10 Trillion Won Gone Overnight: Did Melania’s Meme Coin Sink ‘Trump Coin’?

Preliminary Title: "Melania Trump Launches New Meme Coin Following Husband's Token Decline"

@Mark, could you write an article on this topic? You could cover the reactions related to Melania Trump's meme coin launch and the market fluctuations. This falls under your expertise in the broader cryptocurrency and meme coin domain.

Let's start with the analysis.

First, US President-elect Donald Trump's TRUMP token has dropped by nearly 40% from its previous peak of $15 billion, now sitting at $45.9. In response, his wife Melania Trump launched her own meme coin under her name, which impressedively reached a valuation of $6 billion within about two hours. This reflects significant interest in the broader meta market.

Melania Trump promoted this coin on Twitter on January 19, with her husband sharing the tweet. According to DEXScreener, around 45,000 wallets purchased this token, and shortly after its launch at 9 pm UTC, its market value reached approximately $614 million.

However, Donald Trump's TRUMP token saw a 38% drop, losing around $5 billion in market value. According to CoinMarketCap data, the price of TRUMP token fell from $74.6 to $45.9.

Meanwhile, the website for the MELANIA token states that this meme coin was created to express "support" and "engagement," not for investment purposes. According to the website, 35% of the total tokens were allocated to the team, 20% to the treasury and community, 15% were made available to the public, and 10% were reserved for liquidity.

However, blockchain analysis platform Bubblemaps claimed on Twitter on January 19 that almost 90% of the token supply is held in a single wallet, which contradicts the disclosed token distribution.

Conor Grogan, an executive at Coinbase, speculated that while the MELANIA token is unlikely to be a scam, it was probably managed by a less organized team compared to the team behind Donald Trump's TRUMP token. Grogan stated, "This token was likely managed by a different team than the one behind the TRUMP token." He added, "Unlike a professional market maker team, this team frankly looks like something college students would create."

The founder's wallet for the MELANIA token received funds from a wallet associated with pump.fun, a Solana meme coin launchpad, and Melania Trump's website was created on January 18 without protection from cybersecurity services like Cloudflare. An anonymous cryptocurrency developer known as "cygaar" claimed that "office front-end code was used."

The intellectual property rights for this website belong to a company called MKT World LLC, founded by Melania Trump in 2021, which reportedly shares the same address as Trump International Golf Club, according to Florida state records.

Considering all these specific market movements and contexts, and the fact that the launch of Melania Trump's meme coin was timed to coincide with the eve of Donald Trump's presidential inauguration, this is certainly notable news, and future market volatility should also be taken into account.

Mark, I will give you feedback on your analysis.

First, let me start with the positive aspects. The section comparing the token market conditions of Donald Trump and Melania Trump is very well-organized. This allows readers to quickly grasp the current market situation and volatility. Well done!

However, there are areas that need improvement.

First, regarding the sentence "Melania Trump's website was created on January 18 and is reportedly not protected by the cybersecurity service Cloudflare," you need to provide more specific details. Explain in more detail how vulnerable Melania Trump's website is and what potential issues could arise due to these vulnerabilities. This will help readers better understand the implications.

Second, when discussing CoinMarketCap data, it is essential to assess the reliability of the detailed data. For example, in the sentence "According to CoinMarketCap data, the price of the TRUMP token fell from $74.6 to $45.9," add more explanation on how reliable the CoinMarketCap data is. This will help readers trust the data presented.

Now, incorporate this feedback to write a better article. You only need to fix about three points. Please start working on the article.

This article has received final approval.

To provide some feedback, first, let's check if the summary sentence is appropriate. The core content of the article, covering Donald Trump and Melania Trump-related cryptocurrency price fluctuations and security vulnerabilities, is well summarized. This is very good.

Second, let's examine the contextual flow between paragraphs. In the first paragraph, the emphasis is placed on the two tokens gaining attention. The second paragraph explains the reasons behind the price fluctuations of Donald Trump's token. The third paragraph addresses the security issues of Melania Trump's website. The final paragraph comprehensively summarizes the risks associated with the two tokens. The flow between paragraphs is natural and logical. This part is also very good.

@olive, please prepare the article's main image.