US President Donald Trump and his entourage have already made tens of billions of dollars in profits (at least on paper) from the official Trump (TRUMP) and Melania Meme (MELANIA) tokens launched on Solana in the last three days .

Now trading at $42, TRUMP has risen to a market cap of $8.8 billion, making it the 25th largest coin in the entire crypto ecosystem, just behind some CoinDesk 20 coins such as polkadot (DOT) and litecoin (LTC). (CoinDesk 20 is an index of the top 20 cryptocurrencies by market capitalization excluding memecoins, stablecoins and exchange coins).

MELANIA, on the other hand, has risen to a market capitalization of $945 million, placing it in 121st place among token projects.

On-chain data shows that the TRUMP wallet currently holds $35.5 billion of the token, plus $17.5 billion in other memecoins named after Trump family members, including Eric Trump and Kai Trump. The wallet marked as having launched the official Trump has $622 million in token and nearly $162 billion in other coins, including $147 billion another memecoin named after Vice President JD Vance. Unlike Trump, Vance did not indicate on social media that he was launching a memecoin.

The Trump team is keeping MELANIA in a different configuration. About 77% of the token’s supply is held in three different wallets, two of which have been tagged on Solscan as belonging to the Melania team, along with a fourth wallet that holds 3.7% of the supply. Assuming all four wallets belong to the MELANIA team, the Trump family currently holds $4.8 billion of this token.

Importantly, two of these wallets – branded Melania Treasury and Melania Liquidity on Solscan – which hold 33.7% of the MELANIA supply between the two of them, also each hold $295 billion of the VANCE token. In fact, 25% of the VANCE token supply is held between these two MELANIA wallets and the TRUMP launch wallet.

Counting only the official Trump and Melania Meme coins, the Trump team could have about $40.9 billion on the chain. But if we add all the other coins these wallets hold, that number jumps to approximately $810 billion.

And given that the MELANIA and TRUMP wallets own a huge amount of the VANCE token supply, it is likely that they are run by the same entity that launched VANCE in the first place. If so, it’s worth pointing out that the VANCE treasury currently holds nearly $1.5 trillion of the memecoin. For reference, the entire bitcoin (BTC) market cap is around $2 trillion. Entourage’s total holdings could be worth approximately $2.3 trillion, at least on paper.

Of course, that doesn’t mean the Trump team will be able to liquidate that much. That’s a lot of paper wealth. These wallets own a huge amount of each token’s supply, so if Trump’s team starts taking profits, selling pressure will likely crater the market. It cannot realize $35.5 billion in gains from a coin with a market cap of $8.8 billion, and the same issues apply to the MELANIA and VANCE tokens.

Also, the official Trump and Melania Meme projects have vesting plans – meaning holders cannot sell their tokens whenever they want. The Trump team will have to wait at least three months to start selling, and even then they will only be able to take profits slowly, a few coins at a time. The Melania Meme Project, meanwhile, will begin unlocking in less than 30 days.