Before Donald Trump’s presidential inauguration, the meme coins TRUMP and MELANIA garnered quite a bit of attention. Yet, following this period, both assets have seen substantial drops, currently trading at values that are 85% to 95% lower than their highest points.
TRUMP and MELANIA’s Post-Inauguration Decline
bitcoin.com/president-trump-declares-end-to-bidens-crypto-war-pledges-us-bitcoin-dominance/”>Donald Trump made history as the first U.S. president to debut an official meme coin, TRUMP, on Jan. 17, 2025—three days prior to his swearing-in ceremony. Notably, Melania Trump followed with her own digital asset, MELANIA, unveiled on Jan. 19, 2025, a mere 24 hours ahead of the presidential inauguration.
Currently, the number of TRUMP tokens in circulation amounts to 199,999,976. This represents a small portion of the total fixed supply, which is limited to one billion coins. Notably, Binance, excluding the project itself, owns 25,151,426 TRUMP tokens on its platform, making up about 12.58% of the circulating supply.
Following Binance, a pseudonymous entity holds 16,034,161 TRUMP—8.02% of the circulating supply—within a single Solana account. The token’s creator or issuing entity retains 15,019,350 TRUMP, accounting for 7.51% of the 199,999,976 tokens in circulation. A separate Binance wallet holds roughly 15,000,000 TRUMP, comprising 7.5% of the total circulating within the cryptosphere.
Ever since TRUMP was introduced, its holders have encountered difficulties due to its significant drop of 85.9% from its maximum value of $73.43. Currently, TRUMP’s price ranges between $9.85 and $11.25 per token compared to its seven-day simple moving average (SMA). This presidential meme coin now possesses a market capitalization slightly over $2 billion. MELANIA has followed a similar trend, shedding 95.1% of its value from its highest point of $13.05.
Presently, the token exchanges hands at $0.61 per coin, with 150,000,000 coins in circulation. This calculates to a market capitalization just shy of $100 million—$95,250,797, to be precise. Meteora’s MELANIA-USDC liquidity pool commands the largest share of MELANIA tokens outside the project’s team allocation, holding 105,613,966 coins (70.41% of the current circulating supply).
It seems that this significant drop may be due to decreasing interest in meme cryptocurrencies as the overall market experiences slumps. Interestingly, meme-related assets have faced particularly harsh drops when compared to other sectors during the latest crypto market adjustment.
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2025-03-29 16:59