Official Trump (TRUMP) and Official Melania (MELANIA) – the Trump meme cash household took the crypto world by storm – however 3 enjoyable details?
Crypto is undoubtedly probably the most unstable markets. You can also make hundreds of thousands or lose a giant portion of your capital immediately. It’s additionally a novel area stuffed with extraordinary moments.
For instance, who would have predicted that PNUT would launch and shortly rise to over $1 billion in market capitalization? Equally, simply as Elon Musk typically posts on X and generally amplifies sure tales, his help for Donald Trump has additionally grow to be a spotlight of 2024.
Simply earlier than being sworn in on January 20, the president determined to set the document straight: There will likely be just one official TRUMP coin. To satisfy 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 may 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 feel @binance spot itemizing is coming and likewise #MELANIA is not going to stand nonetheless whereas $TRUMP wind continues
That is our final likelihood, we is not going to see him at this degree 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 Report Onboarding
TRUMP and MELANIA meme cash are actually extraordinary. After launching, they achieved what just a few 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 illustration, 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 belongings. Because of this most of them are retailers, keen to reap the benefits of excessive volatility and even generate profits.
To this point, Solscan knowledge reveals 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 not 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 almost $2 billion. Those that purchased at round $3 revamped 400% when costs rose $13 on Monday.
Based on Coingecko, TRUMP is now the third most dear meme coin solely after Dogecoin and Shiba Inu.
(Supply)
3. The Focus
This can be a unhealthy statistic that everybody doesn’t wish to see. Ordinarily, at any time when a token launches and the issuing deal with owns greater than 60% of the whole 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.
Based on Solscan, one pockets controls 80% of all TRUMP tokens. In the meantime, three addresses management over 70% of all MELANIA cash.
(Supply)
Will these deal with airdrop tokens?
Solely time will see.
There’s little likelihood that the controlling whales will dump, no less than for now. These addresses will likely be carefully monitored.
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