Following the debut of the official Trump token, Melania Trump, the former model and spouse of Donald Trump, has introduced her own meme coin. The launch of the cryptocurrency was unveiled through her X account, and according to data from dexscreener.com, its value has increased by over 10,000%.

Editor’s Note, 7 p.m. (ET) 1-19-25: According to Bubblemaps (1), “the original 89% address (GtdNP) has been split into four main wallets holding 30%, 30%, 20%, and 6%.” This alignment mirrors the data presented on Melania meme coin’s web portal chart.

From First Lady to Crypto Queen? Melania Trump’s Meme Coin Makes a Splash

Melania Trump, wife of the United States’ incoming 47th president, has officially stepped into the crypto arena with the release of her meme coin, aptly named melania meme (MELANIA). Blockchain explorer Solscan reveals a current supply of 1 billion MELANIA tokens, with the coin commanding a fully diluted market valuation of $3.14 billion. While its trading activity can be tracked on platforms such as geckoterminal.com and dexscreener.com, the coin has yet to secure a listing on aggregator sites like Coingecko.

The tokenomics of MELANIA diverge from those of the official trump coin. According to the distribution chart available on MELANIA’s website, 35% of the token supply is subject to a vesting schedule. The team allocation remains locked for the first 30 days, after which 10% of the allocation—equivalent to 3% of the total supply—becomes available.

Over the next 12 months, the remaining 90% of the team’s allocation vests incrementally, with approximately 2.25% of the total supply unlocking each month. By the conclusion of the 13th month, the vesting process will be fully completed. The distribution plan allocates 20% of the tokens to the Treasury, 15% for public distribution, 20% for community rewards, and 10% for liquidity reserves. However, Bubblemaps contests the advertised distribution saying that it “does NOT match the distribution on their website.”

“Apart from the 10% in Meteora, 89% of the supply is still in one wallet and hasn’t been split into Treasury, Community, Team vesting, [and]Public distribution,” Bubblemaps said on X. Subsequently, Bubblemaps observed that the coins were allocated to four wallets, aligning with the distribution strategy detailed on the website.

According to the team behind MELANIA, a partnership has been formed with Jupiter to “provide a secure and easy purchasing experience.” The launch of MELANIA signals a newer trend of super high-profile figures leveraging blockchain innovation to carve unique spaces within the meme coin sector.

As speculative interest intensifies, the project’s success may hinge on its ability to sustain momentum beyond initial market euphoria. With its structured tokenomics and notable associations with Trump’s last meme coin launch, MELANIA’s trajectory will undoubtedly be closely watched by the crypto community.

While the outlined vesting schedule provides a structured timeline for allocation release, stakeholders may view the accelerated initial unlock and the linear monthly releases with caution, questioning whether it adequately aligns long-term incentives with project goals. Or if the meme coin has any long term incentives at all besides being an official Melania Trump meme token.