Following President Donald Trump's inauguration on January 20, 2025, the cryptocurrency market experienced notable fluctuations. The $TRUMP token, associated with the president, initially surged to $74.59 but then declined by over 20% within 24 hours, stabilizing around $38.



In addition to the $TRUMP token, First Lady Melania Trump introduced the $MELANIA coin, which also saw a significant drop, trading at approximately $2.60 after an 80% decrease from its peak.

These developments coincide with President Trump's executive order, "Strengthening American Leadership in Digital Financial Technology," which aims to protect banking services for crypto companies and establish a high-level working group to deliver regulatory recommendations by July.

While the administration's pro-crypto stance has been welcomed by many in the crypto community, the volatility of the $TRUMP and $MELANIA tokens highlights the speculative nature of such investments. Investors should remain cautious and stay informed about ongoing regulatory developments.
TRUMP-0,03%
S2,72%
TOKEN6,96%
OVER1,42%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)