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

After skyrocketing over the weekend, the the TRUMP and MELANIA meme coins came crashing a day after President Donald Trump took office.

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.

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

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

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.

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.

But as his presidency approached, he also offered more specific support to the cryptocurrency market. After the launch of his own $TRUMP coin, his wife launched her own $MELANIA competitor – the combination of which led to volatility in the cryptocurrency market.