Donald and Melania Trump’s meme tokens plummeted

Note: not investment advice!

After the inauguration of Donald Trump, cryptocurrencies associated with his name experienced a sharp drop in value. Thus, the meme coins Donald Trump Coin (TRUMP) and Melania Trump Coin (MELANIA) lost about 36% of their market capitalization.

According to Benzinga, a significant decline in the value of the coins occurred immediately after the inauguration, despite previous expectations of a positive impact of Trump’s policy on the cryptocurrency industry. A few days before, the coins had shown record growth, but after the event, they fell due to active selling by investors.

Experts attribute this to the disappointment of a part of the market that was expecting more concrete actions from Trump in support of cryptocurrencies. In particular, there were earlier statements about the creation of a national crypto reserve and the introduction of encouraged regulatory initiatives. However, no clear details have yet been made public.

Against the backdrop of these events, the market capitalization of TRUMP and MELANIA digital tokens remains vulnerable, although some analysts believe that the president’s long-term support for cryptocurrencies may return them to popularity. Traders warn about the possible volatility of these assets in the coming days.

No Worries strongly advises readers not to invest in dubious cryptocurrency projects and little-known digital assets!