• Latest
  • Trending
TRUMP coin declines by 38% as Melania's new coin hits $6bn on inauguration eve

TRUMP coin declines by 38% as Melania’s new coin hits $6bn on inauguration eve

January 20, 2025
Edtech startup The Invigilator raises $11 million to scale its AI platform

Edtech startup The Invigilator raises $11 million to scale its AI platform

September 6, 2025
iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

September 6, 2025
OpenAI challenges LinkedIn with new AI-powered hiring platform

OpenAI challenges LinkedIn with new AI-powered hiring platform

September 6, 2025
Tanzanian fintech NALA takes its services to Kenya

Tanzanian fintech NALA takes its services to Kenya

September 6, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Cryptocurrency

TRUMP coin declines by 38% as Melania’s new coin hits $6bn on inauguration eve

Oluwatosin Adeyemi by Oluwatosin Adeyemi
January 20, 2025
143 9
0
TRUMP coin declines by 38% as Melania's new coin hits $6bn on inauguration eve

TRUMP coin declines by 38% as Melania's new coin hits $6bn on inauguration eve

471
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

After his wife, Melania Trump, unpredictably launched a rival memecoin, the value of Donald Trump’s TRUMP memecoin plummeted by 38 percent.

Following uts launch on January 19 through a post on X by the former First Lady and shared by the incoming U.S. President, the MELANIA token amassed an incredible $6 billion market capitalisation in just two hours.

Shortly after its introduction at 10.42 p.m. WAT, more than 45,000 wallets bought MELANIA tokens, according to DEXScreener data. This quick spike stood in stark contrast to TRUMP’s performance, which saw its market capitalisation drop by $5 billion and its price go from $74.60 to $45.90 in just 40 minutes, according to CoinMarketCap data.

Read also: $TRUMP Crypto coin’s meteoric rise: 300% gain in hours electrifies investors

To promote engagement and support 

MELANIA’s official website highlights that the token is “not intended” as an investment instrument and instead explains it as a way to promote “engagement” and “support.”

RelatedPosts

GENIUS Act: US just regulated stablecoins—Here’s why Africa can’t ignore it

Elon Musk confirms bitcoin support in new political party ‘America Party’

Lagos Yahoo Boy impersonates Trump-Vance Inaugural Committee co-chair, steals $250,000 in crypto

The website explained how the token was supposed to be distributed: 35 percent went to the development team, 20 percent went to the community and treasury, 15 percent went to the general public, and 10 percent was set aside for liquidity.

However, these assertions were shown to be inconsistent after being examined by the blockchain analytics platform Bubblemaps.

Nearly 90 percent of the MELANIA token supply is concentrated in a single wallet, according to a report by Bubblemaps on Sunday, which raised concerns about it

This raises questions regarding the distribution’s transparency. Industry professionals have provided feedback on the launch.

Speculations regarding MELANIA’s memecoin 

Coinbase executive Conor Grogan noted notable differences in MELANIA’s execution as compared to TRUMP, but he disregarded the possibility that it was a ‘rug pull’.

“My guess is that this token was handled by a different team than TRUMP’s,” Grogan stated. “That one looks like professional market makers; this one honestly looks like college kids.”

Read also: Bitcoin jumps to new high, surpasses $100,000 

The wallet that created MELANIA was financed using PumpFun, a memecoin launchpad based in Solana, he added.

The fact that intellectual property documents show that MKT World LLC is the owner of the domain “melaniameme.com,” which enabled MELANIA’s launch, adds to the intrigue.

According to Florida Department of State papers, this corporation was founded by Mrs Trump in 2021 and is registered at the same location as the Trump International Golf Club.

The launch of these tokens coincides with Donald Trump’s January 20 presidential inauguration, amplifying speculation about the strategic timing of these initiatives.

While MELANIA has enjoyed a meteoric rise, questions regarding its governance and transparency remain unanswered, leaving the memecoin market abuzz with speculation.

Tags: Donald TrumpMelania Trump
Oluwatosin Adeyemi

Oluwatosin Adeyemi

Oluwatosin Adeyemi is a seasoned writer with 5+ years of experience. He holds a degree in Animal Science from Olabisi Onabanjo University. A hardworking and creative individual with a passion for teamwork and self-improvement.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.