What to know:
- In a dazzling display of digital audacity, Donald and Melania Trump have birthed two memecoins in a mere three days. 🎉
- On-chain data, that mystical oracle, reveals they’re up a staggering $40.9 billion on these tokens. 💰
- But wait! There’s a tantalizing chance that the team holds other tokens through various wallets, potentially inflating their total haul to a jaw-dropping $2.3 trillion. 😲
- However, cashing out that amount? A Herculean task, as they own the lion’s share of the supply, and vesting rules are like a strict librarian—no quick sales allowed! 📚
Our illustrious U.S. President, Donald Trump, alongside his entourage, has already raked in tens of billions of dollars in profits (at least on paper, mind you) from the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens that have recently graced the Solana blockchain. 🤑
Currently trading at a princely $42, TRUMP has skyrocketed to an $8.8 billion market cap, securing its place as the 25th largest coin in the vast crypto cosmos, just trailing behind some CoinDesk 20 luminaries like polkadot (DOT) and litecoin (LTC). (For those unacquainted, the CoinDesk 20 is an index of the top 20 cryptocurrencies by market cap, excluding memecoins, stablecoins, and exchange coins—because who needs those, right?)
MELANIA, in its own right, has ascended to a $945 million market cap, proudly claiming the 121st position among token projects. 🏆
On-chain data, that ever-watchful guardian, indicates that the TRUMP treasury wallet is currently cradling a staggering $35.5 billion of the token, plus an additional $17.5 billion in other memecoins named after Trump family members, including the ever-adorable Eric Trump and the enigmatic Kai Trump. The wallet that launched the Official Trump has $622 million in the token and a jaw-dropping $162 billion in other coins, including $147 billion in a memecoin named after Vice-President J.D. Vance. Unlike the Trumps, Vance has not graced social media with the announcement of his own memecoin—perhaps he’s just too busy? 🤔
The Trump team has a different strategy for MELANIA. Approximately 77% of the token’s supply is nestled in three wallets, two of which are labeled on Solscan as belonging to the Melania team, alongside a fourth wallet that holds a modest 3.7% of the supply. Assuming all four wallets belong to the MELANIA team, the Trump family is currently sitting on a cool $4.8 billion worth of that token. 💸
Notably, two of these wallets—dubbed Melania Treasury and Melania Liquidity on Solscan—own a combined 33.7% of the MELANIA supply and also hold $295 billion worth of the VANCE token. In fact, a whopping 25% of the VANCE token’s supply is nestled between these two MELANIA wallets and the TRUMP launch wallet. Talk about a cozy arrangement! 🛋️
Counting just the Official Trump and Melania Meme coins, the Trump team may be clutching roughly $40.9 billion on-chain. But if we factor in all the other coins these wallets are hoarding, that number leaps to an eye-watering $810 billion. 💥
And considering that the MELANIA and TRUMP wallets possess a colossal amount of the VANCE token supply, it’s likely they are operated by the same entity that launched VANCE in the first place. If that’s the case, it’s worth noting that the VANCE treasury currently holds nearly $1.5 trillion worth of the memecoin. For context, bitcoin‘s (BTC)
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2025-01-20 21:16