Trump’s $TRUMP and $MELANIA Coins Cause Chaos in Crypto Markets Ahead of Inauguration

If the cryptocurrency market thrives on chaos, Donald Trump has just raised the bar. Days before his second inauguration as President of the United States, Trump – or his team – launched the $TRUMP memecoin on the Solana blockchain, sparking a frenzy that sent shockwaves through the crypto world.

The announcement, posted from Trump’s official X account, came with all the fanfare one would expect. Billed as the "only Official Trump Meme," the coin doesn’t have any utility – it’s simply named TRUMP – yet that didn’t stop it from creating unprecedented market volatility.

$TRUMP Coin: From Zero to $83 Billion in Hours

Memecoins are no stranger to wild fluctuations, but $TRUMP’s debut set new records. Within hours, the coin's price skyrocketed from virtually zero to $83 per token, giving it a fully diluted valuation (FDV) of $83 billion. While memecoins like Dogecoin and Shiba Inu once dominated the space, $TRUMP seemed to embody an entirely new level of speculative mania.

The surge in demand for $TRUMP drained liquidity from the broader cryptocurrency market. Bitcoin briefly spiked to an all-time high of $109,000 as traders fled to safer assets, but countless altcoins saw their values plummet. As of now, $TRUMP is trading at approximately $58, with an FDV of $58 billion – still a colossal figure for a coin with no real-world use case.

My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC

— Donald J. Trump (@realDonaldTrump) January 18, 2025

Enter $MELANIA: The Follow-Up That Fueled More Chaos

As if $TRUMP’s market-shaking debut wasn’t enough, Trump’s team followed it up with the launch of the $MELANIA memecoin during a victory rally on Sunday. Like its predecessor, $MELANIA doesn’t offer much beyond a name and branding tied to the former First Lady, but that didn’t stop it from igniting another wave of speculative buying.

The coin debuted at just a few cents but quickly surged to $11.26, giving it an FDV of $11.5 billion. The launch of $MELANIA drained liquidity further, even pulling funds away from $TRUMP as traders scrambled to jump into the new coin.

The Official Melania Meme is live!

You can buy $MELANIA now. https://t.co/8FXvlMBhVf

FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6

— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025

A Pattern of Crypto Speculation?

This isn’t Trump’s first foray into the world of cryptocurrencies. He has previously endorsed various crypto projects, though none with the impact of $TRUMP and $MELANIA. Critics argue that these launches capitalize on attention and create pump-and-dump schemes, echoing previous disasters like the HAWK coin debacle.

Still, the timing of these launches – just ahead of Trump’s inauguration – raises questions about their purpose. Are they clever marketing tools, or do they signal a deeper connection between the Trump brand and the rapidly growing world of blockchain technology?

The Market’s Future Amid Inauguration Week

With Trump’s inauguration set for Monday, Jan. 20, the crypto market is bracing for even more turbulence. Traders, supporters, and skeptics alike are keeping a close eye on $TRUMP and $MELANIA as they continue to dominate headlines and disrupt markets.

The sudden rise of these coins has fueled debates about the ethics and risks of speculative trading in the crypto space. Whether $TRUMP and $MELANIA will become lasting symbols of Trump’s legacy or fade into obscurity remains to be seen.

One thing is certain: in true Trump fashion, these coins have made an indelible mark on the cryptocurrency landscape – and the chaos may just be getting started.

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What’s your take on the rise of $TRUMP and $MELANIA coins? Are they bold innovations or reckless speculation? Share your thoughts in the comments below!