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Barely a few days after Donald Trump’s controversial announcement of $TRUMP – a meme coin that suddenly exploded to $11 billion market cap threshold – his wife and incoming first lady of the United States Melania Trump has joined the trend, launching her own meme token called $MELANIA.
Marketed through her verified Twitter handle, Mrs Melania said the meme coin was developed as an “expression of support for and engagement with the values embodied by the symbol MELANIA.”
The Official Melania Meme is live!
You can buy $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
A few hours after its launch, $MELANIA skyrocketed by an astounding 2000% to $11. This rapid increase pushed the market cap of the token above the $1 billion benchmark.
Meanwhile, Donald Trump self-titled meme coin – TRUMP has suffered a crash, losing over $5 billion from its market cap. CoinGecko data also shows that the token’s price has fallen 30% from $74 to $50 within an hour.
Is it ideal to buy Trump Coin or Melania?
Donald Trump’s Family Meme Coins Send Shockwaves Across The Crypto Market
The meme coin market witnessed a whirlwind of activity over the last weekend, fueled by the launch of $TRUMP. While it generated a bit of controversy, with some even calling it a potential pump-and-dump scheme, the Solana meme coin quickly gained traction, surging by almost 11,000% to reach a staggering $14 billion in market valuation within a few days.
However, the upward trajectory of $TRUMP was short-lived as the launch of $MELANIA – another Solana-based meme coin triggered an abrupt market shift. A few minutes after $MELANIA was announced, $TRUMP dumped and lost nearly 40% of its value as investors sold their holdings to jump on the new trend.
DexScreener data indicates that not less than 45,000 wallets have purchased MELANIA, which has now been listed on major exchanges such as MEXC, BingX, Gate.io, and Bitget. Having captured significant attention, with many meme coin traders buying the coin in droves, $MELANIA quickly recorded a massive increase in price, outperforming major meme coins like DOGE, SHIB, WIF, BONK, and even TRUMP.
However, despite the huge frenzy around $MELANIA, there are concerns that probably question the legitimacy of this new token. First, on the project website, it was claimed that 35% of the tokens have been distributed to the team and 15% offered to the public.
Surprisingly, the token distribution on the website does not match the bubble map of $MELANIA. According to a top-tier blockchain analytics platform Bubblemaps, nearly 90% of the token supply is in a single wallet, which raises concerns about potential market manipulation.
JUST IN: 
The bubble map of $MELANIA does NOT match the distribution on their website pic.twitter.com/Q734sd4ykJ
Moreover, the manner in which the project was announced on Melanie Trump’s X page also suggests a possible hack though no retraction or clarification has been made by her team yet.
Is Trump Coin or Melania Worth Buying?
As Donald Trump takes office today as the 47th president of the United States, the crypto community awaits friendly regulations that could significantly drive the growth of the industry.
Unsurprisingly, the wild excitement around his return to the White House triggered the massive interest seen with the two meme tokens linked to him and his darling wife. Take TRUMP for instance. The token drew billions in trading volume in just two days after its launch.
Solana – which is the blockchain used for both projects – saw a significant uptick in activity. Amid skyrocketing trade volumes and interest in both tokens, the blockchain’s largest DEX Raydium captured $32.48 million in fees and $3.39 in revenue.
However, as earlier mentioned, $MELANIA has had an immediate effect on $TRUMP, tanking its price below $60 at press time.
That being said, the launch approach of both meme coins raises ethical concerns that depict them more as rich-quick schemes. Famous personalities in the industry and Bitcoin advocates like Will Cole, Brandon Quittem, and Yat Siu have criticized both projects, describing them as potential rug pulls.
In fact, Yat Siu, in a recent post on X, called on Donald Trump to tread carefully with $TRUMP, highlighting how the launch approach of the project could have a ripple effect on the trust and reputation of the entire crypto industry.
.@realDonaldTrump my suggestion for you and the Trump coin team is to consider supporting important charitable foundations and causes with $TRUMP carefully. How the token is handled will have a ripple effect on the trust and reputation of the entire crypto and Web3 industry. https://t.co/V0RHv98GRo
— Yat Siu (@ysiu) January 18, 2025Considering the suspicious trading activities around both projects – $MELANIA & $TRUMP – they could be considered among the riskiest meme coins to buy now. As such, those seeking more legitimate alternatives with high-growth potential are better off diversifying into the following upcoming meme coin listings:
3 Best Meme Coins To Buy Instead
Wall Street Pepe
Wall Street Pepe stands out as a more credible alternative to $TRUMP and $MELANIA, thanks to its novel unique value proposition, attractive staking perks, transparent tokenomics, and well-defined roadmap.
While being a meme coin, embodying the ethos of the viral Pepe character, Wall Street Pepe’s major goal is to nurture the next generation of ambitious traders who will challenge the agelong dominance of whales.
Basically, Wall Street Pepe is offering a platform for small traders to access everything they need to crush the volatile yet thrilling meme coin market. From big-brain market insights, elite alpha calls to accurate trading signals and smart investment strategies, the project ensures that members of its community discover potential market opportunities before they become public knowledge.
Also, thanks to its insider group, investors will no longer be outsiders in the wild west of crypto. The private group will serve as a platform where they can discuss strategies, share ideas, and join hands together to achieve collective wins. There will also be regular trading contests, providing members with a chance to test their trading prowess and earn big rewards.
Meanwhile, unlike TRUMP and MELANIA, Wall Street Pepe has been fully audited by SolidProof and Coinsult, with no issues found. This further elevates its appeal as a reliable investment to consider this year.
Having raised over $53 million from early supporters, Wall Street Pepe will draw the curtains on its presale in the next 27 days. This simply means there is only a limited time left to gain early exposure to the token.
Considering several key factors including its viral presale success, experts are optimistic that $WEPE could be up to an explosive start. However, before its eagerly-awaited DEX launch, investors can still take advantage of the little time left to buy and stake their $WEPE tokens.
Meme Index
For those looking to maximize their gains amid the ongoing meme coin supercycle, Meme Index is a suitable investment to consider. This project is renowned as the first-ever decentralized meme coin index that gives complete control to the community.
Unlike existing meme coin indices which are centralized in nature and cover only top meme coins, Meme Index delivers the true promise of decentralization through its multiple indices that support all categories of meme assets determined by users.
Basically, it offers four different indices, each catering to the varied risk capacity of traders. Those seeking a more stable meme coin investment can try out the Titan Index, which features assets that are above the $1 billion market cap threshold. Next up is the Moonshot Index, containing meme coins slightly below $1 billion, making it an ideal option for those with some stomach for risk.
There is also the Midcap Index, which is where the real volatility starts as it features tokens within the $50 million to $250 million category. The last one, Frenzy Index, is only suitable for those with the “go-big-or-go-home” mentality since it contains tokens that are yet to gain traction.
These indices will be exclusively available to holders of $MEMEX. Moreover, as the market evolves, $MEMEX holders will determine how each index is rebalanced.
The next attractive aspect of Meme Index is its generous staking perks, offering an annual percentage yield of over 800% at press time. More so, Meme Index has passed major third-party audits from SolidProof and Coinsult, further reinforcing its market credibility.
At press time, Meme Index has raised close to $2.6 million from presale buyers. If the pace of this presale allows the presale to conclude ahead of schedule, ClayBro, a prominent crypto YouTuber with more than 130k subscribers, says it could become the next 50x gem.
Flockerz
Flockerz is another brand-new meme coin worth considering. Renowned as the People’s meme coin – a title once given to Dogecoin by Elon Musk – Flockerz seeks to fully democratize the meme coin space and build a strong ecosystem that’s controlled by the community.
Flockerz has already hinted at its plan to build a VTE-powered DAO system – Flocktopia – that will onboard all levels of $FLOCK investors, giving them a say on the project’s direction.
This fully decentralized solution will serve as a platform where members of the community, represented as flocks, can determine decisions that could shape the future of the project. Through a voting process, they will have a say on future developments around the project like use cases, partnerships, token burns, integrations, listing events, expansion, and many more.
Participation in the aforementioned governance activities guarantees tangible rewards. This simply means active members of the community will receive free $FLOCK tokens, based on the level of their participation in the governance activities.
Apart from providing a platform for Flockerz to evolve over time, this engaging yet rewarding approach incentivizes commitment, making participation in the project’s future development even more valuable.
Adding a feather to Flockerz’s cap is its built-in staking facility, which is currently in high demand. With just less than 48 hours to go, investors can still benefit from the three-digit APY reward offered through the staking feature.
Looking ahead, market analysts believe $FLOCK has what it takes to deliver 100x returns to early birds when it eventually lands on exchanges in the coming days.
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