Official Trump (TRUMP) and Official Melania (MELANIA) are meme coins that have made a significant impact in the crypto space. Here are three interesting facts about them:
1. TRUMP and MELANIA Fuelled Record Onboarding
Both TRUMP and MELANIA have seen unprecedented adoption, onboarding many first-time Solana token holders. Research from Chainalysis shows 50% of TRUMP and MELANIA holders were first-time holders, while 47% created crypto wallets on the same day their tokens launched. As of now, there are over one million holders of these tokens.
Market Data
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2. The Surge
TRUMP’s market capitalization soared to $15 billion, with prices spiking to $75 shortly after the launch. Meanwhile, MELANIA reached nearly $2 billion at its peak. TRUMP is now the third most valuable meme coin, following Dogecoin and Shiba Inu.
Trump Surge
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3. The Concentration
While the enthusiasm around these tokens is notable, a concerning statistic is their centralization. One wallet holds 80% of TRUMP tokens, and three wallets control over 70% of MELANIA tokens, raising questions about potential dangers like a rug pull.
Token Concentration
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Crypto is a high-risk asset class. This article is for informational purposes and does not constitute investment advice. You could lose all of your capital.
