Tue Jan 21 23:08:54 UTC 2025: ## Trump and Melania Meme Coins Crash After Inauguration Day Plunge

**WASHINGTON, D.C. – January 20, 2025** – The meme coins launched in honor of President Donald Trump and First Lady Melania Trump experienced a dramatic crash on Inauguration Day, losing significant value after a weekend surge. The official Trump token plummeted approximately 50% from its Saturday high, while the Melania coin shed roughly two-thirds of its Monday peak gains.

This downturn follows a similar, though less drastic, correction in Bitcoin, which reached a record high above $109,000 before the inauguration but remains above $100,000. The lack of any mention of cryptocurrencies or a potential bitcoin strategic reserve in President Trump’s initial executive orders is cited as a possible contributing factor to the market correction. Bitcoin’s recent rise had been fueled by speculation surrounding Trump’s perceived pro-crypto stance and the election of a crypto-friendly Congress.

Despite the absence of cryptocurrency policy from the President’s immediate agenda, prediction market Polymarket shows a 63% probability of a US bitcoin strategic reserve being established this year.

The timing of the meme coin launches has drawn criticism from within the crypto community. Nic Carter of Castle Island Ventures warned on X (formerly Twitter) that such coins could attract malicious foreign actors seeking to influence US leadership. Ryan Selkis of Messari echoed these concerns, publicly urging President Trump to dismiss advisors who approved the Melania coin launch.

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