Cryptocurrency prices displayed mixed reactions today. Bitcoin (BTC) 
$108,230 pulled back from its previously reached level of $106,000, stabilizing around $101,000. Former U.S. President Donald Trump caught attention by officially launching his presidential campaign today, coinciding with the introduction of “TRUMP Coin.” In the last 24 hours, TRUMP Coin surged by 55%, while Melania Trump also introduced her own meme coin (MELANIA), which skyrocketed by 2000% following its launch.
Fluctuations in the General Crypto Market
Despite these developments, the total value of the global cryptocurrency market has decreased by approximately 4%, remaining at about $3.48 trillion. Trading volume, however, saw a 74% increase, reaching $336 billion.
Bitcoin and Other Major Cryptocurrencies
Bitcoin (BTC) saw a 2.6% decline, trading at $101,000, while Ethereum (ETH) 
$3,362 dropped by 3%. XRP experienced a 4% reduction, and Solana 
$259 (SOL) faced the largest losses with a 7% decrease.
Launches of Trump and Melania’s Meme Coins
On the day of his presidential campaign launch, Donald Trump piqued investor interest with “TRUMP Coin,” which increased by 55% in the last 24 hours. Melania Trump also unveiled her meme coin (MELANIA) today, which gained 2000% shortly after its introduction.
Charles Hoskinson, co-founder of Cardano 
$1, highlighted that 78.5% of Donald Trump’s net worth, estimated at $29.6 billion, is connected to cryptocurrencies.
Performance of Other Cryptocurrencies
Significant activity was noted in the XRP market, where a whale transferred $95 million worth of tokens. Dogecoin 
$0.377344 (DOGE) and Shiba Inu (SHIB) experienced losses of 10% and 9%, respectively. Other meme coins like PEPE, BONK, and WIF saw declines ranging from 15% to 18%.
Solana (SOL) ranked among the most affected cryptocurrencies, with a 7% drop, while market volatility continues. The decline of Bitcoin from $106K to $101K indicates a consolidation phase on hourly charts.
Fluctuations in the crypto market, paired with Trump and Melania’s meme coin launches, continue to captivate investor attention. Despite the overall market downturn, sudden surges in meme coins and increasing trade volumes signify the formation of significant trends in the cryptocurrency world. Monitoring future market movements will be crucial for investors.
