Does the Trump Entourage Hold $2.3T in Memecoins?

Trump Entourage Makes Fortunes from Meme Coins

$8.8 Billion Market Cap for TRUMP Coin, $945 Million for MELANIA Coin

U.S. President Donald Trump and his entourage have reportedly profited tens of billions of dollars from the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens launched on Solana in the last three days.

Market Performance

As of now, TRUMP is trading at $42, surging to an $8.8 billion market capitalization. This places the coin as the 25th largest in the crypto ecosystem, just behind some CoinDesk 20 coins like polkadot (DOT) and litecoin (LTC).

MELANIA, on the other hand, has risen to a $945 million market cap, ranking 121st among token projects.

On-Chain Data

On-chain data shows that the TRUMP treasury wallet currently holds $35.5 billion of the token, plus $17.5 billion in other memecoins named after Trump family members, including Eric Trump and Kai Trump.

The TRUMP wallet flagged as having launched Official Trump holds $622 million in the token and almost $162 billion in other coins, including $147 billion in a memecoin named after Vice-President J.D. Vance. Unlike Vance, who did not indicate on social media that he was launching a memecoin.

MELANIA Token Holders

About 77% of the MELANIA token’s supply is held in three different wallets, two of which have been labelled on Solscan as belonging to the Melania team alongside a fourth wallet, which holds 3.7% of the supply.

Assuming all four wallets belong to the MELANIA team, the Trump family currently holds $4.8 billion worth of that token.

Vesting Schedules

Importantly, both the TRUMP and MELANIA tokens have vesting schedules, meaning holders cannot sell their tokens whenever they wish.

The TRUMP team will have to wait at least three months to begin selling, and, even then, they’ll only be able to take profit slowly, a few coins at a time. The MELANIA token will begin unlocking in less than 30 days.

Total Holdings

Considering that the MELANIA and TRUMP wallets own a huge amount of the VANCE token supply, it’s likely they are operated by the same entity that launched VANCE in the first place.

If so, it’s worth pointing out that the VANCE treasury currently holds almost $1.5 trillion worth of the memecoin. For reference, bitcoin’s (BTC) entire market cap is hovering at around $2 trillion. The entourage’s grand total holdings could be worth approximately $2.3 trillion, at least on paper.

Conclusion

The Trump entourage has made a significant profit from the launch of the Official Trump and Melania Meme tokens, with TRUMP’s market capitalization reaching $8.8 billion and MELANIA’s at $945 million. The on-chain data shows a significant holding of these tokens, with the majority being held in the TRUMP treasury wallet and MELANIA’s wallet. The vesting schedules in place mean that the holders cannot sell their tokens immediately, which could affect the market capitalization of these coins.

FAQs

Q: What is the current market capitalization of TRUMP and MELANIA tokens?

A: TRUMP is currently trading at $42, with a market capitalization of $8.8 billion, while MELANIA is trading at an unknown price, with a market capitalization of $945 million.

Q: How many tokens are held by the Trump team?

A: The Trump team holds around $4.8 billion worth of MELANIA tokens, with almost $162 billion in other coins, including $147 billion in a memecoin named after Vice-President J.D. Vance.

Q: What is the vesting schedule for the TRUMP and MELANIA tokens?

A: The TRUMP team will have to wait at least three months to begin selling, while the MELANIA token will begin unlocking in less than 30 days.

Q: What is the total value of the Trump entourage’s holdings?

A: The Trump entourage’s holdings could be worth approximately $2.3 trillion, at least on paper, considering the value of the MELANIA and TRUMP tokens and their holdings of other coins, including VANCE.