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This weekend, trading volumes surged to nearly $400 billion, reigniting interest in cryptocurrencies. While prices have been rising rapidly around BTC and some altcoins, reaching such significant trading volumes across the crypto market bodes well for all cryptocurrencies. The implications of this trend will unfold over time, leading many to question why today is historically significant.
Trump’s Inauguration and Market Movements
Since November, today has been crucial for cryptocurrency traders. Trading volumes nearing $400 billion and soaring search volumes for cryptocurrencies echo the excitement of 2021. The influx of new investors signals the start of one of the most thrilling phases of the market cycle.
As Trump officially takes office today, we anticipate numerous executive orders, some of which will directly impact cryptocurrencies. His supportive measures could further boost the appetite of U.S.-based investors for digital assets.
Trump’s Meme Coins Surge
Trump has officially launched his own meme coin, further fueled by his wife’s similar venture, resulting in a significant increase in trading volumes. We are witnessing a transformation where a President, seemingly mocking the SEC, introduces his token.
The meme coins launched by President Donald Trump and First Lady Melania have quickly climbed into the top 50 cryptocurrencies. Notably, TRUMP Coin even surpassed Shiba, the second-largest meme coin by market capitalization, for a time, significantly increasing activity on Solana 
$170‘s network.
The combined fully diluted valuation (FDV) of MELANIA and TRUMP Coins has exceeded $71 billion. With the WLFI project, the Trump family’s official crypto ventures have reached three, suggesting a sustained supportive stance towards cryptocurrencies. Additionally, the unlocking of TRUMP Coin is scheduled to occur over 36 months, requiring Trump to fulfill his promises before the end of his term.
