The Trump family’s back-to-back meme coin launches — TRUMP and MELANIA — have triggered market chaos, social media backlash, and growing concerns about conflict of interest.

The Trump family has expanded its presence in the crypto world, unveiling two meme coins in rapid succession. On Jan. 17, President-elect Donald Trump

The Trump family is at it again, this time launching back-to-back meme coins named TRUMP and MELANIA. As expected, the crypto community has mixed feelings, with some embracing the coins and others expressing concern. But what exactly are these coins, and how do they fit into the broader crypto landscape? Let's dive in and explore the TRUMP and MELANIA meme coins.

What Are TRUMP and MELANIA Meme Coins?

The TRUMP and MELANIA meme coins are ERC-20 tokens built on the Solana blockchain. These coins are part of a larger trend in the crypto space, where memes and internet culture heavily influence the creation and value of certain tokens. In this case, the coins are directly tied to former U.S. President Donald Trump and former First Lady Melania Trump.

TRUMP Coin Details

The TRUMP coin has a total supply of one billion tokens, out of which 200 million are currently unlocked. These unlocked tokens are available for immediate purchase and trading on cryptocurrency exchanges. The remaining 800 million tokens will be gradually released over the next three years.

According to Solscan, a Solana block explorer, the TRUMP coin is currently trading at around $48.63, with a total market capitalization of about $42.6 billion. The coin reached an all-time high of $75 on Jan. 19, shortly after its launch.

MELANIA Coin Details

On the other hand, the MELANIA coin has a smaller total supply, with around 20% of the tokens allocated for public distribution. Specific details about the coin's total supply are not readily available from official sources.

According to Solscan, the MELANIA coin is currently trading at approximately $9.90, boasting a market capitalization of nearly $2.2 billion. The coin reached an all-time high of $13.73 on Jan. 20.

Launch Announcements and Association With Trump

The launch of the TRUMP coin was announced by former President Trump himself on his social media platform, Truth Social, on Jan. 17. In the announcement, Trump urged his followers to join his "Trump Community" and touted the coin as a way to "celebrate everything we stand for: WINNING!"

Meanwhile, the launch of the MELANIA coin was announced on Jan. 19 with a social media post by former First Lady Melania Trump, which was later amplified by her husband during his Victory Rally. The coin quickly gained traction, thanks to a favorable mention from the former president.

Coin Structures and Liquidity Concerns

Both the TRUMP and MELANIA coins are highly centralized, with a small group of entities controlling a significant portion of the token supply. This kind of集中所有权 is not uncommon in the meme coin world, where tokens are often created quickly and with minimal fanfare.

However, the centralized nature of these coins raises some eyebrows, especially given their large market valuations and the potential for price manipulation. Some crypto enthusiasts have expressed concerns about the liquidity of these coins, especially in the event of a sell-off.

Crypto Community Reactions: Enthusiasm and Skepticism

The launch of the TRUMP and MELANIA meme coins has sparked a range of reactions within the crypto community on Twitter. Some traders are excited about the coins and are actively参与 in their markets, hoping to capitalize on the volatility and potential for gains.

One crypto enthusiast, who initially welcomed the TRUMP coin as a signal of mainstream crypto adoption, later shifted his perspective after the MELANIA coin launch. In his view, the venture now feels like a "grift" that's designed to suck liquidity out of the rest of the crypto market.

Moreover, there's a growing frustration among both skeptics and the Trump family's traditional supporters. One user couldn't help but express their anger: "Am I the only Trump supporter and conservative who thinks this Trump and Melania coin shit is retarded?"

Both the TRUMP and MELANIA coins have also drawn flak for being blatant cash grabs, especially considering how centralized they are. One critique pointed out that 88% of the MELANIA coin supply is reportedly held by just ten wallets, a level of concentration that could easily be exploited by bad actors in the market.

The backlash isn't limited to technical concerns either. Several users have accused the Trump family of exploiting their loyal supporters, many of whom are drawn to the brand's promises of success and empowerment.

“First $TRUMP, now $MELANIA. What’s next? $Barron?” one tweet remarked, suggesting that the family might be treating these tokens as a series of quick monetization schemes rather than serious projects.

The ethical concerns are further compounded by the unprecedented nature of a president launching speculative financial instruments that are tied to their name. One user tweeted: “$TRUMP coin should be illegal. Period. Like, what