Is Donald Trump and his team trying to deflect bad press? On Friday, the president-elect launched TRUMP, a meme coin with no utility. As expected, it soared, commanding over $18 billion in value within days.
Less than 12 hours before the inauguration, incoming First Lady Melania Trump joined the meme coin bandwagon, launching her token, MELANIA.
The sequence of events over the past three days has been unprecedented. This marks the first time since Bitcoin’s inception that a president or president-elect of any country has released a token—let alone a meme coin—while in office or on the verge of taking over.
TRUMP and MELANIA meme coins have been market movers, sparking Solana, Ethereum, and Bitcoin rallies. Bitcoin, in particular, has climbed above $107,000, briefly touching $109,300 earlier today.
(BTCUSDT)
With TRUMP and MELANIA generating massive attention and market activity, the question remains: Will the president and Melania rug the American people?
TRUMP and MELANIA Meme Coins: What You Need to Know
When it launched on Friday, January 18, the TRUMP meme coin was billed as the “only official Trump meme coin.”
Interestingly, its release coincided with a star-studded “Crypto Ball” in Washington, D.C., hosted by David Sacks, a prominent investor linked to Craft Ventures.
In less than 36 hours, the TRUMP token launched on Solana, soared to over $73 per token, with a peak market cap exceeding $18 billion.
However, the TRUMP coin has been widely criticized, with some describing it as showcasing “diabolical levels of corruption.”
Critics are particularly concerned about the timing of the launch. The Crypto Ball, held after trading hours, coincided with the token’s release.
“The people who profit will be the degen crypto traders who got in early, glued to their screens at 9 PM on a Friday night, and the insiders holding 80% of the coin.”
Looking at Solscan, one wallet indeed holds 80% of all supply.
(Source)
The excitement surrounding $TRUMP was soon eclipsed by the launch of $MELANIA, which rose to over $13 within hours of its debut.
Similar to TRUMP, MELANIA was launched on Solana. Within hours, it skyrocketed to over $1.8 billion. Promoted as the “official Melania meme coin,” it is on fire.
Within hours, the token had soared by over 240X.
$MELANIA MEMECOIN SEES 24,000% SURGE IN HOURS
$MELANIA just flipped the script, exploding 24,000% to a record $13.
Over $1B in trading volume ripped through the market in just 4 hours, turning heads across the crypto scene.
Memes are moving mountains – blink and you’ll miss… pic.twitter.com/O127hPrZv8
— Mario Nawfal’s Roundtable (@RoundtableSpace) January 20, 2025
However, Solscan data reveals that 80% of MELANIA’s supply is controlled by three wallets, raising concerns about decentralization and possible price manipulation.
(Source)
Notably, the launch of MELANIA caused TRUMP prices to tank.
Launching This Week: Is Flockerz a Safer Bet?
It’s evident that the Trump administration “gets” crypto, marking a sharp departure from the Biden era, during which digital assets faced immense scrutiny.
While MELANIA and TRUMP are meme coins with no utility, whether Trump and Melania will eventually sell their holdings remains to be seen. If they do, prices will likely plummet; tarnishing their reputations.
In light of this volatility, attention is shifting to a seemingly safer alternative: Flockerz.
Flockerz is a community-driven project.
FLOCK token holders play a key role in “Flocktopia,” a DAO.
They receive rewards through a vote-to-earn model when they participate in governance.
So far, Flockerz has raised over $11 million. Unlike MELANIA, it’s decentralized, which many consider a safer bet.
At the same time, you can stake FLOCK and receive a 261% APY.
Currently trading at just $0.0066883, the presale is set to end in five days.
This could be your chance to invest in the best meme coin for Q1 2025 before the opportunity passes you by.
Stay updated on the latest developments by connecting with the Flockerz community on X and Telegram.
You can also download Best Wallet on Google Play or the Apple App Store to see Flockerz in the Upcoming Tokens section.
Visit the Flockerz presale website
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