Tue Jan 21 10:38:12 UTC 2025: ## Trump’s Meme Coins Hit $9.5 Billion Market Cap on Inauguration Day
**Washington, D.C. –** President Donald Trump’s inauguration day saw the debut of his and First Lady Melania Trump’s namesake meme coins, $Trump and $Melania, achieving a combined market capitalization of $9.5 billion. The coins, launched over the weekend, have generated significant buzz, soaring in value despite warnings of extreme volatility.
The $Trump coin, featuring an image of the president with a raised fist and the words “FIGHT FIGHT FIGHT,” reached a peak value of nearly $75 before settling around $40 on Monday, still representing a 400% increase from its initial price. The $Melania coin, showcasing a black-and-white photo of the First Lady, experienced a more volatile launch, dropping over 20% to approximately $5.40.
Both coins are explicitly described as expressions of support, not investment opportunities, and are available for purchase on the Moonshot app using various payment methods, including Apple Pay and cryptocurrency. However, experts caution against investing in meme coins due to their inherent volatility and lack of underlying economic value.
Nigel Green, CEO of deVere Group, advises caution, citing the potential for substantial losses. Joe McCann, CEO of Asymmetric, a digital assets investment firm, notes that traditional financial models are inapplicable to meme coins, which are primarily driven by internet culture and community engagement.
The launch coincides with President Trump’s stated aim to make the U.S. the global cryptocurrency capital, a goal further reinforced by his nomination of cryptocurrency supporter Paul Atkins to head the Securities and Exchange Commission. This, along with anticipation of pro-crypto regulation under the Trump administration, has fueled a broader surge in cryptocurrency values, with Bitcoin exceeding $109,000. While the Trump coins reflect the president’s continued efforts to monetize his brand, investors are urged to proceed with extreme caution.
First Piper 