Donald Trump Unveils Memcoin: Success or Risk?
Date: 2025-01-21 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
TRUMP, like many memcoins of late 2024, was launched on the Solana blockchain. The first offer was 200 million coins out of a total maximum volume of 1 billion. According to the official website, 80% of the tokens are under the control of the developers - CIC Digital and Fight Fight Fight. These companies have previously participated in Trump's crypto projects, including NFT and other initiatives.
The remaining 20% is distributed between liquidity and public offering in equal shares. The creators promise to gradually introduce their tokens into circulation over three years, which has caused criticism from the crypto community. Businessman Arthur Hayes noted that this approach to distribution may make it difficult to achieve a capitalization of $ 100 billion.
TRUMP attracted attention immediately after its launch. On the largest exchanges, its price reached $77 just three hours after the start of sales, although it started at $27. On decentralized platforms, the rate at the start was below $10. Later, a correction occurred, reducing the price to $50.
Analysts noted a significant volume of purchases immediately after the start. For example, 5.9 million coins were purchased in the first minute. It is not yet clear whether this was an insider deal or an accident.
Following TRUMP, the MELANIA memecoin was launched, dedicated to Melania Trump. At its peak, its price reached $13, but later stabilized around $7. The project's capitalization was $1.48 billion, while TRUMP's was $9.58 billion.
The MELANIA tokenomics are different: 35% is the team's share, 20% are reserves, 20% are for the community, 15% are public distribution, 10% are liquidity. Creators will be able to access their share 13 months after the launch.
Analysts believe that the emergence of such memecoins has increased interest in the Solana blockchain, increasing the volume of transactions. According to forecasts, the price of TRUMP will fluctuate between $30-$80, and MELANIA - $4-$15. However, further dynamics depend on demand.
The launch of the TRUMP memecoin was a notable event that attracted the attention of investors. However, controversial tokenomics raises questions that can affect long-term prospects.
