Trump’s Inner Circle Possesses $2.3T in Memecoins.

Trump’s Entourage Holds Billions in Memecoins, But Liquidation Could Prove Difficult

On-chain data reveals that wallets likely controlled by Donald Trump and his entourage are sitting on enormous paper wealth, with billions of dollars tied up in memecoins like the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens. These tokens, launched on the Solana blockchain in the past few days, have seen significant price surges, translating into huge profits—at least on paper—for the Trump family.

The TRUMP token, now trading at $42, has reached a market capitalization of $8.8 billion, making it the 25th-largest cryptocurrency, just behind established tokens like Polkadot (DOT) and Litecoin (LTC). Meanwhile, MELANIA has surged to a $945 million market cap, ranking it 121st among all token projects.

Breakdown of Holdings

The TRUMP treasury wallet alone holds a staggering $35.5 billion worth of TRUMP tokens, in addition to $17.5 billion in other memecoins linked to members of the Trump family, such as those named after Eric Trump and Kai Trump. Another wallet, flagged as part of the TRUMP launch, holds $622 million in TRUMP and almost $162 billion in other tokens, including a large portion of a memecoin named after Vice President J.D. Vance—a project that Vance did not officially announce via social media.

For MELANIA, approximately 77% of the total supply is held across three wallets, which are labeled as belonging to the Melania team on Solscan, with a fourth wallet holding 3.7% of the supply. Together, these wallets are thought to hold around $4.8 billion worth of MELANIA tokens.

The VANCE Token and Further Connections

Interestingly, two of the MELANIA wallets—labeled Melania Treasury and Melania Liquidity—also hold a substantial amount of VANCE tokens, valued at $295 billion. In total, these wallets and the TRUMP launch wallet collectively control around 25% of the VANCE token’s supply.

When considering just TRUMP and MELANIA, the total market value of the Trump entourage’s holdings is around $40.9 billion. But when factoring in other tokens like VANCE, the total rises to approximately $810 billion.

Paper Wealth vs. Realization Challenges

Although these holdings appear impressive, they are largely theoretical. The Trump team controls such large portions of each token’s supply that attempting to liquidate these assets would likely overwhelm the market, causing prices to plummet. For instance, realizing $35.5 billion in gains from TRUMP, with its $8.8 billion market cap, is virtually impossible without crashing the market. The same applies to MELANIA and VANCE tokens.

Creating tokens on the Solana blockchain is relatively inexpensive, and token creators can inflate the market cap with minimal actual trading activity. If 1 trillion tokens are created and traded at $1 each, the market cap could theoretically reach $1 trillion, even without significant market liquidity. VANCE, for example, has only around $2,000 in liquidity across two Solana-based pools, making it difficult to buy or sell large amounts without driving the price down drastically.

Vesting Restrictions Delay Liquidation

Additionally, both the TRUMP and MELANIA projects have vesting schedules that prevent immediate profit-taking. The TRUMP team will have to wait at least three months before they can begin selling, and even then, they will only be able to sell a limited number of tokens. MELANIA tokens will start unlocking in less than 30 days, but the process will be gradual.

Despite the enormous on-chain paper wealth the Trump entourage holds, the ability to liquidate these holdings remains constrained by liquidity issues and the projects’ vesting schedules. As a result, while the Trump family may hold billions on paper, the actual realization of these holdings could be much more complicated and potentially far less lucrative.

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