U.S. President Donald Trump and his entourage have already made tens of billions of {dollars} in earnings (not less than on paper) off of the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens that launched on Solana within the final three days.
Now buying and selling at $42, TRUMP has surged to a $8.8 billion market capitalization, making it the twenty fifth largest coin in the entire crypto ecosystem, simply behind some CoinDesk 20 cash corresponding to polkadot (DOT) and litecoin (LTC). (The CoinDesk 20 is an index of the highest 20 cryptocurrencies by market cap excluding memecoins, stablecoins and change cash).
MELANIA, for its half, has risen to a $945 million market cap, inserting it 121st place amongst token initiatives.
On-chain information exhibits that the TRUMP treasury pockets at present holds $35.5 billion of the token, plus $17.5 billion in different memecoins named after Trump members of the family together with Eric Trump and Kai Trump. The pockets flagged as having launched Official Trump has $622 million within the token and nearly $162 billion in different cash, together with $147 billion one other memecoin named after Vice-President J.D. Vance. In contrast to the Trumps, Vance didn’t point out on social media that he was launching a memecoin.
The Trump group holds MELANIA in a unique configuration. About 77% of the token’s provide is held in three completely different wallets, two of which have been labelled on Solscan as belonging to the Melania group alongside a fourth pockets, which holds 3.7% of the availability. Assuming all 4 wallets belong to the MELANIA group, the Trump household at present holds $4.8 billion price of that token.
Importantly, two of those wallets — labelled Melania Treasury and Melania Liquidity on Solscan — which personal 33.7% of the MELANIA provide between the 2 of them, additionally every maintain $295 billion price of the VANCE token. Actually, 25% of the VANCE token’s provide is held between these two MELANIA wallets and the TRUMP launch pockets.
Counting simply the Official Trump and Melania Meme cash, the Trump group could also be holding roughly $40.9 billion on-chain. But when we add the entire different cash these wallets are holding, that quantity jumps to roughly $810 billion.
And contemplating that the MELANIA and TRUMP wallets personal an enormous quantity of the VANCE token provide, it’s probably they’re operated by the identical entity that launched VANCE within the first place. In that case, it’s price mentioning that the VANCE treasury at present holds nearly $1.5 trillion price of the memecoin. For reference, bitcoin’s (BTC) total market cap is is hovering at round $2 trillion. The entourage’s grand complete holdings might be price roughly $2.3 trillion, not less than on paper.
After all, that doesn’t imply the Trump group will be capable to liquidate that a lot. It’s very a lot paper wealth. These wallets personal a large quantity of every token’s provide, so if Trump’s group begins to take revenue, the promoting strain will probably crater the market. It can not notice $35.5 billion in good points off of a coin with a $8.8 billion market capitalization, and the identical points apply to the MELANIA and VANCE tokens.
Moreover, the Official Trump and Melania Meme initiatives have vesting schedules — which implies holders can not promote their tokens each time they need. The Trump group must wait not less than three months to start promoting, and, even then, they’ll solely be capable to take revenue slowly, just a few cash at a time. The Melania Meme mission, in the meantime, will start unlocking in lower than 30 days.
