Trump-linked meme coins have kept losing value in the past 24 hours, but the First Lady’s meme coin seems to be capturing most of the downward momentum as $MELANIA has gone down by 23% during this period.
Currently trading at $2.86 per coin, the celebrity token of Melania Trump is already down 78.7% from its all-time high, while trading volumes have retreated by 35% in the past day to $352.5 million, according to data from CoinMarketCap.
Breaking. I sold $melania at a 200k loss. Can’t win em all. Shooters shoot.
— Dave Portnoy (@stoolpresidente) January 20, 2025
The token’s market cap has already dropped below $500 million and is currently the 17th most valuable meme coin and the 148th cryptocurrency in terms of market cap.
In contrast, Official Trump ($TRUMP) has retreated by just 2.5% so far today and still has a market capitalization of $7.6 billion.
The Trump family has been criticized for using the meme coin space to monetize the President’s ascension to power. Although the launch of $TRUMP is consequent to his actions in the crypto space like the launch of Trump NFTs, launching a token for the First Lady has been regarded as excessive greed.
In addition, blockchain analysts have deemed both projects a rug pull in the making, as insiders have received a significant percentage of the total supply. In the case of $TRUMP, most of the tokens will go toward organizations with proven ties to his family.
Meanwhile, only 15% of the $MELANIA token will go to the public, while the team will receive a 35% allocation. These tokens will be freed to the market progressively within the next 13 months, meaning that the asset’s circulating supply will increase rapidly.
The demand for $MELANIA seems quite weak compared to $TRUMP, and this increases the odds that, as the vesting period lapses, the price of the token could collapse to even lower levels.
See the $MELANIA price prediction here
Melania Chart Shows Steep Decline Following Double-Top Pattern
The best meme coins typically feature robust community-building roadmaps and manage to build an ecosystem by tapping into the popularity of the asset. In the case of $MELANIA, no efforts of this kind have been shared by the developing team.
For example, they last shared a post on X on the day the token was launched.
The 30-minute chart shows that Official Melania Meme ($MELANIA) made a double-top on January 25 and started to dive since then. The price has nearly halved since that technical pattern was confirmed and has remained confined in a downward price channel.
If this downtrend continues, we could see $MELANIA hitting $2 within the next week or so. Sellers seem to have been taking some profits off the table in the past 3 hours. The fact that the price has now tagged the upper bound of the price channel may indicate that they could be ready to take over the price action once again in the next few hours.
Trump Meme Coins May Have Disappointed You, But Solaxy Will Not
Trump-linked meme coins have not performed as people would have expected despite the President’s significant popularity. However, Solaxy ($SOLX) an innovative layer-two Solana scaling project offers significant upside potential as its presale is getting hotter by the day.
Since the event was launched, investors have poured $13.8 million into Solaxy as the protocol can future-proof the Solana blockchain.
Both the popularity of meme coins like $TRUMP and a rapidly expanding DeFi ecosystem are putting pressure on the mainnet’s capacity to process transactions rapidly and cheaply. Solaxy solves all congestion issues by grouping transactions offline to alleviate the mainnet’s burden.
The presale price for the native asset of this L2 project, $SOLX, currently stands at $0.001612. This offers early buyers the best opportunity to profit once the token is listed on exchanges.
However, this price increases progressively, and the next hike will take place in less than 40 hours. To buy $SOLX, head to the official Solaxy website and connect your wallet. You can either swap USDT, ETH, or BNB or use a bank card to complete the transaction.
$SOLX is lining up to be one of the best crypto presales of 2025, and you don’t want to miss it.
