AI Summary
- Trump’s World Liberty Financial DeFi platform spent $20 million worth of USDC to purchase 6,041 Ethereum as Melania Trump launched an official meme coin.
- Over the past week, the crypto market has been influenced by Trump with a new TRUMP meme coin and World Liberty Financial re-launching their WLFI token sale.
- Since the launch of Donald Trump’s meme coin, $TRUMP, Melania Trump also launched her own coin called “Melania Meme” with the ticker ‘MELANIA’.
- Melania coin is still young but if TRUMP reaches a milestone market cap, or $100, there could be a chance that related tokens, such as MELANIA, will surge in price followed by other unofficial tokens related to the Trump family.
Trump’s World Liberty Financial DeFi platform spent $20 million worth of USDC to purchase 6,041 Ethereum as Melania Trump launched an official meme coin.
Over the past week, the crypto market has been influenced by Trump with a new TRUMP meme coin and World Liberty Financial re-launching their WLFI token sale.
In response to the Ethereum purchase, Trump’s son, Eric Trump, told Crypto Twitter to “Wait until you see what they do tomorrow!”
Melania Trump meme coin launches in a volatile market
Since the launch of Donald Trump’s meme coin, $TRUMP, Melania Trump also launched her own coin called “Melania Meme” with the ticker ‘MELANIA’.
The launch of MELANIA caused liquidity problems throughout the market as investors raced out of Trump’s coin and into Melania’s.
Altcoins suffered momentarily with Trump’s own token falling over 56% from highs of $70 to $38 before regaining hours later on inauguration day.
Around the same time that Melania launched, World Liberty Financial, the Trump family’s DeFi exchange platform, purchased $20 million worth of USDC before swapping to Ethereum, acquiring 6,041 ETH tokens.
Similarly, liquidity profits from Trump’s meme coin have been used to purchase Solana tokens from the open market. Trump’s coin currently has a vesting period of 3 years, meaning 80% of the supply will be slowly unlocked and saleable.
World Liberty Financial & Eric Trump
In response to a tweet of World Liberty Financial purchasing $20 million worth of Ethereum, Eric Trump replied in a tweet, hinting that there was more to come.
On inauguration day, World Liberty Financial announced that 20% of WLFI tokens had been sold. In response to the ‘demand’, World Liberty Financial opened a new sales round with 5% of the supply up for grabs.
The team hopes to raise an additional $250 million by selling an additional 5% of the supply at an unmarked cost when compared to the previous sale for 20%, in which World Liberty netted $300 million.
According to documentation, World Liberty Finanical’s token, WLFI, cannot be sold or traded. Once WLFI is launched, holders of the token will only be able to vote and participate in governance and community proposals.
MELANIA meme coin price prediction
As of January 20, 2025, there’s no saying which way MELANIA‘s meme coin could go once the inauguration ceremony is over.
With Trump’s meme coin reaching over $10 billion market cap, investors may hold the token throughout Trump’s presidency, providing the token increases over time due to organic interest.
Melania coin is still young but if TRUMP reaches a milestone market cap, or $100, there could be a chance that related tokens, such as MELANIA, will surge in price followed by other unofficial tokens related to the Trump family.
