Summary
⚈ Critics raise concerns about conflicts of interest as Trump acts as both promoter and potential regulator.
⚈ Investor incentives like exclusive dinners drive continued price surges and strengthen Trump family influence.
Meme cryptocurrencies associated with the United States First Family are dominating the PolitiFi cryptocurrency sector, accounting for almost 100% of the market capitalization.
Specifically, the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens have collectively seized 95.13% of the PolitiFi market share, with a combined market capitalization of $3.09 billion out of the sector’s total of $3.24 billion, according to data retrieved by Finbold from CoinGecko.
It’s worth noting that PolitiFi refers to a category of cryptocurrencies, primarily meme coins, that draw inspiration from political figures, movements, or ideologies.
To this end, the Donald Trump family’s entry into this space in early 2025 has amplified the sector’s visibility, despite lingering concerns about its long-term viability.
The TRUMP token, launched on January 17, 2025, on Solana, quickly hit an $11.74 billion market cap, with prices topping $75 ahead of President Trump’s second inauguration.
Two days later, Melania Trump launched MELANIA, reaching a $4 billion market cap within 30 minutes and surging massively over the next 24 hours. This caused TRUMP’s value to drop by 40% as traders shifted their focus.
The rapid ascent of both tokens was partly fueled by the Trump family’s World Liberty Financial venture and capitalized on Trump’s campaign promises to make the United States the “crypto capital of the world.”
Controversy around Trump family meme coins
However, the launches were not without controversy. Critics flagged significant conflicts of interest, noting that Trump had a dual role as both a market participant and a potential regulator.
Meanwhile, the TRUMP token continues to attract more investor interest, thanks to several initiatives from President Trump. In this case, President Trump announced an exclusive dinner for the top 220 TRUMP holders, sending the token’s price soaring by 70%.
The dinner, framed as a reward for “top bagholders,” points to Trump’s potential strategy to maintain loyalty among high-stakes investors, further cementing TRUMP’s dominance in PolitiFi.
Featured image from Shutterstock
