Although US President elect Donald Trump's memcoin soared in the discussion of cryptocurrency community over the weekend, his wife Melania Trump's latest memcoin was severely criticized.

MELANIA Vampire TRUMP

Renowned trader Daan Crypto Trades wrote on social platform X:

This is clearly a huge disappointment, as it not only dilutes TRUMP, but may also trigger the emergence of more similar memes, ultimately making the entire market a mess. These memes dilute each other, and the market will become a PvP melee, ultimately causing investors to suffer huge losses

Melania's token, MELANIA, surged to a valuation of billions within just 5 hours of its launch. However, its launch seriously affected the earlier issuance of 'TRUMP', causing a sharp drop in the coin's price and causing many investors to suffer losses. Especially the 400000 new investors who have entered the market in the past few days may have strong dissati**action as a result. TRUMP The price of the coin has fallen from $75 to $45 and reached a low of $34 at one point after the release of MELANIA.

Renowned cryptocurrency trader DonAlt commented on X:

"If this is true, and it seems to be true, then the upside of TRUMP may have been capped, and no one is willing to hold an asset that will continue to be diluted. In general, this is a huge" Trump suicide "accident, which may be the biggest self injury behavior I have ever seen in the encryption market."

Poor token economy and the team behind it

In addition to criticizing the fact that MELANIA's meme coin itself should not be issued, the design of its token economy has also left many people speechless. Memeland Stats, chief chart officer of, pointed out that Donald Trump reserved 80% of the supply of TRUMP coins for himself and his team, while Melania reserved 88%, and the unlocking speed was faster. If this continues, the next Trump family to launch meme coins may retain more. "

In addition, some analysts have noticed that the issuance plans of TRUMP and MELANIA are vastly different. Coinbase Conor Grogan, the head of product operations, discovered that the wallet that created the MELANIA token had previously traded on Pump.fun (a cryptocurrency issuance platform) and did not use multisig, which is completely different from the operation mode of TRUMP coin. Conor Grogan states on X:

I guess the trading team of this token is completely different from that of TRUMP coin. TRUMP coin seems to be managed by professional market makers, while MELANIA coin... to be honest, it looks like something made by college students

Abstract Chain developer Cygaar also pointed out that MELANIA's official website was just registered yesterday and even lacks Cloudflare protection. So, this is simply a blatant act of cutting leeks. At least TRUMP coin was planned several weeks in advance, "he added.