Trump Entourage Holds $2.3T in Memecoins

Trump Entourage Holds $2.3T in Memecoins

Trump's Memecoins Soar: On-Chain Data Shows Billions in Unrealized Gains

U.S. President Donald Trump and his inner circle are sitting on staggering paper profits following the launch of two official memecoins—TRUMP and MELANIA—on the Solana blockchain. Within just three days, these tokens have skyrocketed in value, generating at least $40.9 billion in unrealized gains, according to on-chain data. However, the actual holdings across various wallets linked to Trump's entourage could be much higher, potentially reaching $2.3 trillion when factoring in other associated tokens.

Trump’s Crypto Fortune on Paper

• TRUMP Token: Trading at $42, the token now boasts an $8.8 billion market cap, making it the 25th largest cryptocurrency, rivaling well-established assets like Polkadot (DOT) and Litecoin (LTC).
• MELANIA Token: Surging to a $945 million market cap, it ranks 121st among crypto projects.
• Trump’s Wallets: The primary TRUMP treasury wallet holds $35.5 billion worth of the token, plus $17.5 billion in other Trump-related memecoins. Another wallet, linked to the token’s launch, holds $622 million in TRUMP and $162 billion in various other memecoins, including one named after Vice President J.D. Vance.

Melania’s Holdings & The Vance Connection

On-chain analysis reveals that roughly 77% of MELANIA’s supply is concentrated in four key wallets. Two of these wallets, labeled Melania Treasury and Melania Liquidity, also hold a massive $295 billion worth of the VANCE token, raising speculation that Trump’s team may also control the VANCE project. In fact, 25% of VANCE’s total supply is distributed between MELANIA and TRUMP-associated wallets, hinting at coordinated ownership.

Total Holdings Could Be Astronomical

If the TRUMP, MELANIA, and VANCE wallets belong to the same entity, their combined holdings could be valued at approximately $2.3 trillion—surpassing the entire market cap of Bitcoin (BTC), which currently stands around $2 trillion. However, these figures reflect paper wealth rather than liquid assets.

Why Cashing Out Is Nearly Impossible

Despite the enormous market capitalization, Trump’s team is unlikely to realize these gains due to several key factors:

• Illiquidity: The entourage controls the vast majority of each token’s supply, meaning any significant sell-off would tank the market before large amounts could be cashed out.
• Market Cap Illusions: Since anyone can mint tokens cheaply, a coin’s market cap can be artificially inflated if a small number of tokens are traded at high prices. The VANCE token, for instance, has only $2,000 in liquidity, meaning its trillion-dollar valuation is theoretical.
• Vesting Restrictions: Both TRUMP and MELANIA tokens have vesting schedules, preventing immediate sales. TRUMP holders must wait at least three months before they can start selling, while MELANIA tokens begin unlocking in under 30 days.

Final Takeaway

While Trump and his team appear to be sitting on billions (or even trillions) in crypto assets, much of it remains locked and illiquid. If they attempt to cash out, the resulting sell pressure could cause prices to collapse, making it nearly impossible to extract the full value. Despite the speculative frenzy, the real-world financial impact of these memecoins remains uncertain—for now.