On the 19th (local time), Melania Trump's meme coin reached $6 billion in sales within two hours of its launch.
The value of the coin recorded a record high, while Trump's meme coin fell 38%. Melania Trump promoted her own meme coin "MELANIA" in a post on X, along with her husband Trump.
According to data from DEX Screener, approximately 45,000 wallets purchased the token, bringing its market cap to $6.1 billion shortly after its launch, since 9:00 PM UTC on January 19th.
Meanwhile, Donald Trump's meme coin, TRUMP, has seen $5 billion wiped from its market cap, according to CoinMarketCap data.
The price of the coin fell 38% from $74.6 to $45.9 in 40 minutes. The website of the meme coin "MELANIA" states that it was created to show support and participation, and to promote the coin as an investment opportunity.
"35% of the tokens will be distributed to the development team, 20% to the treasury and community, 15% to the general public, and 10% for liquidity."
However, blockchain analysis platform Bubblemaps stated through X's post that "90% of the token supply is in a single wallet, which is
This does not match the token distribution that was announced."
2025/01/20 12:43 KST
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