Donald Trump and the First Lady have recently launched their memecoins, the majority of which are held by crypto whales, with 10 million in combined tokens. In the past few days, Official Trump($TRUMP) and $Melania tokens have gained major traction, with a surge in prices, trading volume, and market capitalization.
According to January 23, 2025, X post of, Chainalysis about 40 wallets, each holding more than $10 million worth of TRUMP and MELANIA tokens, own 94% of the total.
The data available on DexScreener shows that 343,000 crypto wallets own $MELANIA tokens and 790k reportedly hold $TRUMP memecoin. Chainalysis, the blockchain analysis firm, further notes that around 77 percent of $TRUMP holders have made $100 and nearly 60 whales have made over $10 million.
Chainalysis “[…] most wallets that hold $TRUMP and/or $MELANIA hold less than $100 worth, suggesting retail buying activity. But there are also several wallets holding upwards of $100M.”
It is worth noting that, Bubblemaps said in its X post dated January 22, that the data on the $MELANIA website doesn’t match the distribution data on- chain. It also notes that soon after the launch of the token 90 percent of the supply is reportedly held by a single wallet.
$TRUMP & $MELANIA to reach new heights in the near future
According to data from CoinMarketCap, $TRUMP was trading at $37.19 with an intraday decline of 12.79 percent, yet in the past seven days, the price saw a staggering growth of 472.38 percent.
Until publishing the market capitalization of $TRUMP was $7.39 billion with a decline of 13.88 percent and at the same time the trading volume was $8.73 billion with a slip of 59.04 percent.
Market observers argue that the direct association of $TRUMP with the sitting president of the United States will help the token reach new heights, and a surge in adoption and usage is also expected.
Not only the $TRUMP but the $MELANIA token has also shown a sudden decline in prices, volume, and market capitalization; when writing it was trading at $3.05 with a decline of 25.40 percent.
Soon after launch both $TRUMP and $MELANIA saw unprecedented growth, with an all-time high of $75.35 and $13.73 simultaneously. The data also notes that the proactive attitude of Mr. Trump and his administration will surely help the token of his family reach new heights with grown adoption.
OFFICIAL TRUMP (TRUMP) is the official TRUMP coin that was introduced on the Solana blockchain. Similarly, Melania Trump’s digital projects are associated with the MELANIA token, which is called OFFICIAL MELANIA (MELANIA).
Within hours of its introduction, TRUMP’s market capitalization grew to $8 billion, demonstrating the tremendous traction these coins received.
Memes, as their name implies, are usually based on a trend or joke that has no intrinsic value. In 2013, dogecoin, the first meme coin, was introduced as a “tongue-in-cheek cryptocurrency” that made light of the burgeoning bitcoin bubble.
