Following President Donald Trump’s inauguration on January 20, 2025, the cryptocurrency landscape has undergone notable changes:

Launch of $TRUMP and $MELANIA Memecoins it

In the days leading up to his inauguration, President Trump introduced a memecoin named $TRUMP. This digital token quickly gained traction, reaching a market capitalization of approximately $72 billion within the first 48 hours, before experiencing a decline of over 80%. Similarly, First Lady Melania Trump launched her own cryptocurrency, $MELANIA, which achieved a valuation of around $1.5 billion. These tokens, based on the Solana blockchain, have sparked both enthusiasm and concern within the crypto community regarding market volatility and the credibility of such assets.

Bitcoin’s Market Response

Anticipation of a crypto-friendly administration led to Bitcoin surging to a record high above $109,000 ahead of President Trump’s inauguration. However, the price retracted by approximately 5% after the President’s inaugural address, which notably omitted any mention of cryptocurrency. This omission tempered market expectations of immediate supportive policies for digital assets.

Regulatory Developments

President Trump appointed Caroline Pham as the acting chair of the U.S. Commodity Futures Trading Commission (CFTC). Pham, a Republican and former Citigroup executive, has been a CFTC commissioner since 2022, advocating for clearer cryptocurrency regulations and supporting market liquidity. Her appointment suggests a potential shift towards a more defined regulatory framework for cryptocurrencies in the United States.

Market Dynamics

The introduction of the $TRUMP and $MELANIA tokens has contributed to increased speculation and volatility in the cryptocurrency market. While some view these developments as a positive step towards innovation and broader acceptance of digital assets, others express concerns about the potential risks and the need for responsible and transparent market practices.

Current Cryptocurrency Prices

Bitcoin (BTC): $101,989.00 (-0.06594%)
High: $109,189.00 | Low: $100,145.00

MAGA (TRUMP): $0.909103 (-0.50592%)
High: $1.86 | Low: $0.904572

Melania Meme (MELANIA): $4.16 (-0.64626%)
High: $12.62 | Low: $3.39