Trump Team Reports $2.3 Trillion in Memecoin Holdings
Donald Trump and his team have generated substantial profits from the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens launched on Solana, with TRUMP trading at $42 and reaching an $8.8 billion market cap, ranking it 25th among cryptocurrencies. MELANIA has a market cap of $945 million, placing it 121st.
- TRUMP treasury wallet holds $35.5 billion in TRUMP and $17.5 billion in other memecoins.
- MELANIA's supply is largely held by three wallets, amounting to approximately $4.8 billion in value.
- Trump team’s combined holdings might total around $40.9 billion for TRUMP and MELANIA, potentially reaching $810 billion when including other assets.
- The VANCE token treasury reportedly holds nearly $1.5 trillion, suggesting potential total holdings for Trump's entourage could approach $2.3 trillion.
Despite high paper valuations, liquidation remains questionable due to market impact; large sell-offs could significantly drop prices. The liquidity of VANCE is notably low, with only around $2,000 available across pools.
Both TRUMP and MELANIA projects have vesting schedules, restricting immediate sales. Trump’s team can start selling after three months, while MELANIA will unlock within 30 days.