{"id":8788,"date":"2025-01-21T07:32:05","date_gmt":"2025-01-21T07:32:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8788"},"modified":"2025-01-21T07:32:05","modified_gmt":"2025-01-21T07:32:05","slug":"trump-melania-tokens-plunge-50-as-trump-inauguration-fails-to-bouy-bitcoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8788","title":{"rendered":"TRUMP, MELANIA Tokens Plunge 50% as Trump Inauguration Fails to Bouy Bitcoin"},"content":{"rendered":"
\n

A short-lived Trump family token frenzy has left hopeful investors with steep losses.<\/p>\n

Official memecoins of U.S. President Donald Trump and First Lady Melania are down as much as 60% in the past 24 hours amid heavy profit-taking after Monday\u2019s inauguration. Futures tracking the two tokens have fared similarly bad for traders \u2014 with liquidation losses at nearly $70 million<\/a> for those betting on higher prices.<\/p>\n

These are not thinly-traded tokens where prices are easy to shift, either. Data shows TRUMP amassed<\/a> over $19 billion in volumes over a 24-hour period, while MELANIA saw $4.5 billion exchange hands.<\/p>\n

Major tokens, such as Tron’s TRX and Cardano\u2019s ADA did under $4 billion in volumes in the same period, indicative of the high interest in the Trump family-themed tokens.<\/p>\n

Overall buying volumes are stalling in line with prices on trading application Moonshot, which was among the first to offer TRUMP to retail traders. A Dune dashboard<\/a> created by @Seoulcalibur.eth shows volumes have dropped from an average above $6 million on Jan.18 to Jan.19, to just over $1 million in the past 24 hours.<\/p>\n

\"\"<\/p>\n

Crypto markets expected Trump to mention the asset class in his inaugural speech \u2014 such as plans of a promised strategic bitcoin reserve \u2014 but the lack of relevant words saw BTC fall from a Monday high above $109,000 to just over $101,000 in Asian morning hours Monday.<\/p>\n

Traders remain optimistic about a pro-crypto policy in the near term, however, with a focus on Solana\u2019s SOL tokens.<\/p>\n

\u201cLaunching $TRUMP on SOL proves to be a significant endorsement of the chain, making it plausible that the SOL ETF could gain approval much earlier than expected,\u201d Singapore-based QCP Capital said in a Tuesday broadcast. \u201cWith increased media exposure from similar launches, retail inflows will likely come streaming in.\u201d<\/p>\n

\u201cThe launch of Trump’s memecoin appeals not only to the retail memecoin moonshot masses, but also to major institutions as it solidifies the president’s pro-crypto stance. Institutional investors are on the edge of their seats, awaiting concrete pro-crypto policies that could significantly influence the future of the economy,\u201d the firm added.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A short-lived Trump family token frenzy has left hopeful investors with steep losses. Official memecoins of U.S. President Donald Trump and First Lady Melania are down as much as 60% in the past 24 hours amid heavy profit-taking after Monday\u2019s inauguration. Futures tracking the two tokens have fared similarly bad for traders \u2014 with liquidation […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8788","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8788"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8788\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}