TLDR:
- TRUMP’s volume surged drastically, but the price remains stagnant due to a lack of institutional buyers.
- “Smart Money” wallets have avoided acquiring TRUMP in the last 30 days, preferring to reduce their exposure.
- MELANIA is experiencing a 28% year-to-date rally driven by the upcoming premiere of a documentary on Amazon MGM Studios.
Political-themed tokens (PoliFi) have taken center stage during the second week of January 2026. Data from Nansen indicates that the Trump token experienced a massive spike in its daily volume, reaching peaks of up to $147 million.
However, this surge in activity failed to sustain the price, which is hovering around $5.34—far from its all-time high of $75.
Currently, Trump holders are concerned about “Smart Money“ behavior. Recent data shows that in the last month, not a single expert investor wallet has purchased the asset.
On the contrary, metrics show a net capital outflow from whale wallets and a steady stream of tokens moving toward exchanges, suggesting that large investors are taking advantage of any bounce to liquidate their positions.
Capital Rotation into the MELANIA Token and External Factors
While TRUMP struggles against selling pressure, another of the most followed political-themed tokens, MELANIA, is attracting speculative attention. So far in 2026, the Solana-based asset has risen 28%, trading near $0.150.
This renewed interest coincides with Amazon MGM Studios’ announcement regarding the release of a biographical documentary titled “Melania” later this month.
Coinglass data reinforces this bullish sentiment for the former First Lady’s token, with a long-to-short ratio that more than doubles.
However, much like other political-themed tokens, MELANIA remains 99% below its all-time high, reminding investors of the extreme volatility and inherent risk of these narrative-driven assets.
In summary, the crypto ecosystem is witnessing a capital rotation where smart money seeks refuge or new viral narratives, moving away from projects showing signs of mass distribution by their founders or original large holders.
