Melania Trump, wife of former U.S. President Donald Trump, has unveiled her own cryptocurrency token, $MELANIA, in a surprising announcement on Twitter.
This latest move by the Trump family into the cryptocurrency sector is already sparking widespread debate and scrutiny.
Tokenomics Overview
The $MELANIA token comes with a total supply of 1 billion tokens, distributed as follows:
– Team Share: 35%
– Treasury: 20%
– Community Allocation: 20%
– Public Offering: 15%
– Liquidity Provision: 10%
What sets $MELANIA apart is its accelerated unlock schedule. Unlike Donald Trump’s $TRUMP token, which has a three-year vesting period for team shares, the $MELANIA team tokens will be fully unlocked in just 30 days. Starting from the 30th day, 10% of the team share will be unlocked, with the remainder distributed linearly over 12 months, completing by the 13th month.
Impact on $TRUMP and Crypto Markets
The introduction of $MELANIA has caused ripples in the cryptocurrency world. With an FDV (fully diluted valuation) of $12.9 billion, it has already surpassed $TRUMP’s current market valuation of $9 billion. Meanwhile, Bitcoin (BTC) is hovering around $100,000, and Solana (SOL) is reclaiming its recent gains.
This new development raises questions about the Trump family’s motives in the cryptocurrency space. Critics are speculating whether this move is genuinely innovative or merely a strategy to capitalize on the hype surrounding meme coins and presidential ambitions.
Token Distribution Raises Eyebrows
Analysis of the on-chain activity reveals that the development team has allocated 870 million tokens to five wallets. While three wallets remain dormant, two wallets (7Wk1V…xdMkA and 3XKsc…t6uKu) are actively adding liquidity.
Final Thoughts
The launch of $MELANIA adds another layer of intrigue to the Trump family’s foray into cryptocurrency. However, it has also intensified scrutiny over their influence in the market, with some accusing them of exploiting the sector for personal gain. The coming months will reveal whether $MELANIA cements itself as a legitimate player or just another controversial meme token.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.