The newly launched $trump and U.S. first lady Melania Trump's $melania memecoins have each plummeted as traders cash

After skyrocketing over the weekend, the the TRUMP and MELANIA meme coins came crashing a day after President Donald Trump took office.

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.

BTC has pulled back to $100K as Melania Trump launched her own memecoin, stalling the surge in the TRUMP token.

The price of bitcoin and other digital assets has soared since Trump won the US elections. A lavish "Crypto Ball" ahead of Trump's inauguration sold tickets for thousands of dollars. Now, the mood is souring.

Despite being critical of cryptocurrency in his first term, President Trump and his family have come full circle. He is now a champion of the decentralised currency, with crypto-enthusiasts betting he will help the industry once he is in power.

President Donald Trump’s goodwill in the cryptocurrency industry has taken a hit after he and his wife launched meme coins — a move critics say looks like an unseemly cash grab that undermines an effort to legitimize digital assets.

Digital currencies values surges amid expectation that new administration will support ‘crypto-friendly’ environment

Just three days after launching a Melania Trump memecoin, its value has plunged 73% from its top price. The first lady launched her Melania Meme (MELANIA) on Sunday a day after Donald Trump launched his own memecoin.

The meme coins recently launched by President Donald Trump and First Lady Melania Trump saw significant drops in value this week.