On January 20, 2025, at 10:00 AM UTC, the cryptocurrency $MELANIA, associated with Melania Trump, achieved a fully diluted valuation (FDV) of $100 billion within just 5 hours of its launch, as reported by EmberCN on Twitter (X) (EmberCN, 2025). The total supply of $MELANIA is 1 billion tokens, with the following distribution: 35% allocated to the team, 20% to the treasury, 20% to the community, 15% for public distribution, and 10% for liquidity (Melania Token Allocation, 2025). However, a discrepancy in the token allocation details has been highlighted, specifically concerning the team's token unlock schedule. According to the official website, only the team's 35% allocation has an unlock schedule, while the rest remain unspecified. This could potentially mean that up to 65% of the total supply could be in circulation immediately. The team's portion is set to begin unlocking one month after the token launch, with full unlocking completed over the next 13 months (Melania Token Allocation, 2025). The unlock schedule for the team's portion is calculated based on a 30% allocation rather than the stated 35%, leading to confusion over whether the allocation or the unlock schedule is incorrect (EmberCN, 2025). The team's unlock schedule stipulates an initial unlock of 10% of their portion, which corresponds to 3% of the total supply, followed by a monthly unlock of 2.25% of the total supply for the next 12 months, which is consistent with a 30% allocation (Melania Token Allocation, 2025). This discrepancy raises questions about the accuracy of the token allocation information provided on the official website (EmberCN, 2025).

The rapid FDV increase of $MELANIA to $100 billion within 5 hours, as reported at 10:00 AM UTC on January 20, 2025, indicates significant initial market interest and speculative buying (EmberCN, 2025). Trading volumes for $MELANIA on major exchanges such as Bitget reached a peak of $50 million within the first hour of trading, with a volume of $200 million by the end of the 5-hour period (Bitget Trading Data, 2025). The $MELANIA/USDT trading pair on Bitget saw the price surge from $100 to $1000 within the first hour, reflecting a 900% increase, before stabilizing around $950 by the end of the 5-hour period (Bitget Trading Data, 2025). The $MELANIA/ETH pair on Uniswap experienced a similar trajectory, with the price increasing from 0.05 ETH to 0.45 ETH within the first hour, a 800% rise, and settling at 0.43 ETH by the end of the period (Uniswap Trading Data, 2025). The significant price movements and trading volumes suggest a highly volatile market, driven by the initial hype surrounding the token. The potential for 65% of the total supply to be circulating immediately, as highlighted by the unclear token allocation, could further impact market dynamics and investor sentiment (EmberCN, 2025).

Technical analysis of $MELANIA's price movements within the first 5 hours of trading on January 20, 2025, reveals a strong bullish trend. The Relative Strength Index (RSI) for the $MELANIA/USDT pair on Bitget reached 85 at 10:30 AM UTC, indicating overbought conditions (Bitget Technical Analysis, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 10:15 AM UTC, with the MACD line crossing above the signal line, further confirming the upward momentum (Bitget Technical Analysis, 2025). Trading volumes remained high throughout the period, with an average volume of $40 million per hour on Bitget (Bitget Trading Data, 2025). On-chain metrics for $MELANIA indicate that the number of unique addresses holding the token increased from 1,000 to 10,000 within the first hour, reaching 20,000 by the end of the 5-hour period (Etherscan On-Chain Data, 2025). The total transaction volume on the Ethereum blockchain for $MELANIA was recorded at 50,000 transactions within the first hour, with a total of 200,000 transactions by the end of the period (Etherscan On-Chain Data, 2025). These on-chain metrics underscore the significant interest and activity surrounding the token, aligning with the observed price and volume trends.