TRUMP and $MELANIA on the Solana blockchain, sent shockwaves through the cryptocurrency market. We see how major coins such as Bitcoin and Ethereum were impacted.

A new meme coin launched by President-elect Donald Trump on Friday has hit a market capitalization of $13 billion, marking Trump’s latest venture into cryptocurrency and merchandise sales in the lead-up to his inauguration.

The launch impacted related tokens such as her husband and incoming President Donald Trump’s meme coin $TRUMP which dropped by 48 per cent.

The launch of $TRUMP has raised concerns about the ethics of using political influence to promote a personal financial venture.

"The Trump meme coin stuff is bad for the industry. Don't delude yourself," Anthony Scaramucci wrote on Saturday.

President-elect Donald Trump launched a memecoin on Friday that quickly topped a $10 billion market cap after nearly just an hour. A tweet from his Truth Social account and his verified X account announced $TRUMP just before 10 PM EST.

President-elect Donald Trump announced what appears to be an official Solana meme coin called TRUMP on his Truth Social account.