Celebrity Influence and Branding
Review
Pros & Cons
Key Benefits
The connection to Melania Trump and the broader Trump brand has created significant attention around $MELANIA. This high-profile association leverages cultural and political significance to attract investors.
Explosive Market Performance
$MELANIA token experienced rapid growth of more than 3000% on its launch. Soon after the token dropped to lower price levels. This kind of quick return drew many speculators.
Efficient Blockchain
$MELANIA is built on Solana, which offers low transaction fees and fast processing speeds. This means it’s cheaper and quicker to trade, making it more accessible to smaller speculators.
CEX Listing
Many CEXes, like Kucoin, HTX and Kraken, rushed to list $MELANIA. This early support increased liquidity and credibility, making it easier to trade.
Red Flags
Potential Selling Pressure
The token unlock schedule raises concerns due to its aggressiveness. Just 30 days after launch, 3% of the total token supply allocated to the team will be unlocked. Following this, an additional team’s 2.25% of the total token supply will be released monthly for over a year. This could result in substantial selling pressure, with approximately $90 million worth of tokens entering the market each month. Please note: the calculation in dollar terms is based on the fully diluted market cap of $4 billion at the time of writing this review.
Speculative Nature
Like other memecoins, $MELANIA relies heavily on community hype and investor speculation. The token’s value could drop as interest wanes, which makes it a risky investment.
Ethical Concerns
Launching the token just before Donald Trump's inauguration raises questions about the ethical implications of mixing politics and crypto. Some view this as exploiting political influence for financial gain, which could deter serious investors.
Regulatory Risks
The involvement of public figures, especially ones as high-profile as Melania Trump, could attract regulatory scrutiny. This attention might create legal challenges or harm the token’s growth.
Crypto Reputation at Risk
The Trump family releasing two memecoins within days could damage the crypto industry’s credibility. This might make regulators more cautious and harm public trust in crypto, especially when many already see it as speculative.