3 Wild Statistics From the Melania and Trump Meme Coins

Official Trump (TRUMP) and Official Melania (MELANIA) – the Trump meme cash household took the crypto world by storm – however 3 enjoyable information?

Crypto is undoubtedly one of the vital risky markets. You can also make tens of millions or lose an enormous portion of your capital immediately. It’s additionally a novel house crammed with extraordinary moments.

For instance, who would have predicted that PNUT would launch and rapidly rise to over $1 billion in market capitalization? Equally, simply as Elon Musk typically posts on X and typically amplifies sure tales, his assist for Donald Trump has additionally turn into a spotlight of 2024.

Simply earlier than being sworn in on January 20, the president determined to set the report straight: There will likely be just one official TRUMP coin. To meet this quest, the TRUMP token hit the market on January 18, after hours, simply when everybody had shut down and was ready for the weekend.

TRUMP is a meme coin and has no utility. You’ll be able to evaluate it to Pepe and different meme cash on Solana. Hours later, TRUMP costs shot to as excessive as $75 earlier than retracing on Monday. And the dump was as a result of Melania Trump, the primary woman, additionally launched her token, MELANIA.

I purchase $MELANIA

I believe @binance spot itemizing is coming and in addition #MELANIA won’t stand nonetheless whereas $TRUMP wind continues

That is our final likelihood, we won’t see him at this stage once more.

Dont fade bro pic.twitter.com/VUryA2aJew

— Andrew (@SolAndrew_) January 22, 2025

Apparently, each tokens command billions in market cap. Some individuals made cash, some purchased the peaks, and others couldn’t abdomen the volatility.

Amid all this, essential observations have been to be made, and three wild statistics emerged.

1. TRUMP and MELANIA Fuelled File Onboarding

TRUMP and MELANIA meme cash are really extraordinary. After launching, they achieved what only some crypto initiatives have performed: Unprecedented retail participation.

One analyst on X shared findings from Chainalysis that reveal these two meme cash onboarded new customers to Solana. As an example, their researchers discovered that fifty% of those token holders have been first-time holders of Solana tokens.

(Supply)

On the identical time, 47% of them created crypto wallets on the identical day the token launched. Moreover, 83% of all holders personal lower than $1,000 in SOL property. Which means most of them are retailers, keen to benefit from excessive volatility and even become profitable.

Thus far, Solscan information exhibits that there are over a million TRUMP and MELANIA token holders.

2. The Surge

Whereas costs have cooled off from their peaks, the tempo at which TRUMP and MELANIA tokens can’t go unnoticed.

TRUMP surged to a $15 billion market cap, fueled by FOMO buying and selling and social media buzz. Merchants who purchased at round $5 are nonetheless up 740% regardless of costs falling to round $35 when writing.

(Supply)

As soon as MELANIA launched, everybody was ready; the token climbed to a market cap of practically $2 billion. Those that purchased at round $3 revamped 400% when costs rose $13 on Monday.

In keeping with Coingecko, TRUMP is now the third Most worthy meme coin solely after Dogecoin and Shiba Inu.

(Supply)

3. The Focus

It is a dangerous statistic that everybody doesn’t need to see. Ordinarily, at any time when a token launches and the issuing deal with owns greater than 60% of the full provide, put together for a rug pull. It has occurred so many occasions that everyone seems to be cautious.

Nevertheless, it seems that the FOMO within the TRUMP and MELANIA tokens far exceeds the concern of a rug.

In keeping with Solscan, one pockets controls 80% of all TRUMP tokens. In the meantime, three addresses management over 70% of all MELANIA cash.