Key Insights:
- Donald and Melania Trump introduced two new memecoins recently.
- On-chain information reveals a profit of $40.9 billion from these tokens.
- It’s suspected that their team may control additional tokens, potentially increasing their total to around $2.3 trillion.
- Full liquidation of this amount would be impractical due to the possession of most tokens and sales restrictions.
Details:
The U.S. President Donald Trump and his team have generated substantial paper profits with the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens launched on the Solana blockchain in recent days. The TRUMP token, now priced at $42, boasts an impressive market cap of $8.8 billion, ranking it as the 25th largest cryptocurrency, just behind major players like Polkadot and Litecoin.
The MELANIA token achieved a market cap of $945 million, relegating it to the 121st position among cryptocurrencies.
According to blockchain analysis, the TRUMP treasury indicates a holding of $35.5 billion in tokens, alongside $17.5 billion in various other memecoins associated with the Trump family. Additional wallets linked to the launch have also indicated significant holdings, enriching the overall profits to approximately $810 billion when factoring in all tokens under the team’s management.
Despite the vast amounts indicated, actual realization of gains would be complicated, as current vesting schedules prevent swift sales, necessitating careful and gradual profit-taking.
