Donald Trump memecoin crashes 48% as Melania Trump launches her own memecoin

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Theblock
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11 hours ago

President-elect Donald Trump's memecoin Official Trump has dropped as much as 48% in price on the news that Melania Trump appears to have launched her own memecoin.

Melania Trump posted on Truth Social and X that her official meme — called MELANIA — is live, with a link to a website and the token's contract address. The token has rapidly risen in price, hitting as high as a $5.69 billion fully diluted valuation, according to DEXscreener. It is currently fluctuating wildly in price.

The token has similar tokenomics to Official Trump. 45% of the tokens are allocated to the community, public distribution and providing liquidity on decentralized exchanges. 20% are allocated for the project's treasury, while 35% is set for the team.

While fewer tokens are allocated to insiders than Trump's token, the vesting period is much shorter and with an earlier cliff. The team's tokens will vest over 13 months, with a 30 day cliff. Tokens will vest monthly as opposed to daily.

With Melania Trump's token launch, this has stolen the thunder from her husband's token. Official Trump crashed in price from $73 to $38, before rebounding somewhat to $52.

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