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

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,

I believe the launch of TRUMP and MELANIA meme coins isn't an indictment of the crypto space but a fun way to show political support. Read my analysis.

Billions have already been wiped from the value of the latest cryptocurrencies, with experts warning of more volatility

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.

Bitcoin, however, is a fundamentally different, hard asset. While the mania surrounding crypto often spills over into Bitcoin’s price movements, Bitcoin itself remains largely unaffected in the long term. It continues to progress steadily, and I believe we’ll see a full recovery soon.

Most of the major cryptocurrencies are in the green Friday morning, including Bitcoin and Dogecoin, but Trump's Solana token sits in the red.

"We write with deep concern about the decision by President Trump and First Lady Melania Trump to launch two meme coins, $TRUMP and $MELANIA, that allow them to earn extraordinary

Melania Trump launched her official token Sunday after Donald Trump launched $TRUMP late on Friday. Melania Meme Official Website / Screenshot First lady Melania Trump's meme coin plummeted to an all-time low after a major investor sold off $MELANIA tokens and reaped $42.