Luana Aquino
@luana32
The Trump family's venture into meme coins caused turbulence in the crypto market. Melania Meme (MELANIA) and Official Trump (TRUMP) coins saw significant drops in value after their launch. Melania Meme plummeted by 60%, settling at a $625.5 million market cap, while TRUMP fell by 43%. MELANIA started strong but later fell to $4.18 from its peak of $13.05. Concerns arose about its speculative nature despite being labeled as a collectible. Issues on the Solana network and liquidity diversions worsened the situation. World Liberty Financial (WLF), tied to the Trump family, bought around 439 Wrapped Bitcoin (wBTC) worth $47 million during the inauguration. Industry experts warn against prioritizing hype over substance in the crypto space. President Trump's second-term inauguration failed to meet expectations for crypto-friendly policies, disappointing those hoping for regulatory clarity and support for digital assets.
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