The newly launched $trump and U.S. first lady Melania Trump's $melania memecoins have each plummeted as traders cash
Key Takeaways Trump signed an executive order on digital assets, seeking recommendations on regulations and possibly setting up a digital stockpile.The SEC has already become more friendly to the crypto industry by rescinding SAB 121,
Data shows TRUMP amassed over $19 billion in volumes over a 24-hour period, while MELANIA saw $4.5 billion exchange hands.
BTC has pulled back to $100K as Melania Trump launched her own memecoin, stalling the surge in the TRUMP token.
The soon-to-be First Lady introduced $MELANIA on Sunday, after which her husband's meme coin saw a significant price drop.
Within hours, TRUMP skyrocketed in value, climbing from pennies to over $50, with a market cap over $10 billion. The coin now ranks among the world’s top 20 digital assets, attracting both investors and critics. Trump’s business arm holds 80% of the tokens, set to release gradually during his presidency.
Bitcoin hit a new all-time high overnight as investors prepare for the crypto-friendly Trump administration to take office.
Crypto enthusiasts' faith is tested as an executive order, a bitcoin sell-off and the introduction of meme coins by the president and first lady mark the first 10 days of his second term.
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.
As they nibbled miniature lobster rolls and sipped mezcal cocktails, the well-heeled guests toasted the coming reign of Donald Trump.
In addition to these Trump-branded stores, the crypto-native travel bookings platform Travala has also integrated TRUMP token payments, alongside over 60 other cryptocurrencies. Travala announced that customers can now use TRUMP to book hotels, flights, and activities worldwide. This move aims to attract a new wave of cryptocurrency adopters.