The $MELANIA token, launched by Melania Trump on January 19, 2025, is a meme coin on the Solana blockchain, intended as a digital collectible to express support for values associated with her, not as an investment or security. It has a capped supply of 1 billion tokens, with 541.3 million currently circulating. The token surged 21,000% in its first 24 hours, reaching a market cap of $11.4 billion, but has since crashed, trading at $0.4617 as of April 14, 2025, down 96.64% from its all-time high of $13.73.
Its market cap is now $249.9 million, ranking #157 on CoinMarketCap.Token distribution includes 35% for the team (locked for 30 days, then vesting over 13 months), 20% for the community, 20% for the treasury, 15% for public distribution, and 10% for liquidity. Critics note its lack of clear use cases, high volatility, and potential for manipulation, with some alleging insider trading and pump-and-dump schemes. Ethics concerns arise due to its launch timing before Donald Trump’s inauguration, raising conflict-of-interest questions. Posts on X mention recent dumps by Melania’s team, contributing to its decline, but these claims lack verified evidence. Always verify platforms before trading, as fake tokens exist.
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