Does the Trump Entourage Hold $2.3T in Memecoins?

U.S. President Donald Trump and his entourage person already made tens of billions of dollars successful profits (at slightest connected paper) disconnected of the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens that launched connected Solana successful the past 3 days.

Now trading astatine $42, TRUMP has surged to a $8.8 cardinal marketplace capitalization, making it the 25th largest coin successful the full crypto ecosystem, conscionable down immoderate CoinDesk 20 coins specified arsenic polkadot (DOT) and litecoin (LTC). (The CoinDesk 20 is an scale of the apical 20 cryptocurrencies by marketplace headdress excluding memecoins, stablecoins and speech coins).

MELANIA, for its part, has risen to a $945 cardinal marketplace cap, placing it 121st presumption among token projects.

On-chain information shows that the TRUMP treasury wallet presently holds $35.5 cardinal of the token, positive $17.5 cardinal successful different memecoins named aft Trump household members including Eric Trump and Kai Trump. The wallet flagged arsenic having launched Official Trump has $622 cardinal successful the token and astir $162 cardinal successful different coins, including $147 cardinal different memecoin named aft Vice-President J.D. Vance. Unlike the Trumps, Vance did not bespeak connected societal media that helium was launching a memecoin.

The Trump squad holds MELANIA successful a antithetic configuration. About 77% of the token’s supply is held successful 3 antithetic wallets, two of which person been labelled connected Solscan arsenic belonging to the Melania squad alongside a fourth wallet, which holds 3.7% of the supply. Assuming each 4 wallets beryllium to the MELANIA team, the Trump household presently holds $4.8 cardinal worthy of that token.

Importantly, 2 of these wallets — labelled Melania Treasury and Melania Liquidity connected Solscan — which ain 33.7% of the MELANIA proviso betwixt the 2 of them, besides each clasp $295 cardinal worthy of the VANCE token. In fact, 25% of the VANCE token’s supply is held betwixt these 2 MELANIA wallets and the TRUMP motorboat wallet.

Counting conscionable the Official Trump and Melania Meme coins, the Trump squad whitethorn beryllium holding astir $40.9 cardinal on-chain. But if we adhd each of the different coins these wallets are holding, that fig jumps to astir $810 billion.

And considering that the MELANIA and TRUMP wallets ain a immense magnitude of the VANCE token supply, it’s apt they are operated by the aforesaid entity that launched VANCE successful the archetypal place. If so, it’s worthy pointing retired that the VANCE treasury presently holds astir $1.5 trillion worthy of the memecoin. For reference, bitcoin's (BTC) full marketplace headdress is is hovering astatine astir $2 trillion. The entourage's expansive full holdings could beryllium worthy astir $2.3 trillion, astatine slightest connected paper.

Of course, that doesn’t mean the Trump squad volition beryllium capable to liquidate that much. It’s precise overmuch insubstantial wealth. These wallets ain a monolithic magnitude of each token’s supply, truthful if Trump’s squad begins to instrumentality profit, the selling unit volition apt crater the market. It cannot recognize $35.5 cardinal successful gains disconnected of a coin with a $8.8 cardinal marketplace capitalization, and the aforesaid issues use to the MELANIA and VANCE tokens.

Furthermore, the Official Trump and Melania Meme projects person vesting schedules — which means holders cannot merchantability their tokens whenever they wish. The Trump squad volition person to hold astatine slightest 3 months to statesman selling, and, adjacent then, they’ll lone beryllium capable to instrumentality nett slowly, a fewer coins astatine a time. The Melania Meme project, meanwhile, volition statesman unlocking successful little than 30 days.