MELANIA is a Solana-based meme coin described in its project documents as a symbolic digital collectible for supporters—not an investment product. Its documents give different token-allocation breakdowns, and market figures are volatile, so both require careful attribution. Kraken’s disclosures also warn that holders could lose all the money they put in.
What is the MELANIA coin?
MELANIA is the ticker for Melania Meme, a meme-themed cryptoasset on the Solana blockchain. Kraken’s 2025 MiCA Crypto-Asset White Paper reproduces the project’s description of it as “the official meme-coin of Melania Trump.” That is the project’s stated description, not an independent endorsement.
The white paper says the token is intended as a symbolic digital collectible for supporters rather than an investment product. Kraken’s UK crypto-asset statement describes it as having no inherent utility beyond entertainment and social commentary. These documents describe the stated purpose; they do not guarantee how the token will be used or what it may be worth.
When was MELANIA launched?
Axios reported that Melania Trump announced the coin on 19 January 2025. Kraken’s MiCA white paper records its launch date as 20 January 2025. The dates refer to different things: the public announcement and the launch date recorded in the later document.
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What do the documents say about MELANIA’s supply and allocation?
Kraken’s 2025 MiCA white paper lists a maximum supply of 1 billion MELANIA. Its allocation details do not match the table in Kraken’s separate 2025 UK crypto-asset statement, and the available documents do not explain the discrepancy.
| Document | Allocation information | Schedule information |
|---|---|---|
| Kraken MiCA Crypto-Asset White Paper, 2025 | 20% treasury; 20% community rewards | No schedule is available for community rewards. The cited allocation details do not account for the entire maximum supply. |
| Kraken UK Crypto Asset Statement, 2025 | 35% team vesting; 20% treasury; 20% community; 15% public distribution; 10% liquidity | The statement labels the team allocation as vesting. The cited table does not provide a corresponding schedule for the other categories. |
Because the documents differ, neither breakdown should be presented as a universally settled allocation. The categories may not be directly comparable, and the sources cited here do not reconcile them.
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What do market figures say—and what don’t they say?
CoinMarketCap’s listing, accessed on 7 October 2026, reported approximately $95.55 million in market capitalization, $8.07 million in 24-hour trading volume, and 999.996 million MELANIA in circulating supply. These are third-party figures that can change; they are not a guaranteed sale price or an assessment of the token’s underlying value.
CoinMarketCap also listed a historical all-time high of $13.73 on 20 January 2025 and an all-time low of $0.06609 on 6 June 2026. These are historical values reported by that provider, not forecasts or assurances about what a holder can buy or sell MELANIA for.
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What risks does Kraken identify?
Kraken’s 2025 UK disclosure identifies risks including volatility, liquidity, demand, concentration, regulation and cybersecurity, among others. Its warning is explicit: “Don’t invest unless you’re prepared to lose all the money you invest.” This is Kraken’s risk-disclosure language, not personalized financial advice.
The same statement says Kraken’s UK cryptoasset services are unregulated and are not covered by the Financial Services Compensation Scheme or FCA consumer-protection regulations. That disclosure concerns Kraken’s UK services; it should not be generalized to every exchange, jurisdiction or cryptoasset service.
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Sources
- Kraken, MiCA Crypto-Asset White Paper for Melania Meme
- Kraken, UK Crypto Asset Statement for MELANIA
- CoinMarketCap, Melania Meme listing
- Axios, report on Melania Trump’s announcement
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