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Trump & Melania Launch Memecoins
🚀 Trump and Melania’s Crypto Clash
Trump’s $TRUMP Coin Takes Off: Donald Trump’s memecoin made waves after launching on Solana, skyrocketing to a $4bn market cap within hours. While it spiked excitement, critics called the 80% insider token allocation during his presidency “predatory,” while others saw it as a bold move to legitimize crypto. Solana trading hit record highs as $TRUMP stole the spotlight.
Melania’s $MELANIA Shakes Things Up: Just as $TRUMP gained traction, Melania Trump launched her own rival memecoin, $MELANIA, which quickly hit a $5.69bn valuation. With fewer insider tokens (35%) and a shorter 13-month vesting period, it grabbed attention and sent $TRUMP’s value tumbling by 48% before it rebounded slightly.
What It Means for Crypto: The Trump family’s sudden plunge into memecoins sparked mixed reactions. While some see it as a gateway to bring new users into crypto, others worry it could tarnish the industry’s reputation. Analysts predict wild swings ahead as these coins dominate headlines. Read More.
️ On today's Top Picks:
- ⚡ Vitalik Buterin details 'large changes' to Ethereum Foundation.
- 👀 Mark Cuban considers issuing a memecoin similar to $TRUMP.
- 🪂 Eclipse introduces Eclipse Foundation; airdrop potentially soon.
- 🤖 Linea identifies ~476K sybil addresses in partnership with Nansen.
Read time: ⏰ 3-9 minutes
Crypto News
• ⭐️ US President Trump launches Official Trump $TRUMP; US First Lady Melania Trump launches Melania Meme $MELANIA.
• Digital Asset Investment Products saw $2.19B of inflows last week; Bitcoin $BTC saw inflows of $1.9B, Ethereum $ETH saw inflows of $246M, & Solana $SOL saw inflows of $2.5M.
• Bitcoin $BTC reached new all-time high of ~$109K on January 20th.
• ⭐️ Ethereum Co-Founder Vitalik Buterin $ETH details 'large changes' to Ethereum Foundation leadership; some changes already executed & some still in progress.
• Ethereum Foundation $ETH allocates 50K Ethereum worth ~$160M to participate in Ethereum DeFi; ETH stored on 3-of-5 multisig Safe wallet.
• Ethereum Foundation $ETH sells 100 Ethereum worth ~$330K; Ethereum Foundation has sold 200 ETH for ~$670K so far this year.
• Solana $SOL reached new all-time high of ~$293 on January 19th.
• ⭐️ Mark Cuban considers issuing a memecoin similar to Official Trump $TRUMP; revenue from the sale would go to the US Treasury.
• US President Trump's World Liberty $WLFI buys $47M of Bitcoin $BTC, $47M of Ethereum $ETH, $4.7M of Aave $AAVE, $4.7M of ChainLink $LINK, $4.7M of Tron $TRX, & $4.7M of Ethena $ENA.
• US President Trump's World Liberty $WLFI presale of 20% of WLFI supply sells out; opens additional sale of 5% of WLFI supply.
• Tron Founder Justin Sun $TRX buys $45M worth of US President Trump's World Liberty $WLFI; Sun's total investment now up to ~$75M.
• Elon Musk says Ross Ulbricht will be freed with a presidential pardon from Donald Trump.
Alpha
• ZKsync Ignite Program Airdrop Strategy by Earndrop.
• ⭐️ Eclipse introduces Eclipse Foundation; to potentially launch TGE & airdrop soon.
• Abstract posts "Mainnet soon..." on X; to launch TGE & airdrop soon.
• Symbiotic posts "mainnet is loading" on X; to launch TGE & airdrop soon.
• ZKsync launches Period 2 of ZKsync Ignite Program; ~9.5M $ZK up for grabs.
• BOB launches Fusion Lunar New Year campaign; open Red Envelopes to earn Spice.
• DeBank launches Puffer $PUFFER Airdrop Hunter Web3 Badge; users who received PUFFER airdrop & are verified non-sybil are eligible to mint.
Airdrops
• ⭐️ Linea identifies ~476K sybil addresses; adds addresses to existing sybil blocklist which won't receive LXP airdrop allocations; appeal form available for 2 weeks.
• Plume to launch $PLUME airdrop claim soon; early adopters, testnet users, pre-deposit stakers, & more are eligible.
• Nillion launches $NIL airdrop eligibility checker; Verifier Program participants, various community members, developers & more are eligible; registration closes February 3rd.
• Orbiter launches $OBT airdrop claim; Orbiter Points holders are eligible; claim scheduled in 3 phases.
• Analog launches $ANLOG airdrop claim; testnet users are eligible; claim by June 19th.
• ICYMI Weekly Airdrop Recap by Earndrop.
• ICYMI Nansen Airdrop Strategy by Earndrop.
Finance News
• US President Trump selects Mark Uyeda as acting US SEC chair; Uyeda previously an outspoken champion of the crypto industry; Trump nominee Paul Atkins to lead SEC when approved.
• US President Trump selects Caroline Pham as acting US CFTC chair; Pham previously led multiple digital asset initiatives at the CFTC; a permanent chair has yet to be named.
• Circle CEO Jeremy Allaire says US President Trump may soon sign an executive order to make it easier for banks to own digital assets.
• Rumble $RUM buys $20M of Bitcoin $BTC as part of treasury strategy; plans to increase its Bitcoin holdings in the future.
Security and Exploits
• SlowMist posts Weekly Security Report highlighting ~$521K in total reported losses; multiple contract vulnerabilities & account compromises reported.
• Threat Actors target Homebrew with fake sponsored Google links to distribute malware; malware designed to steal crypto wallet data & drain assets.
• Malicious VPN Extensions found to be spying on users; the extensions used obfuscation techniques to bypass Google's remote code execution restrictions.
• Hewlett Packard Enterprise investigates claims of breach; threat actor claims they stole documents from the company's developer environments.
• Revoke[.]cash adds support for ink.
Token Unlocks
• Ethena $ENA / ~$11M / JAN 22nd
• Immutable $IMX / ~$28M / JAN 24th
Sourced from Tokenomist
Funding
• Oshi raises $12.5M in funding led by Polychain & Superscrypt.
• Grix raises $1.1M in Seed funding from several investors.
• DuckChain raises undisclosed amount in Strategic funding from OKX Ventures.
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PROTOCOL | ASSETS | APY |
---|---|---|
Orca (Solana) | USDCUSDT | 96.27% |
SmarDex (Ethereum) | SUSDN | 43.22% |
Indigo (Cardano) | IUSD | 39.11% |
Storm Trade (Ton) | USDT | 38.49% |
Joe V2.1 (Avalanche) | USDTUSDC | 35.27% |
Notional V3 (Ethereum) | NUSDC | 34.90% |
Synthetix V3 (Base) | USDC | 33.36% |
Uniswap V3 (Ethereum) | SUSDEUSDT | 33.02% |
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🪂Movedrop: Movement recently launched MoveDrop, allocating 1 Billion $MOVE to the community. The window to claim is still open until Movement Public Mainnet goes live. Not eligible? Don't worry—40 Billion $MOVE is allocated for future ecosystem initiatives.
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That’s it for today’s edition! See you soon.
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