Trump Family Wealth Declines During Inauguration: Melania’s Net Worth Falls to $790M, Trump’s Market Value Halved

The swearing-in of Donald Trump as the U.S. president signified a tumultuous day for the Trump family’s meme tokens, $TRUMP and $MELANIA.

Both tokens experienced significant drops in market value during the high-profile event.

According to Coingecko, Melania Trump’s token, $MELANIA, witnessed its market capitalization fall from $2 billion to $790 million, while Donald Trump’s $TRUMP token lost half its value, settling at approximately $6.86 billion.

Trump’s $MELANIA Token Rises After Launch

The steep decline followed a brief surge driven by excitement surrounding Melania Trump’s competitive entry into the cryptocurrency space with the introduction of $MELANIA.

Currently, both tokens remain significantly in the red.

According to data from CoinMarketCap, TRUMP is trading at $34, down by about 40% over the last day.

MELANIA has suffered a more severe decline, trading at just over $4, down by more than 60% in the past 24 hours.

In contrast, the broader cryptocurrency market appeared to show resilience.

CoinMarketCap reported a 0.64% increase in the global crypto market cap, reaching $3.53 trillion.

Bitcoin, which holds a dominant 57.69% market share, is trading at around $102,000, down from its all-time high of $109,000 but maintaining a strong position above the $100,000 threshold.

Trump’s campaign pledge to become a “crypto president” has generated optimism within the sector, with hopes for favorable policies and federal Bitcoin initiatives.

Despite these commitments, Trump’s first day in office yielded no immediate crypto-related announcements, leading to a retreat from the speculative highs driven by inauguration expectations.

Details from the official Trump token website reveal that 80% of $TRUMP coins are held by Trump-affiliated entities, CIC Digital and Battle, Battle, Battle.

The meme tokens were launched months after the September 2024 introduction of World Liberty Finance, a decentralized finance (DeFi) platform led by Trump and his sons.

DeFi platforms enable peer-to-peer trading, lending, and borrowing of digital assets through automated protocols.

Ethical and Regulatory Considerations

The sharp declines in the value of Trump family meme tokens have ignited discussions regarding the ethical and regulatory ramifications of a sitting president endorsing such ventures.

“While it’s easy to dismiss this as merely another Trump spectacle, the launch of the official Trump token raises a multitude of ethical and regulatory concerns,” stated Justin D’Anethan, an independent crypto analyst based in Hong Kong, in an interview with Reuters.

Similarly, cryptocurrency attorney Preston Byrne, in a blog post dated January 10, anticipated a high likelihood of legal challenges to the tokens, citing potential losses for investors.

The Trump Organization has asserted that Donald Trump will delegate day-to-day management of his business interests to his children, addressing conflict-of-interest issues as he takes on the presidency.

However, the intersection of politics and cryptocurrency continues to pose significant questions as the Trump family’s involvement in digital assets develops.

As reported, Trump is expected to prioritize executive orders addressing crypto de-banking and revising a contentious banking accounting policy.

The anticipated orders include a repeal of a policy implemented under the Biden administration, which mandates banks holding cryptocurrency to classify the digital assets as liabilities.

The post Donald Trump Family Meme Tokens Plummet During Inauguration: $MELANIA Drops to $790M, $TRUMP Sees Market Cap Halved appeared first on Cryptonews.