TRUMP, MELANIA Tokens Drop 50% As Trump Inauguration Fails To Buy Bitcoin

The Trump family’s short-lived tumult caused hopeful investors to take big losses.

US President Donald Trump and First Lady Melania’s official memecoins have fallen 60% in the past 24 hours amid huge gains following Monday’s inauguration. Futures tracking the two labels fared similarly badly for traders – with liquidation losses About 70 million dollars for those who bet at a higher price.

These are not thinly traded tokens where prices can easily be flipped. The data shows TRUMP gathered Over $19 billion in volume in 24 hours, and MELANIA saw $4.5 billion exchange hands.

Major tokens such as Tron’s TRX and Cardano’s ADA haven’t topped $4 billion in the same period, indicating high interest in Trump’s family-themed tokens.

The total purchase volume is suspended according to the pricing of the Moonshot trading app, which was the first to offer TRUMP to retail traders. A Dune dashboard Volume generated by @Seoulcalibur.eth shows a drop from an average of $6M on Jan 18th to just over $1M in the last 24 hours on Jan 19th.

Crypto markets had been waiting for Trump to mention the asset class in his inauguration speech, such as the promised strategic bitcoin reserve plans, but the lack of relevant words sent BTC slightly above $101,000 in early Asian hours after trading above $109,000 on Monday.

Focusing on Solana’s SOL tokens, traders are optimistic about pro-crypto policies in the near future.

“The launch of $TRUMP on SOL is a significant confirmation from the chain that the SOL ETF may gain approval much earlier than expected,” Singapore-based QCP Capital said in a Tuesday broadcast. “With increased media exposure from such a launch, there is likely to be an influx of retail traffic.”

“The launch of Trump’s memecoin will appeal not only to the moonstruck mass of retail memecoins, but also to major institutions, as it reinforces the president’s crypto position. Institutional investors are on the edge of their seats, waiting for specific crypto policies that will have a significant impact on the future of the economy,” the firm added.