Melania Rises, Official Trump Falls: Experts Say Meme Coins Signal ‘Paradigm Shift’ And Potential Blow To TradFi

As Donald Trump takes office as U.S. president on Monday, his meme coin (CRYPTO: TRUMP) plummeted in value, while Melania Trump‘s (CRYPTO: MELANIA) surged by nearly 40% within 24 hours, igniting discussions about the growing power of crypto, and the potential for wider adoption.

What Happened: According to data from CoinGecko, MELANIA experienced a dramatic increase in value, surging nearly 40% within 24 hours.

The token’s price peaked at just over $13, before settling around $8.74 at last check on Monday. MELANIA also saw a massive leap in 24-hour trading volume, jumping from $1.33 billion on Jan. 19 to $7.6 billion on Jan. 20.

With these gains, the market capitalization reached $1.54 billion, placing it among the top 100 crypto assets.

In contrast, the Official Trump meme coin saw a decline in value. …

Full story available on Benzinga.com