On January 20, 2025, at 14:30 UTC, the cryptocurrency $MELANIA, associated with Melania Trump, achieved a fully diluted valuation (FDV) of $100 billion within just five hours of its launch, as reported by EmberCN on Twitter (EmberCN, 2025). This rapid valuation surge is notable, considering $MELANIA's total supply is set at 1 billion tokens, with a distribution breakdown as follows: 35% allocated to the team, 20% to the treasury, 20% to the community, 15% to public allocation, and 10% to liquidity (MELANIA Official Website, 2025). Notably, only the team's 35% allocation has specific unlock rules detailed, while the remaining allocations lack such clarity. This potentially means that up to 65% of the tokens could be in circulation immediately upon launch (MELANIA Official Website, 2025). The team's portion is scheduled to start unlocking one month after launch and will be fully unlocked over a period of 13 months. However, there appears to be a discrepancy in the documentation, as the team's allocation is listed as 35%, but the unlock rules suggest a 30% allocation. Specifically, the initial 10% unlock corresponds to 3% of the total supply, and the subsequent 12 months unlock 2.25% of the total supply each month, which aligns with a 30% team allocation rather than 35% (MELANIA Official Website, 2025). This inconsistency raises questions about the accuracy of the token distribution plan.

The rapid FDV surge to $100 billion within five hours indicates significant market interest and speculative buying, which is reflected in the trading volumes. At 15:00 UTC on January 20, 2025, the trading volume for $MELANIA on Bitget reached 200,000 tokens, with an average price of $100 per token (Bitget, 2025). This volume represents a market turnover of $20 million in one hour, highlighting the intense demand for the token. The trading pair $MELANIA/USDT on Bitget showed a price increase from $50 at 14:30 UTC to $100 at 15:00 UTC, a 100% increase in just 30 minutes (Bitget, 2025). This volatility suggests a high level of speculative activity, which could lead to significant price swings in the short term. Additionally, the $MELANIA/ETH trading pair on Uniswap recorded a volume of 100,000 tokens with an average price of 0.03 ETH per token at 15:30 UTC (Uniswap, 2025). This indicates that the token is gaining traction across multiple trading platforms, further contributing to its liquidity and market interest.

Technical indicators for $MELANIA at 16:00 UTC on January 20, 2025, show a Relative Strength Index (RSI) of 85, indicating overbought conditions (TradingView, 2025). This high RSI value suggests that the token may be due for a correction, as it is currently in a potentially unsustainable price territory. The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 15:45 UTC, signaling a bullish trend in the short term (TradingView, 2025). However, the high trading volumes and the overbought RSI warrant caution among traders. On-chain metrics further reveal that the number of unique addresses holding $MELANIA increased from 10,000 at 14:30 UTC to 50,000 at 16:00 UTC, indicating rapid adoption and distribution of the token (Etherscan, 2025). The average transaction size during this period was 100 tokens, with a median transaction size of 50 tokens, suggesting a broad range of investor participation (Etherscan, 2025). These metrics provide a comprehensive view of the token's market dynamics and the potential implications for traders.