On January 21, 2025, the cryptocurrencies $TRUMP and $MELANIA suffered a drastic fall after the inauguration of Donald Trump as the 47th President of the United States. This situation highlights the risks associated with memecoins and intrigues analysts. Is this a revolt of the crypto market following Trump's forgetfulness during his inauguration?
Trump memecoins are collapsing!
On Saturday January 18, 2025, Donald Trump released 200 million tokens of his own crypto into circulation, causing a frenzy among investors. The price of memecoin reached $75 before falling following the launch of Melania Trump's coin the next day. Except that the craze for these memecoins bearing the image of the Trump couple was short-lived.
Because, the day after Donald Trump's inauguration, the $Trump crypto lost 30% of its value, trading at $38 on January 21, while that of Melania Trump ($Melania) fell by 60%, s 'exchanging at 5 dollars. The capitalizations of these cryptos have also plummeted, falling to less than $8 billion for that of the current president of the United States and to $900 million for his first lady. However, these launches could inspire other celebrities to do so, as Ryan Lee, chief analyst at Bitget, believes:
The launch also attracted new investors to the space, many of whom entered through the Moonshot platform, reflecting its broad appeal. This event marks a new chapter for memecoins, as the participation of a celebrity like Trump could inspire others to issue their own tokens, which would help diversify the crypto meme market.
A reaction from the crypto market?
The fall of memecoins $TRUMP And $MELANIA increased after Donald Trump did not mention cryptocurrencies in his inauguration speech. Analysts believe this omission caused a negative reaction from the crypto market, with investors interpreting the silence as a lack of support for digital assets.
As a result, the value of $TRUMP continued to decline, while $MELANIA also suffered a sharp correction. This situation therefore highlights the sensitivity of memecoins to public statements and market perceptions, making these assets particularly volatile and unpredictable.
The fall of $TRUMP and $MELANIA memecoins after Donald Trump's inauguration highlights the extreme volatility of these assets. The speeches of public figures strongly influence investor confidence in the crypto field. Trump's next statements will therefore be carefully scrutinized by investors, because they could significantly influence the value of these digital assets.
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