Following a blog from Melania Trump’s social media accounts promoting what appears to be a blockchain tied to her name, Donald Trump’s recognized image gold, TRUMP, quickly fell later on Sunday night.

” The Standard Melania Meme is live”, a post on Melania Trump’s X consideration, that Donald Trump has since retweeted, reads. The article was also shared on Truth Social, the new First Lady’s bill.

Dubbed Melania, the Solana-based token has surged more than 12, 000 % in the last 24 hours to$ 6.70, DEX Screener data shows. has reached out to Trump’s staff for more information.

The Melania Meme token’s distribution model allocates 35 % to team vesting with a 13-month release schedule (vesting period ), according to the token’s webpage.

Somewhat, the equal 20 % distribution to both government and community efforts while maintaining a conservative 10 % cash swimming and 15 % public distribution. &nbsp,

A foundation of this kind appears to support the token’s principal purpose as a collectable online resource rather than a theoretical tool.

According to an FAQ section on the site’s website, the Melania Meme token is “intended for collection and entertainment only.” ” They are not monetary instruments or assets”.

Ironically, the vesting schedule’s continuous unlock system starts with a 30-day switch period, followed by measured regular releases. That contrasts with Trump’s own gift, which includes regular vesting periods.

The President-elect is expected to take office on January 20 only weeks before his opening. Trump has pledged to advance the sector by creating a positive regulatory environment for the asset class this year and creating a Bitcoin supply.

TRUMP is down about 32 % over the last six hours to$ 45, down from a peak of around$ 77 earlier on Sunday, according to data provided by GeckoTerminal.

” Donald Trump’s memecoin,$ Republican, crashes… as Melania Trump launches her personal memecoin. This is beyond insane”, users of the Kobeissi Letter wrote on X on Sunday.

The buying frenzy even comes amid problems to Solana facilities, including the Phantom Wallet.

” We’re now experiencing a massive surge of 8, 000, 000+ calls per minute. Deals may have difficulty passing through on the first try while we work to maintain our software,” Phantom wrote to X.

The multi-chain, self-custodial wallet is designed primarily for the Solana network and is often regarded as the “MetaMask of Solana,” with over 15 million monthly active users. 

Sunday’s exchanging exercise has likewise impacted Moonshot, a Solana image gold build plate.

” We now have extremely high transportation, and some derivatives may become failing—please try if you have problems”, it posted to X

Mert Mumtaz, co-founder and CEO of Helius Labs, a firm specializing in designer equipment for the Solana bitcoin, attempted to soothe those problems.

” Stones are being produced, the ring is live”, Mumtaz tweeted. ” Some applications aren’t adjusting costs immediately, but the median price has gone up —some of the game logic I’m seeing is atrocious, requesting over 20x the amount of CUs that are actually being used”.

The broader crypto market has since retreated sharply, with Bitcoin falling back to the$ 100, 000 price tag while seminal meme token Dogecoin ( DOGE ) is down 11 % over the last 24 hours, CoinGecko data shows.

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