After skyrocketing over the weekend, the the TRUMP and MELANIA meme coins came crashing a day after President Donald Trump took office.

The newly launched $trump and U.S. first lady Melania Trump's $melania memecoins have each plummeted as traders cash

Last weekend, the leader of the free world decided he wanted to take his “grifting” a tad too far by launching a meme coin. It was an action so absurd yet very fitting of Donald Trump, the man who calls himself ‘crypto president.

Donald and Melania Trump launched new cryptocurrencies over the weekend. Some experts are advising investors to be cautious.

The soon-to-be First Lady introduced $MELANIA on Sunday, after which her husband's meme coin saw a significant price drop.

Bitcoin hit a new all-time high overnight as investors prepare for the crypto-friendly Trump administration to take office.

"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.

I believe the launch of TRUMP and MELANIA meme coins isn't an indictment of the crypto space but a fun way to show political support. Read my analysis.

Billions have already been wiped from the value of the latest cryptocurrencies, with experts warning of more volatility

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

Most of the major cryptocurrencies are in the green Friday morning, including Bitcoin and Dogecoin, but Trump's Solana token sits in the red.

Bitcoin and other cryptocurrencies recoiled after Trump's first set of policies following inauguration did not refer to this asset class.