U.S. President Donald Trump and his team have seen significant gains from the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens that launched on the Solana blockchain. TRUMP has reached a market capitalization of $8.8 billion, making it the 25th largest cryptocurrency, while MELANIA has a market cap of $945 million. On-chain data shows that the TRUMP treasury wallet holds $35.5 billion of the token and $17.5 billion in other memecoins, while the MELANIA team holds $4.8 billion worth of the token. Notably, these wallets also hold a significant amount of the VANCE token, suggesting they may be operated by the same entity. However, it is important to note that these figures represent paper wealth and selling pressure from the Trump team could significantly impact the market. Additionally, there are vesting schedules in place that restrict the immediate sale of these tokens. Overall, the Trump team's holdings, including other coins, could be worth approximately $2.3 trillion, but realizing these gains may prove challenging.
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