Abstract
Melania Meme ($MELANIA) is a meme-based cryptocurrency token introduced by incoming First Lady Melania Trump on January 19, 2025. Announced via her social media platforms, the token is built on the Solana blockchain and is intended to serve as a digital collectible that embodies the values associated with Melania Trump.
The token's distribution is outlined on its official website, allocating 35% to the team, 20% each to the treasury and community, 15% to the public, and 10% to liquidity. However, blockchain analyses have raised concerns about the actual distribution, revealing that 89% of the token supply was initially controlled by a single wallet before being divided into four, a pattern that does not align with the stated allocation.
Following its launch, $MELANIA experienced a rapid increase in value, reaching a market capitalization of approximately $8.5 billion. This surge had a notable impact on the $TRUMP coin, associated with President-elect Donald Trump, which saw its value decrease by over 40% in response.
The introduction of $MELANIA has sparked discussions within the cryptocurrency community regarding the legitimacy and transparency of such tokens, especially those linked to public figures. Critics have pointed out potential conflicts of interest and the ethical implications of high insider ownership. Additionally, the website associated with $MELANIA has faced criticism for lacking adequate security measures and for its subpar construction.
Given these factors, potential investors are advised to exercise caution and conduct thorough research before engaging with the $MELANIA token or similar meme-based cryptocurrencies.