"Melania Coin: From Political Stardom to Crypto Rollercoaster"

Melania coin (MELANIA), launched on January 19, 2025, is a meme token built on the Solana blockchain, with a focus on fun and collection rather than financial investment. The project stands out due to its deep connection to the political world and backing from influential figures in the crypto space, creating a unique intersection of traditional politics and cryptocurrency.

The Melania coin cryptocurrency was officially announced by former First Lady Melania Trump on her X account, with her husband, newly elected President Donald Trump, promptly reposting the news to his massive audience, contributing to the token's popularity.

Melania coin operates on the ultra-fast, energy-efficient Solana blockchain, enabling lightning-quick transactions at incredibly low fees. The total supply amounts to 1 billion MELANIA tokens, with 15% allocated for public distribution, 35% for team vesting, and the rest split between liquidity, the treasury, and community initiatives. The project's transparent vesting process for the team involves a 30-day lockup period followed by a gradual, linear release of tokens over a year.

In its short price history, Melania coin reached an all-time high of $13.73 on its launch day, January 19, but quickly dropped to around $7.5 by the evening. The price surged back above $12 later that night but plummeted rapidly to about $3.5. In the following days, the price continued to decline, reaching approximately $2.7 by January 24, with a market cap of about $460 million.

According to a report from Chainalysis, a handful of "whales" control much of the MELANIA and TRUMP coins. While many small investors are getting onboard, about 50 wallets have made over $10 million each. Most holders of TRUMP or MELANIA have invested modest amounts, typically under $100, but a few massive wallets are sitting on hundreds of millions of dollars' worth of these coins, giving them significant power over the market.

As the initial excitement around Melania meme coin fades, its price has plummeted, raising questions about its future prospects. Only time will tell if this coin can rise again or if it is headed towards irrelevance.