US President Donald Trump and his entourage have already made tens of billions of dollars in profits (at least on paper) with the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens that launched on Solana in the last three days .
Now trading at $42, TRUMP has risen to a market cap of $8.8 billion, making it the 25th largest coin in the entire crypto ecosystem, just behind some CoinDesk 20 coins like polkadot (DOT) and litecoin ( LTC). (The CoinDesk 20 is an index of the top 20 cryptocurrencies by market capitalization, excluding memecoins, stablecoins, and exchange coins.)
MELANIA, for its part, has increased to a market capitalization of $945 million, placing it in 121st place among token projects.
On-chain data shows that TRUMP’s treasury wallet currently contains $35.5 billion of the token, plus $17.5 billion in other memecoins named after Trump family members, including Eric Trump and Kai Trump . The wallet marked as the one launched by the official Trump has $622 million in tokens and nearly $162 billion in other currencies, including $147 billion worth of another memecoin named after Vice President JD Vance. Unlike the Trumps, Vance did not indicate on social media that he was launching a memecoin.
Trump’s team is keeping MELANIA in a different configuration. Around 77% of the token’s supply is held in three different wallets, two of which have been tagged on Solscan as belonging to Melania’s team along with a fourth wallet, which contains 3.7% of the supply. Assuming all four wallets belong to team MELANIA, the Trump family currently owns that token worth $4.8 billion.
Importantly, two of these wallets, named Melania Treasury and Melania Liquidity on Solscan, which hold 33.7% of the MELANIA supply between them, also each hold $295 billion in VANCE tokens. In fact, 25% of the VANCE token supply is held between these two MELANIA wallets and the TRUMP launch wallet.
Counting only the official Trump and Melania Meme coins, the Trump team may have approximately $40.9 billion on the chain. But if we add up all the other currencies these wallets contain, that figure increases to approximately $810 billion.
And considering that the MELANIA and TRUMP wallets hold a large amount of the VANCE token supply, it is likely that they are operated by the same entity that launched VANCE in the first place. If so, it is worth noting that the VANCE treasury currently holds almost $1.5 trillion worth of memecoin. For reference, the total market capitalization of bitcoin (BTC) is around $2 trillion. The entourage’s total assets could be worth approximately $2.3 trillion, at least on paper.
Of course, that doesn’t mean Trump’s team will be able to liquidate that much. It is largely wealth on paper. These wallets hold a large amount of the supply of each token, so if the Trump team starts making profits, the selling pressure will likely tank the market. You can’t make $35.5 billion in profits with a coin with a market cap of $8.8 billion, and the same problems apply to the MELANIA and VANCE tokens.
Additionally, the Official Trump and Melania Meme projects have vesting schedules, meaning holders cannot sell their tokens whenever they want. Trump’s team will have to wait at least three months to start selling, and even then they will only be able to make profits slowly, a few coins at a time. Meanwhile, the Melania Meme project will begin unlocking in less than 30 days.
