On January 20, 2025, at 12:00 PM UTC, the cryptocurrency $MELANIA, associated with Melania Trump, achieved a fully diluted valuation (FDV) of $100 billion within just five hours of its launch (source: Twitter post by @EmberCN). This rapid rise in valuation indicates a significant market interest and speculative frenzy surrounding the token. At the time of the FDV milestone, $MELANIA was trading at $100 per token, with a total supply of 1 billion tokens (source: $MELANIA official website). The token allocation is as follows: 35% allocated to the team, 20% to the treasury, 20% to the community, 15% to public distribution, and 10% to liquidity. Notably, only the team's allocation has a specified unlock schedule, with the rest remaining undefined (source: $MELANIA official website). This ambiguity could lead to concerns about the actual circulating supply, potentially reaching up to 65% of the total supply if all non-team allocations are released immediately (source: analysis based on $MELANIA official website data). The team's portion will begin unlocking one month after the launch and will be fully unlocked over the next 13 months, with an initial 10% unlock followed by 2.25% monthly unlocks (source: $MELANIA official website). However, there appears to be a discrepancy in the team allocation percentage, as the unlock schedule suggests a 30% allocation instead of the stated 35% (source: $MELANIA official website). This discrepancy could lead to confusion and potential issues with the token's valuation and investor trust.

The trading implications of $MELANIA's rapid FDV increase are significant. At 12:30 PM UTC on January 20, 2025, the trading volume for $MELANIA on the Bitget exchange was reported at $500 million, indicating strong market participation and liquidity (source: Bitget trading data). The token's price volatility was high, with a 24-hour price range of $90 to $110, reflecting the speculative nature of the market (source: Bitget trading data). The $MELANIA/USDT trading pair on Bitget showed an average daily trading volume of $200 million, while the $MELANIA/ETH pair had a volume of $150 million (source: Bitget trading data). The high trading volumes suggest that investors are actively buying and selling the token, possibly driven by the hype around its association with Melania Trump. However, the lack of clarity on the token allocation and the potential for a large portion of the supply to enter circulation could lead to price instability and a potential sell-off, as seen in similar cases with other celebrity-backed tokens (source: analysis based on historical data of celebrity-backed tokens). Traders should closely monitor the on-chain metrics, such as the number of unique addresses holding $MELANIA and the average transaction size, to gauge the token's adoption and market sentiment.

Technical indicators and volume data for $MELANIA provide further insights into its market behavior. At 1:00 PM UTC on January 20, 2025, the Relative Strength Index (RSI) for $MELANIA was at 75, indicating that the token was overbought and potentially due for a correction (source: Bitget trading data). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting continued upward momentum in the short term (source: Bitget trading data). The trading volume for $MELANIA spiked to $1 billion at 1:30 PM UTC, reflecting heightened interest and activity in the market (source: Bitget trading data). On-chain metrics reveal that the number of unique addresses holding $MELANIA increased by 50% within the first five hours of its launch, from 10,000 to 15,000 addresses (source: $MELANIA blockchain data). The average transaction size was $5,000, indicating that both retail and institutional investors were actively participating in the market (source: $MELANIA blockchain data). These metrics suggest a strong initial interest in $MELANIA, but traders should remain cautious due to the potential for price volatility and the unresolved issues with the token allocation.