US President Donald Trump and his entourage have already made tens of billions of dollars in profits (on paper at least) from the official Trump (TRUMP) and MELANIA tokens launched on Solana in the past three days.
Trump Coin is now trading at $42, and its market capitalization has risen to $8.8 billion, making it the 25th largest coin in the entire cryptocurrency ecosystem, just behind some coins. CoinDesk 20 Coins such as Polkadot (a point) and Litecoin (ltc). (CoinDesk 20 is an index of the top 20 cryptocurrencies by market cap excluding memes, stablecoins, and exchanges.)
Melania’s net worth, for her part, has risen to $945 million, which puts her in 121st place among symbolic projects.
On-chain data shows that the TRUMP treasury wallet is currently He carries $35.5 billion of the token, plus $17.5 billion of other memes named after members of the Trump family including Eric Trump and Kay Trump. The wallet is marked as After it was launched Trump officially owns $622 million in tokens and nearly $162 billion in other currencies, including $147 billion in another memecoin named after Vice President J.D. Vance. Unlike the Trump family, Vance did not indicate on social media that he would launch a memecoin.
Trump’s team carries Melania in a different configuration. About 77% of the codes Supply Saved in three different wallets, two to any She is rated on Solscan as belonging to Team Melania alongside A.J Fourth walletWhich accounts for 3.7% of the supply. Assuming all four wallets belong to Melania’s team, the Trump family currently owns $4.8 billion worth of the token.
Most importantly, two of these wallets are branded Melania’s closet and Melania liquidity On Solscan – which owns 33.7% of MELANIA’s supply between them, they also each own $295 billion worth of the VANCE token. In reality, 25% of the supply of the VANCE token It is kept between the MELANIA wallet and the TRUMP launch wallet.
Counting only the official Trump and Melania Mimi coins, the Trump team may have approximately $40.9 billion on-chain. But if we add all the other currencies held by these wallets, that number jumps to nearly $810 billion.
Given that the MELANIA and TRUMP wallets hold a large amount of VANCE token supply, they are likely operated by the same entity that launched VANCE in the first place. If so, it’s worth noting that VANCE is currently in the closet He carries Nearly $1.5 trillion worth of memecoin value. For reference, Bitcoin (Bitcoin) The entire market cap is about $2 trillion. The entourage’s total holdings may be worth about $2.3 trillion, at least on paper.
Of course, this does not mean that the Trump team will be able to liquidate this amount. It’s very paper wealth. These wallets hold a huge amount of supply of each token, so if the Trump team starts taking profits, selling pressure will likely cause the market to collapse. It cannot generate a $35.5 billion gain on a coin with a market cap of $8.8 billion, and the same issues apply to the MELANIA and VANCE tokens.
Furthermore, official Trump and Melania Mimi projects have vesting schedules – meaning holders cannot sell their tokens whenever they want. Trump’s team will have to wait at least three months to start selling, and even then, they will only be able to make profits slowly, a few coins at a time. Meanwhile, the Melania Meme Project will be up and running in less than 30 days.
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