After launching, they achieved what only a few crypto projects have done: unprecedented retail participation.

An analyst from For example, their researchers found that 50% of these token holders were first-time Solana token holders.

Image

(Source)

At the same time, 47% of them created crypto wallets on the same day the token was launched. Additionally, 83% of all holders have less than $1,000 in SOL assets. This means that most of them are resellers, willing to take advantage of it high volatility and even earn money.

So far the Solscan data shows this that are there over a million Holders of TRUMP and MELANIA tokens.

2. The surge

Even though prices have calmed down from their peaks, the pace at which TRUMP and MELANIA tokens cannot go unnoticed.

TRUMP soared to a market capitalization of $15 billion, fueled by FOMO trading and social media buzz. Traders who bought at around $5 are still up 740% despite prices having fallen to around $35 at the time of writing.

(Source)

Once MELANIA was launched, everyone was waiting; THE The token has risen to a market capitalization of nearly $2 billion. Those who bought at around $3 gained more than 400% when prices rose to $13 on Monday.

Second CoingeckoTRUMP is now the third most valuable meme coin only after Dogecoin and Shiba Inu.

(Source)

3. Concentration

This is an ugly statistic that everyone doesn’t want to see. Usually, whenever a token launches and the issuing address owns more than 60% of the total supply, get ready for a pull pull. It’s happened so many times everyone is cautious.

However, it appears that the FOMO in the TRUMP and MELANIA tokens far outweighs the fear of a rug.

According to Solscan, a wallet controls 80% of all TRUMP tokens. Meanwhile three addresses control over 70% of all MELANIA coins.

(Source)

Will it affect airdrop tokens?

Only time will see.

There is little chance that the whales they control will discharge themselves, at least for now. These addresses will be carefully monitored.

EXPLORE: 10 High Yielding Coins: Cryptocurrency Predictions 2025

Join the 99Bitcoins News Discord here for the latest market updates

The post 3 Wild Statistics From the Melania and Trump Meme Coins appeared first on 99Bitcoins.

Leave a Comment