Data shows TRUMP amassed over $19 billion in volumes over a 24-hour period, while MELANIA saw $4.5 billion exchange hands.

"God candle," Samson Mow, a bitcoin developer who leads the Jan3 bitcoin wallet company, posted to X and referring to a sudden spike in the bitcoin price that creates a "candle" on a trading chart as the bitcoin price suddenly soared, hitting $109,400 on the Coinbase bitcoin and crypto exchange.

BTC has pulled back to $100K as Melania Trump launched her own memecoin, stalling the surge in the TRUMP token.

Bitcoin hit a record $109,241 as the US readies for pro-crypto President-elect Donald Trump’s inauguration. The cryptocurrency surged 5.5% amid excitement over Trump’s meme coins, despite a subsequent market decline.

Bitcoin, other cryptocurrencies and even the newly minted token bearing Donald Trump's name cooled on Tuesday, after the U.S. president's first set of policies following his inauguration made no reference to the asset class.

But as his presidency approached, he also offered more specific support to the cryptocurrency market. After the launch of his own $TRUMP coin, his wife launched her own $MELANIA competitor – the combination of which led to volatility in the cryptocurrency market.

Bitcoin and other cryptocurrencies and even the newly minted token bearing Donald Trump's name recoiled on Tuesday, after the U.S. president's first set of policies following inauguration made no reference to this asset class.

Skybridge founder and former Trump insider Anthony Scaramucci says new meme coins from President Trump and First Lady Melania Trump are super high risk.

Two days after Donald Trump launched a memecoin that soared to $6.5 billion overnight, Melania Trump announced her own memecoin, adding to concerns the pro-crypto president is crossing ethical boundaries in an industry his administration will regulate.

Melania Coin, launched on January 20, 2025, surged initially to a market cap of $2 billion but has since plummeted over 70%, falling to $4.03. Similarly, Trump Coin, launched on January 17, has dropped by 43%,