Donald Trump 2025 Inauguration Day: Just as the oath ceremony of the US' 47th President commences on Monday, January 20, 2025, Donald Trump's memecoin which was rocking the crypto market for past few days, crashed sharply right after a memecoin named as Melania Trump was introduced to the cryptocurrency market. Melania Trump's memecoin is currently outperforming her husband's popular memecoin. Both are trending in the market.
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Melania Trump is going to be the first lady of the White House, following her husband's second win as US President for the 2025-2028 tenure. In a sensational performance, the cryptocurrency market witnessed bumper buying, but what caught the attention was a new meme coin that was circulated for trading under the name Melania Trump.
As per CoinMarketCap data, Melania's memecoin jumped to hit an all-time high of $13.73 per piece on January 20, before correcting. Just as the inauguration ceremony continues, at the time of writing, Melania's memecoin surged by 8.2% to $7.9 per piece. The market cap has reached above $1.5 billion in an eye-bulging volume surge of worth $5.96 billion. Melania's memecoin is the second most trending cryptocurrency on Monday, after the world's largest digital coin, Bitcoin.
Melania memes are digital collectibles intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA. and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type, as per CoinMarketCap.
Donald Trump Memecoin:
However, from its all-time low of $6.24 apiece that was touched on January 18, 2025, Trump's memecoin is up by 688%. It needs to be noted that ahead of Trump's inauguration day, the memecoin touched an all-time high of $687.67 apiece on January 19, 2025.
Trump's memecoin is currently 5th most trending crypto on January 20th, behind Melania's but for selling pressure. The memecoin is ranked as 19th biggest cryptocurrency. You know what is even more surprising is that Melania's memecoin is even outperforming Elon Musk's memecoin who is currently one of the biggest sponsors of Trump's administration. Musk has been a crypto lover for many years now!
Elon Musk's Memecoin:
A memecoin named as ELON/SOL whose price is down by 64.22% to $0.02903 apiece. The market cap is at $25.08 million. As per CoinMarketCap, the ELON/SOL price is down by 64.22% in the last 24 hours. The highest price achieved was 0.06059 USD and the lowest was 0.01981 USD.This DEX pair has a 24-hour trading volume of 115.16M USD. There were 111,592 buy and 95,287 sell transactions in the last 24 hours. Between these transactions, there was a total volume of 58.3M USD that bought and 56.46M USD that sold.
It is the most trending DEX currently. Also, Musk's backed DogeCoin which is the seventh largest cryptocurrency in the market with $55.18 billion, is currently down by $0.3737 a piece which is down by 3.50%. The coin is down by 49.4% from its all-time high levels of $0.7376 apiece which was hit on May 8, 2021. On CoinMarketCap it is updated that Elon Musk hints at Dogecoin's potential public sector integration, elevating its status from meme currency to institutional tool. In the last 24 hours, Dogecoin's price moved -4.52% to $0.38 and trading volume moved -29.16% to $5.75 billion.