This weekend, the crypto market received notable new additions. After Donald Trump got off to a flying start with Official Trump, his wife Melania has now also launched her own memecoin.

Immediately after TRUMP was launched, however, questions arose. Onchain data show that one wallet bought tokens worth several million dollars immediately after trading began, sold some of them for high profits, and then distributed the rest to ten other wallets, from where they are now continuing to be sold.

There was speculation on Platform X that this may have been insider trading. However, according to the data service Bubblemaps, the distribution of tokens corresponds to the project's official statements.

Check this up for context:https://t.co/ACDW0jbtOB
— Bubblemaps (@bubblemaps) January 18, 2025

At MELANIA, the situation is different. According to Bubblemaps, nearly 90 percent of the total token supply is in a single wallet. This "does not match the distribution stated on the website." The website claims that 35 percent of the tokens are distributed to the team, 20 percent are intended as reserves, another 20 percent go to the community, 15 percent are sold and 10 percent are reserved for liquidity.

So far, the team behind Melania Meme has not commented on these discrepancies. However, a comment on the memecoin website is telling: "They are not financial instruments or investments."

Despite these concerns, the price of MELANIA continues to rise. Although memecoin has fallen 25 percent from its peak of more than $13, the price is currently still close to $10, which is 33 percent higher than its starting price.

Official Trump also had a wild ride. The TRUMP stock price reached $73 at a high. It has since fallen to $55, but that is still an 1150 percent increase since its launch.