In a remarkable twist to the memecoin mania sweeping the crypto world, President Donald Trump and key members of his inner circle have plunged into the trend, launching a flurry of TRUMP- and Melania-themed memecoins in recent days. On-chain data reveals that wallets likely controlled by the Trump entourage now hold a staggering $2.3 trillion worth of these tokens—at least on paper.
A Presidential Meme Rush
The Trump family’s sudden embrace of memecoins began with the launch of the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens on the Solana blockchain. Despite their newcomer status, these coins have skyrocketed up the crypto rankings:
- TRUMP now boasts a market cap of $8.8 billion, placing it just behind established projects like Polkadot and Litecoin
- The MELANIA token has surged to a $945 million valuation, landing it in the top 125 of all cryptocurrencies
Billions Held, Trillions Controlled
On-chain analysis shows that wallets belonging to the Trump circle hold $35.5 billion of the TRUMP token directly, plus another $17.5 billion in memecoins named for other family members like Eric and Kai Trump. But the web of wallet connections suggests their total holdings could be far greater.
The wallet that launched TRUMP contains over $162 billion in various memecoins, including a massive $147 billion stake in a token named for Vice President J.D. Vance. While Vance hasn’t publicly endorsed his eponymous coin, the Vance Treasury wallet holds nearly $1.5 trillion worth of the token—implying close ties to the Trump team.
Riches on Paper, Challenges in Reality
Tallying up the direct TRUMP and MELANIA holdings, Trump-affiliated wallets control around $40.9 billion. But factoring in the sprawling network of other memecoin holdings, the Trump entourage’s aggregate crypto wealth balloons to an almost incomprehensible $2.3 trillion—exceeding the market cap of Bitcoin itself.
However, converting these vast paper gains into real riches will be a daunting challenge. The Trump team wallets own such a huge proportion of the tokens’ supplies that any attempt to sell would likely tank prices. Vesting schedules also prohibit most of the coins from trading for months.
These wallets own a massive amount of each token’s supply, so if Trump’s team begins to take profit, the selling pressure will likely crater the market.
– Tom Carreras, CoinDesk Reporter
The presidential plunge into memecoins marks a surreal new chapter in the wild saga of crypto speculation. While the Trump clan’s paper wealth now rivals the GDP of entire nations, the true value that can be extracted from these tokens remains to be seen. In the upside-down world of memecoins, hype and perception reign supreme, and the Trump name may be the biggest meme of them all.
