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,

Donald and Melania Trump launched new cryptocurrencies over the weekend. Some experts are advising investors to be cautious.

Last weekend, the leader of the free world decided he wanted to take his “grifting” a tad too far by launching a meme coin. It was an action so absurd yet very fitting of Donald Trump, the man who calls himself ‘crypto president.

The soon-to-be First Lady introduced $MELANIA on Sunday, after which her husband's meme coin saw a significant price drop.

Data shows TRUMP amassed over $19 billion in volumes over a 24-hour period, while MELANIA saw $4.5 billion exchange hands.

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

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.

Bitcoin hit a new all-time high overnight as investors prepare for the crypto-friendly Trump administration to take office.

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

"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.

Bitcoin and other cryptocurrencies recoiled after Trump's first set of policies following inauguration did not refer to this asset class.