Key Takeaways The official TRUMP and MELANIA meme coins saw massive price declines over the past couple of days, as Donald Trump was inaugurated as the 47th President of the United States.Bitcoin, on the other hand,
Donald and Melania Trump launched new cryptocurrencies over the weekend. Some experts are advising investors to be cautious.
Within hours, TRUMP skyrocketed in value, climbing from pennies to over $50, with a market cap over $10 billion. The coin now ranks among the world’s top 20 digital assets, attracting both investors and critics. Trump’s business arm holds 80% of the tokens, set to release gradually during his presidency.
"God candle," Samson Mow, a bitcoin developer who leads the Jan3 bitcoin wallet company, posted to X and referring to a sudden spike in the bitcoin price that creates a "candle" on a trading chart as the bitcoin price suddenly soared, hitting $109,400 on the Coinbase bitcoin and crypto exchange.
BTC has pulled back to $100K as Melania Trump launched her own memecoin, stalling the surge in the TRUMP token.
By associating himself so closely with meme coins, some crypto fans worry that Trump hurts his chances to help the wider crypto industry.
Bitcoin hit a record $109,241 as the US readies for pro-crypto President-elect Donald Trump’s inauguration. The cryptocurrency surged 5.5% amid excitement over Trump’s meme coins, despite a subsequent market decline.
But as his presidency approached, he also offered more specific support to the cryptocurrency market. After the launch of his own $TRUMP coin, his wife launched her own $MELANIA competitor – the combination of which led to volatility in the cryptocurrency market.
By associating himself so closely with meme coins, some crypto fans worry that Trump hurts his chances to help the wider crypto industry.
His new family tokens, which have soared in value, are courting legal and political trouble.
President Donald Trump’s recent venture into the cryptocurrency market has stirred controversy, as he and his wife launched their own meme coins. What