About 3% of the MELANIA token supply ($39M) will start unlocking after Feb. 20, allocated to the team at launch.
The regulations for token allocation that are posted on the official website state that thirty days following the launch date of the official Melania Trump token, ten percent of the tokens that have been allocated to the team that is responsible for the token will begin to be unlocked.
Around thirty million MELANIA Meme tokens, which is equivalent to three percent of the total supply of the meme coin, make up this ten percent. On the 20th of January, only a few hours before the inauguration of President Donald Trump, the MELANIA token experienced its official launch.
MELANIA Token Distribution
In the meantime, her husband’s meme currency had introduced itself earlier in the weekend, prior to his inauguration. The token distribution chart indicates that twenty percent of the MELANIA tokens are intended for public distribution, twenty percent were distributed to the community, thirty percent were placed in the treasury, and thirty percent were placed in the vesting of the team.
Two months after the launch date, the vesting period for team-allocated tokens begins. This is then followed by another unlocking phase for the remaining ninety percent of team tokens, which will be released on a monthly basis at a rate of two and a quarter percent per month.
Beginning in the second month following the launch, the second unlocking period will begin and continue until the thirteenth month. By the time the thirteenth month arrives, all MELANIA tokens will have unlocked in value.
In general, the unlocking of a token indicates an increase in the quantity of the token that is already in circulation. This could potentially result in an increase in the amount of selling pressure and price volatility.
It is possible that the price of the token will experience a decline if the team decides to quickly sell the three percent of tokens that they currently possess. There has been a decrease of 4.3% in the value of MELANIA during the course of the previous day, according to data obtained from Cryptostove.
Since its inception, the meme coin has been heading in a direction that is primarily downward. With a drop of approximately 14% during the past two weeks, MELANIA has dropped by 13.5% in the past week.
The value of MELANIA has dropped by more than 90 percent, despite the fact that it had a starting price of $13.05 in the beginning. Currently, the price per contract is $1.43.
MELANIA team’s connection to LIBRA
According to Bubblemaps, there is a rumor going around that MELANIA was supposedly developed by the same group of people that were responsible for the creation of LIBRA, an Argentine meme coin based in Solana that failed to gain traction just a few hours after its birth.
By looking into blockchain data, we found that 0xcEA, a wallet linked to the creator of MELANIA, has on-chain traces that show it is also giving money to the creator of LIBRA.” To make matters much worse, 0xcEA additionally sniped $LIBRA and generated a profit of $6 million by exploiting numerous side addresses made possible by CCTP.
Bubblemaps noted in a post that “this is similar to the MELANIA case,” stating that the inventor of MELANIA and LIBRA issued tokens with the intention of “extracting value but using insider knowledge to snipe them.”
According to a recent article by Cryptostove, the LIBRA meme currency experienced a collapse on February 15 hours after its inception. This resulted in a loss of $4.4 billion in market capital and brought the market for meme coins down a downward spiral.
It was President Javier Milei of Argentina who advocated for the token as a means of bolstering the economy of the country by providing funds for various minor enterprises.
Regrettably, an on-chain examination revealed that a single cluster held 82% of LIBRA’s token supply. Furthermore, insiders took $87.4 million within the first three hours of the token’s existence through deliberate liquidity manipulation, which contributed to the token’s inevitable demise.
