The recent decline in Trump and Melania memecoins has resulted in significant losses for investors. The sharp downturn was triggered by Donald Trump’s failure to mention cryptocurrencies during his presidential address, leading to substantial drops in two altcoins.
Investors Encounter Severe Losses
Both TRUMP and Melania coins experienced a staggering value drop of up to 60% within 24 hours. This decline has left investors grappling with considerable financial setbacks. While the 24-hour trading volume for TRUMP coin exceeded $19 billion, Melania coin’s trading volume reached $4.5 billion. Despite these large trading volumes, the price drops were unavoidable.
When examining overall trading volumes in the cryptocurrency market, it becomes evident that TRUMP and Melania coins surpassed the volumes of Tron’s TRX and Cardano 
$0.996649’s ADA. However, excessive profit-taking and declining buy volumes triggered these price drops. Trading platforms like Moonshot saw significant reductions in activity. According to Dune Analytics, the trading volume for TRUMP coin fell from an average of $6 million between January 18 and 19 to just $1 million in the last 24 hours.
Crypto Market Hopes for Trump Administration’s Policies
The market had anticipated a strategic announcement regarding cryptocurrencies from Trump during his presidential speech. However, no such statement was made, causing Bitcoin 
$104,194‘s price to drop from $109,000 to $101,000.
Nevertheless, investors remain hopeful that the Trump administration will adopt crypto-friendly policies in the future. Indeed, Singapore-based QCP Capital expressed optimism, suggesting that the launch of TRUMP coin on Solana’s blockchain could provide significant support for Solana 
$240 and potentially accelerate approval for a spot Solana ETF.
Experts indicate that Trump’s memecoin initiative appeals to both individual and institutional investors. At the same time, institutional investors are closely monitoring forthcoming cryptocurrency policies.
