Crypto markets disrupted by launch of Trump’s memecoin
20th January 2025 – (Washington) This weekend, the cryptocurrency markets were shaken by the debut of an “official” Donald Trump memecoin, causing traders to brace for further volatility in the week ahead. Since its launch on Friday evening, the price of the Trump memecoin has skyrocketed, catapulting it into the top 20 cryptocurrencies by market capitalisation with a staggering valuation of $14 billion.
As speculation mounts that Trump is preparing a series of crypto-focused executive orders, his wife, Melania Trump, has introduced her own competing cryptocurrency, which has led to a significant decline in the value of her husband’s coin.
Melania’s entry into the crypto arena saw…
