$TRUMP & $MELANIA Meme Coins: All You Need to Know

US President Donald Trump and First Lady Melania Trump sent the cryptocurrency markets into frenzy in January 2025 by launching their official meme coins.

The TRUMP and MELANIA tokens have drawn global attention to meme coins after surging to a combined market cap of over $9.4 billion within four trading sessions.

What are TRUMP and MELANIA tokens? Let’s find out.

Table of Contents Table of Contents

1. Key Takeaways
2. What Is the Official Trump Meme Coin?
3. What Is the Official Melania Meme Coin?
4. Reactions to TRUMP & MELANIA Launch
5. TRUMP & MELANIA Token Analysis
6. The Bottom Line
7. FAQs
8. References

Show Full Guide

Table of Contents

1. Key Takeaways
2. What Is the Official Trump Meme Coin?
3. What Is the Official Melania Meme Coin?
Show Full Guide
4. Reactions to TRUMP & MELANIA Launch
5. TRUMP & MELANIA Token Analysis
6. The Bottom Line
7. FAQs
8. References

What Is the Official Trump Meme Coin?

The Official Trump meme coin (TRUMP) is a cryptocurrency launched by Donald Trump in celebration of his 2024 US presidential election win.

The TRUMP token launched on the Solana (SOL) blockchain on January 18, 2025 – two days before Trump’s inauguration as the 47th president of the United States.

According to its official website, the TRUMP token was created to “celebrate our win & have fun.” The website said that the token is intended to be used as an “expression of support” for the US president and is not an “investment opportunity.”

TRUMP is not the first meme coin to be affiliated with the US President. In 2024, Trump-affiliated DT Marks DEFI LLC launched the World Liberty Financial (WLFI) token.

My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC

— Donald J. Trump (@realDonaldTrump) January 18, 2025

What Is the Official Melania Meme Coin?

The Official Melania meme coin (MELANIA) is a cryptocurrency launched by US First Lady Melania Trump on January 20, 2025.

Just like the TRUMP token, MELANIA was launched on the Solana blockchain. Other similarities between the two tokens include disclaimers that the MELANIA token is just an “expression of support” and not an “investment opportunity.”

The Official Melania Meme is live!

You can buy $MELANIA now. https://t.co/8FXvlMBhVf

FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6

— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025

Reactions to TRUMP & MELANIA Launch

There is no doubt that the launch of official Donald and Melania Trump meme coins showcase the US presidential family’s enthusiasm and support for the crypto industry, but the poor reputation and risks related to the meme coins has led to mixed reactions from the crypto community.

For context, meme coins are seen as highly speculative crypto tokens without use cases. Meme coins are often associated with pump-and-dump schemes and rug pulls.

Nic Carter, general partner at venture capital firm Castle Island Ventures, posted on X:

“Call me old fashioned but I think presidents should focus on running the country and not launching scam tokens.”

Carter went on to add that personal meme coins like TRUMP and MELANIA could open the door to “to secretive foreign buyers trying to curry influence with our leaders,” referring to former US president Joe Biden’s son Hunter Biden, who was accused of using his art career to “peddle influence in and access to the White House.”

Basically, we used to have an informal rule that presidents wouldn’t start or run businesses that could pose a conflict of interest. Creating a bunch of memecoins and defi protocols opens the possibility to rampant violations of the emoluments clause. Not to mention the obvious…

— nic golden age carter (@nic__carter) January 20, 2025

Elsewhere, Hailey Lennon, partner at law firm Brown Rudnick, added:

“I don’t think Trump knows or cares what the ramifications of his meme coins are besides his short term personal profit.”

Similarly, Hong Kong-based crypto market expert Willy Woo criticized the TRUMP token launch in a podcast, saying:

“I am really curious why someone relatively smart like Trump would do something so stupid. Because you think about it. It’s a meme coin. There is no underlying value. There is no technology behind it. You mint on Solana and you trade this bubble.”

In contrast, Markus Thielen, co-founder of research firm 10x Research, saw the TRUMP token lauch as a moment of celebration for crypto. He wrote in a research report:

“While many dismiss $TRUMP as just another meme coin, it is more accurately classified as a ‘fan token.’ Holders use it to celebrate the market gains following his November election and express support for potential crypto-friendly policies under Trump’s new administration. As a fan token, it also offers potential utility, with the possibility of airdropped perks such as exclusive event access, news, and other gated benefits directly to holders’ wallets.”

TRUMP & MELANIA Token Analysis

First, let’s look at how the TRUMP and MELANIA meme coins are distributed.

TRUMP Tokenomics

TRUMP has a total supply of 1 billion tokens. 200 millions tokens were created at launch. The rest of the total supply will be released over a period of three years.

Here is how the TRUMP token is distributed:

MELANIA Tokenomics

MELANIA has a total supply of 1 billion tokens. As of January 22, 2025, about 192.21 million MELANIA coins were circulating in the market.

10% of MELANIA tokens allocated to the creator team will be unlocked 30 days after launch. Meanwhile, the remaining 90% will be released linearly at 2.5% per month.

Here is how the MELANIA token is distributed:

TRUMP & MELANIA Market Performance

The TRUMP token hit an all-time high of $75.35 on January 19, 2025 – a day after launch. The meme coin has seen extremely high volatility dropping as much as 35% in an hour only to climb up over 20% in the next few hours.

The meme coin fell sharply after Donald Trump did not mention the word “crypto” in his inauguration speech. At the time of writing, the TRUMP token was trading at about $41.8, about 45% below its all-time high.

The MELANIA token has fared worse than the TRUMP token in the market. The token was trading at about $4 on January 22, 2024, about 50% below its opening price.

TRUMP was more popular among crypto investors than MELANIA with the former boasting double the number of onchain holders than the latter.

Over $21.3 billion worth of TRUMP tokens were traded over the last 24-hours, as of January 22, 2025, compared to $818.08 million worth of MELANIA tokens, data on CoinMarketCap showed.

One of the biggest winners of Trump-affiliated meme coin launches has been the SOL token, which has gained over 34% in the last seven days as of January 22, 2025. In comparison, Bitcoin (BTC) has increased 9%, and Ether (ETH) has climbed 3.6% in the same period.

SOL hit an all-time high of $294 on January 19, 2025.

“Launching $TRUMP on SOL proves to be a significant endorsement of the chain, making it plausible that the SOL ETF could gain approval much earlier than expected. With increased media exposure from similar launches, retail inflows are likely to come streaming in,” said crypto trading firm QCP Capital in a daily report via Telegram.

The Bottom Line

Many members of the crypto community believe that Trump’s official meme coin launch risks ridicule of an industry that has been fighting for legitimacy. Other critics see official TRUMP and MELANIA meme coins as vehicles that can be used to curry favor with the administration.

For meme coin investors, the high concentration – 80% of the total supply – of TRUMP meme coins among insiders such as CIC Digital is a risk that cannot be ignored.

FAQs