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Cryptocurrency News Articles
Melania Meme Coin Plummets 67% After Launch, Meme Index Presale Surges to $3M
Jan 23, 2025 at 05:40 am
Just five days after its launch, the price of Official Melania Meme ($MELANIA) has plummeted by 67%, following reports of how these token offerings
Five days after its launch, the price of Official Melania Meme ($MELANIA) has plummeted by 67%, following reports of how these token offerings significantly benefitted the Trump family.
This has seen investors boost the Meme Index presale to almost $3 million, as crypto traders back its approach to reducing meme coin market volatility through decentralized indexes.
Melania Meme Coin’s Rise & Fall
$MELANIA reached its first peak on Sunday night, climbing to $12.95 per token, and surged again the following day to $13.64, roughly 12 hours before President Trump’s inauguration speech.
At its peak, the token’s market capitalization soared to $2.21 billion, with 192.21 million tokens in circulation out of a total supply of 999.99 million.
Like $TRUMP, the official website for the Melania meme coin outlines the token’s planned allocation over the next three years, with only 15% of the supply designated for the public.
https://x.com/MELANIATRUMP
Meanwhile, 10% of the supply is allocated for the community—potentially as an airdrop—while another 10% is reserved for a liquidity pool to support trading on decentralized exchanges (DEXs).
According to the vesting schedule shared on the official website, approximately 2.25% of the team’s $MELANIA allocation—comprising 35% of the total supply—will be unlocked over the next 13 months, with the remainder becoming fully vested thereafter.
This distribution plan differs from $TRUMP’s, where around 80% of the tokens are set to be allocated to the development team and Trump-affiliated organizations over the next three years.
$MELANIA Finds Support at $4 But Market Cap Dives Below $1BN
The extreme volatility that both the $MELANIA and $TRUMP tokens have faced in the past few days highlights the risks that investing in individual meme coins carries as it is hard to predict how their price will behave after they hit exchanges.
The price chart shows that $MELANIA has started to find support at around $4 per token, which results in a market capitalization of around $772.6 million.
However, as additional tokens start to be released within the next few months, if demand does not pick up during that period, the price could progressively decline to lower levels.
The absence of a road map and well-defined community-building efforts increases the odds that the overnight popularity of this token will progressively fade away.
Critics have accused the Trump family of using the President’s inaugural day to launch what many are deeming a historic cash grab.
This controversy has sparked conversations about the risks of investing in single meme coins, highlighting the need for more secure and diversified options in the market.
Meme Index Solves Volatility Issues Through Diversified Meme Coin Portfolios
Meme coins are a promising and growing segment of the crypto space.
In the past 30 days, the aggregated value of digital assets in this segment has grown by 14.2% to $109 billion according to data from CoinMarketCap.
However, the extreme volatility that these tokens experience in relatively short periods makes them unsuitable for conservative investors.
This is why the Meme Index ($MEMEX) presale has been so popular among investors and has managed to raise $2.7 million since it started a few weeks ago.
This protocol has created four different vehicles (Titan, Moonshot, Midcap, and Frenzy) through which risk-averse investors can get exposure to meme coins by buying a diversified basket of different tokens that have been carefully vetted and selected by the community.
The $MEMEX token is the gateway to the Meme Index ecosystem.
Holders can vote on which assets will make it to the different indexes offered by the platform and they will also be able to pick the most suitable investment strategy for their style and risk tolerance.
The presale price increases every 48 hours and this last tranche priced at $0.0154693 will only be available for the next 44.
To buy $MEMEX, connect your wallet (e.g. Best Wallet) at the Meme Index website and swap ETH, USDT, or BNB for the token. You can also make your investment by using a bank card.
Visit Meme Index Presale Here
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