The release of $TRUMP and $MELANIA tokens has generated significant market hype, driving TRUMP’s price to a range of $30–$80 and MELANIA’s to $4–$15.
This surge highlights the powerful influence of celebrity-backed cryptocurrencies, attracting speculative demand and market liquidity.
The launch has also drawn new investors into the space, with many entering via the Moonshot platform, indicating its broad appeal.
This event marks a new chapter for meme coins, as celebrity participation like Trump’s could inspire others to issue their own tokens, fostering diversification within the meme coin market.
Additionally, $TRUMP’s launch on Solana has boosted the blockchain’s transaction volume and network activity. While this provides short-term gains, Solana’s performance may depend on sustained interest in $TRUMP.
The broader impact suggests that celebrity-backed tokens could reshape market trends, drawing in fresh capital and further integrating blockchain with mainstream audiences.
Ryan Lee, Chief Analyst at Bitget Research
