National PoliticsDonald Trump’s meme coin gets $11bn market cap, drags crypto market — Check how Bitcoin, EJanuary 20, 2025January 20, 2025Comments (0)Ethics Watch NJ Staff Donald Trump’s meme coin gets $11bn market cap, drags crypto market — Check how Bitcoin, Ethereum, Solana performed | Stock Market News </noscript><script>var _comscore = _comscore || [];_comscore.push({ c1:"2", c2:"6035286", options: {enableFirstPartyCookie: true, bypassUserConsentRequirementFor1PCookie:true }});( function() {var s = document.createElement("script"), el = document.getElementsByTagName("script")[0]; s.async = true; s.src = "https://sb.scorecardresearch.com/cs/6035286/beacon.js"; el.parentNode.insertBefore(s, el);})();</script><noscript><img src='https://sb.scorecardresearch.com/p?c1=2&c2=6035286&cv=4.4.0&cj=1'></noscript></p> <div id="adfreeDeskSpace"> <div class="desktopAd adSpace" id="div-gpt-ad-1536154100747-0"></div> </div> <div class="headerBg stickyHeader" id="header"> <div class="containerNew 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coins,Melania Trump,Donald Trump,crypto trade,crypto markets,trade,trade volume,crypto tokens,how is bitcoin performing,how to buy Melania coin,melania coin price,bitcoin price today,crypto news,trump coin" data-vars-cardtype="card" data-vars-storyid="11737347971718" data-vars-storytype="story" data-vars-pos="vertical" data-vars-section="Markets" data-vars-agency="" data-vars-firstpublisheddate="2025-01-20T11:59:11+05:30" data-vars-subsection="Cryptocurrency" data-vars-inlineads="false" data-vars-orderid="1"> <div class="storyPage_storyBox__zPlkE"> <h1 id="article-0">Donald Trump’s meme coin gets $11bn market cap, drags crypto market — Check how Bitcoin, Ethereum, Solana performed</h1> <h2 class="storyPage_summary__Ge5SX">The debut of Donald and Melania Trump’s meme coins — $TRUMP and $MELANIA on the Solana blockchain, sent shockwaves through the cryptocurrency market. We see how major coins such as Bitcoin and Ethereum were impacted. </h2> <div class="storyPage_authorSocial__Thgmm"> <div class="storyPage_authorInfo__zIDsr"> <div class="storyPage_authorDesc__zPjwo"> <!-- --><strong>Jocelyn Fernandes</strong></p> <div class="storyPage_date__JS9qJ storyPage_top__RFRL3">Updated<!-- --><span>20 Jan 2025, 11:59 AM IST</span></div> </div> </div> <div id="shareBar_11737347971718" class="storyPage_echoLink__Y59Ng"></div> </div> <div id="adfreeDivMobile" class="jsx-9de8d17559765f1b mobileAd"> <div id="pushDownAd" class="jsx-9de8d17559765f1b adHolder adHolderTop"> <div id="div-gpt-ad-1536154373501-0" class="jsx-9de8d17559765f1b"></div> </div> </div> <figure><img fetchpriority="high" decoding="async" src="https://www.livemint.com/lm-img/img/2025/01/20/600x338/Donald_Trump_memecoin_Melania_Trump_cryptocurrency_1737350486740_1737350486955.JPG" alt="The debut of Donald and Melania Trump's meme coins — $TRUMP and $MELANIA, sent shockwaves through the cryptocurrency market. " width="655" height="368" title="" sizes="" class=""/><figcaption>The debut of Donald and Melania Trump’s meme coins — $TRUMP and $MELANIA, sent shockwaves through the cryptocurrency market. <!-- --><strong>(<!-- -->Photo: Get Trump Memes<!-- -->)<!-- --></strong></figcaption></figure> <div class="storyPage_storyContent__m_MYl"> <div id="article-index-0" class="storyParagraph"> <p>United States President-elect Donald Trump’s new meme coin debuted on January 18 on the cryptocurrency markets and attracted billions of dollars of investment. At the time of writing on January 20 (IST), $TRUMP was trading at $60, up over 64 per cent from the previous day but lower than its peak of $75, according to Coinmarketcap data.</p> </div> <div id="signInStoryBoxId_11737347971718"></div> <div id="article-index-1" class="storyParagraph"> <p>The market capitalisation of Trump’s meme coin was pegged at $11.74 billion, also up over 64 percent from the previous day. There are 200 million Trump meme coins in circulation on the crypto market at present.</p> </div> <div id="article-index-2" class="storyPage_alsoRead__6h9uq"><strong>Also Read<!-- --></strong> <!-- -->|<!-- --> <!-- -->Melania Trump’s meme coin jumps 2000% — a step-by-step guide on how to buy</div> <div id="article-index-3" class="storyParagraph"> <h2>Donald Trump Could Be Among Richest in World</h2> <p>According to CoinGecko, $TRUMP is currently the 22nd most valuable form of crypto in the world while $MELANIA is the 94th most valuable, adding them among the richest in the world.</p> </div> <div> <div class="lazy-loaded"></div> </div> <div id="article-index-4" class="storyParagraph"> <p>The Trump family crypto tokens have led to a significant surge in the wealth of incoming US President Donald Trump, making him one of the richest people in the world, according to a New York Times report.</p> </div> <div id="article-index-5" class="storyParagraph"> <p>At one point during the weekend, $TRUMP hit $15 billion in value amid skyrocketing trade volumes and interest before sliding to $10 billion on Sunday (January 19), as per a Bloomberg report.</p> </div> <div id="article-index-6" class="storyParagraph"> <p>Notably, $TRUMP fell from its $75 level high after soon-to-be first lady Melania Trump announced her own rival crypto meme coin, $MELANIA and pulled millions in a 3,000 per cent jump on open when it hit a high of $13.14 each. At the time of writing, Melania Trump’s coin is trading at $11.42 with a market cap of $1.62 billion, as per data on Coinmarketcap. The circulating supply of the coin is 162.21 million units.</p> </div> <div class="moreNews widget-impression-candidate lmWidgetTracking" data-vars-widget-type="storyWidget" id="tr_11737347971718" style="display:none"></div> <div id="article-index-7" class="storyPage_alsoRead__6h9uq"><strong>Also Read<!-- --></strong> <!-- -->|<!-- --> <!-- -->How $TRUMP coin added $7 billion to Donald Trump’s wealth overnight</div> <div id="article-index-8" class="storyParagraph"> <h2>Trump Meme Coins Rattle Big Players</h2> <p>According to the Bloomberg report, the debut of Donald and Melania Trump’s meme coins has rattled the wider cryptocurrency market. Both market leaders, Bitcoin and Ether, took big hits, with other leading names, XRP and Tether, also falling.</p> </div> <div id="article-index-9" class="storyParagraph"> <p>Solana, whose associated blockchain is being used for the Trumps’ meme coins, fared better than the other top cryptocurrencies over the weekend, it added.</p> </div> <div id="article-index-10" class="storyParagraph"> <p>According to data on coinmarketcap, the global crypto market cap this morning is $3.51 trillion, a 3.49 per cent decrease over the last day. However, the total crypto market volume increased by 82.31 per cent over the last 24 hours to $348.81 billion.</p> </div> <div id="article-index-11" class="storyPage_alsoRead__6h9uq"><strong>Also Read<!-- --></strong> <!-- -->|<!-- --> <!-- -->Donald Trump inauguration LIVE: ‘Greatest political movement’: US Prez-elect</div> <div id="article-index-12" class="storyParagraph"> <h3>Bitcoin</h3> <p>At the time of writing, Bitcoin was trading at $102,115.37, down 2.71 per cent from the previous day. Market cap was also down by 2 per cent to $2.02 trillion, while volume over the past 24 hours surged by 80.95 per cent to $90.83 billion, as per Coinmarketcap.</p> </div> <div class="lazy-loaded"></div> <div id="article-index-13" class="storyParagraph"> <p>Further, the dominance of the world’s largest cryptocurrency, Bitcoin, is 57.33 per cent, an increase of 0.28 per cent over the day.</p> </div> <div id="article-index-14" class="storyParagraph"> <h3>Ethereum</h3> <p>The second biggest cryptocurrency Ethereum is trading at $3,273.32 today, down 0.67 per cent from the previous day. Market cap is also down from the previous day at $394.44 billion, while the trade volume surged 90.52 per cent over the past 24 hours.</p> </div> <div id="article-index-15" class="storyParagraph"> <h3>Solana</h3> <p>Solana is at $244.44 at the time of writing, down 9.23 per cent from the previous date, with a market cap of $118.94 billion (down 9.51 per cent) and 24 24-hour trade volume of $35.76 billion (up 48.64 per cent).</p> </div> <div id="article-index-16" class="storyParagraph"> <p>Sydney-based Richard Galvin, co-founder of hedge fund DACM told Bloomberg crypto coins were trading “poorly” due to the “size of the capital flowing” to the Trump tokens. Representatives for Trump did not respond to queries, the report added.</p> </div> <div id="article-index-17" class="storyPage_alsoRead__6h9uq"><strong>Also Read<!-- --></strong> <!-- -->|<!-- --> <!-- -->$TRUMP meme coin surges 300% hours after launch: Here’s how you can invest in it</div> <div id="article-index-18" class="storyParagraph"> <h2>Reactions to $TRUMP and $MELANIA Divided</h2> <p>Meanwhile, crypto investors remain in “party mode”, awaiting executive orders from Trump that will reduce regulatory roadblocks and promote widespread adoption of digital assets, according to a Reuters report.</p> </div> <div id="article-index-19" class="storyParagraph"> <p>While fans and crypto enthusiasts have hailed Donald Trump and his family’s “business savvy” in making crypto decisions, critics have called into question the ethics and even conflict of interest arising from the assets.</p> </div> <div id="article-index-20" class="storyParagraph"> <p>Trump has promised to usher in crypto-friendly regulations and has nominated a host of pro-crypto names to key positions in his administration.</p> </div> <div id="article-index-21" class="storyParagraph"> <p><i>(With inputs from Agencies)</i></p> </div> <div id="pollElement_11737349395405" class="mb20 pollQuizScroll pollloaded"></div> </div> <div class="storyPage_keytakeAway__gmc0s"> <div class="storyPage_headingSecond__bQoGN">Key Takeaways<!-- --></div> <ul> <li>The launch of meme coins can significantly influence the wider cryptocurrency market.</li> <li>Speculative trading on digital assets often leads to volatile price fluctuations.</li> <li>Meme coins can attract attention due to celebrity endorsements, impacting traditional cryptocurrencies.</li> </ul> </div> <div id="benefitText_11737347971718"></div> <div class="storyPage_seoTxt__FaEST " id="seoText"> <p>Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. 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We see how major coins such as Bitcoin and Ethereum were impacted.u0026nbsp;","handpicked":false,"audienceTags":null,"autoBackLinked":false,"aiContent":false,"aiContentType":null,"removeAds":false,"contextualKeyword":"Topic_lm_39,Emo_anticipation,Hour_11,Day_Monday","embedAmazonCount":0,"embedCromaCount":0,"embedFlipkartCount":0,"embedSnapdealCount":0,"tableOfContentsHeading":[],"performanceArticleType":null,"prContextualKeywords":null,"sectionId":1544430958545,"subSectionId":11611741732034,"typeOfFormat":null,"crawledWidgetType":null,"crawledWidgetData":null},"isDeleted":0,"expiryDate":null,"listRelatedStories":null,"type":"story","relatedStories":null,"listElement":[{"id":11737352627756,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003cpu003eUnited States President-elect u003ca class="manualbacklink" target="_blank" href="https://www.livemint.com/topic/donald-trump"u003eDonald Trumpu003c/au003e's new meme coin debuted on January 18 on the cryptocurrency markets and attracted billions of dollars of investment. At the time of writing on January 20 (IST), $TRUMP was trading at $60, up over 64 per cent from the previous day but lower than its peak of $75, according to Coinmarketcap data.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737352627756,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003cpu003eThe market capitalisation of Trump's u003ca class="manualbacklink" target="_blank" href="https://www.livemint.com/market/cryptocurrency/donald-trump-wife-melania-trump-has-rival-cryptocurrency-token-tanking-price-of-trump-meme-coin-us-markets-news-11737335026286.html"u003ememe coinu003c/au003e was pegged at $11.74 billion, also up over 64 percent from the previous day. There are 200 million Trump meme coins in circulation on the crypto market at present.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737352627375,"articleType":"element","name":"","title":"","type":"alsoread","subType":null,"paywallElement":false,"alsoReadStories":{"11737337643752":"Melania Trump's meme coin jumps 2000% — a step-by-step guide on how to buy"},"alsoReadStoryIdList":[11737337643752],"alsoReadStoriesUrl":{"11737337643752":"/market/cryptocurrency/how-to-buy-melania-trump-coin-meme-melania-up-2000-percent-donald-trump-markets-price-us-investment-cryptocurrency-news-11737337643752.html"}},{"id":11737352714968,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003ch2u003eDonald Trump Could Be Among Richest in Worldu003c/h2u003eu003cpu003eAccording to CoinGecko, $TRUMP is currently the 22nd most valuable form of u003ca class="manualbacklink" target="_blank" href="https://www.livemint.com/topic/crypto"u003ecryptou003c/au003e in the world while $MELANIA is the 94th most valuable, adding them among the richest in the world.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737352714968,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003cpu003eThe Trump family crypto tokens have led to a significant surge in the wealth of incoming US President Donald u003ca class="manualbacklink" target="_blank" href="https://www.livemint.com/market/cryptocurrency/donald-trump-and-melania-trump-among-richest-in-the-world-thanks-to-meme-coin-11737339347212.html"u003eTrumpu003c/au003e, making him one of the richest people in the world, according to a New York Times report.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737352714968,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003cpu003eAt one point during the weekend, $TRUMP hit $15 billion in value amid skyrocketing trade volumes and interest before sliding to $10 billion on Sunday (January 19), as per a Bloomberg report.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737352714968,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003cpu003eNotably, $TRUMP fell from its $75 level high after soon-to-be first lady u003ca class="manualbacklink" target="_blank" href="https://www.livemint.com/news/us-news/melania-trump-opens-up-about-where-she-ll-spend-most-of-her-time-during-trump-s-presidency-11736881096032.html"u003eMelania Trumpu003c/au003e announced her own rival crypto meme coin, $MELANIA and pulled millions in a 3,000 per cent jump on open when it hit a high of $13.14 each. At the time of writing, Melania Trump's coin is trading at $11.42 with a market cap of $1.62 billion, as per data on Coinmarketcap. The circulating supply of the coin is 162.21 million units.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737352714612,"articleType":"element","name":"","title":"","type":"alsoread","subType":null,"paywallElement":false,"alsoReadStories":{"11737265297952":"How $TRUMP coin added $7 billion to Donald Trump's wealth overnight"},"alsoReadStoryIdList":[11737265297952],"alsoReadStoriesUrl":{"11737265297952":"/market/cryptocurrency/how-trump-meme-coin-added-7-billion-donald-trump-wealth-overnight-cryptocurrency-virtual-token-president-us-news-markets-11737265297952.html"}},{"id":11737353874939,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003ch2u003eTrump Meme Coins Rattle Big Playersu003c/h2u003eu003cpu003eAccording to the Bloomberg report, the debut of Donald and Melania Trump's meme coins has rattled the wider cryptocurrency market. Both market leaders, Bitcoin and u003ca class="manualbacklink" target="_blank" href="https://www.livemint.com/market/cryptocurrency/bitcoin-went-mainstream-in-2024-are-ether-solana-and-other-risky-tokens-next-11734691186313.html"u003eEtheru003c/au003e, took big hits, with other leading names, XRP and Tether, also falling.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737353874939,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003cpu003eSolana, whose associated blockchain is being used for the Trumps' meme coins, fared better than the other top cryptocurrencies over the weekend, it added.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737353874939,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003cpu003eAccording to data on coinmarketcap, the global crypto market cap this morning is $3.51 trillion, a 3.49 per cent decrease over the last day. However, the total crypto market volume increased by 82.31 per cent over the last 24 hours to $348.81 billion.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737353874404,"articleType":"element","name":"","title":"","type":"alsoread","subType":null,"paywallElement":false,"alsoReadStories":{"11737163061378":"Donald Trump inauguration LIVE: ‘Greatest political movement': US Prez-elect"},"alsoReadStoryIdList":[11737163061378],"alsoReadStoriesUrl":{"11737163061378":"/news/world/donald-trump-inauguration-2025-live-updates-date-timing-president-trump-us-latest-news-18-january-us-capitol-america-11737163061378.html"}},{"id":11737352912925,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003ch3u003eBitcoinu003c/h3u003eu003cpu003eAt the time of writing, u003ca class="manualbacklink" target="_blank" href="https://www.livemint.com/topic/bitcoin"u003eBitcoinu003c/au003e was trading at $102,115.37, down 2.71 per cent from the previous day. Market cap was also down by 2 per cent to $2.02 trillion, while volume over the past 24 hours surged by 80.95 per cent to $90.83 billion, as per Coinmarketcap.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737352912925,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003cpu003eFurther, the dominance of the world's largest cryptocurrency, Bitcoin, is 57.33 per cent, an increase of 0.28 per cent over the day.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737352912925,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003ch3u003eEthereumu003c/h3u003eu003cpu003eThe second biggest u003ca class="manualbacklink" target="_blank" href="https://www.livemint.com/money/personal-finance/can-profit-from-cryptocurrency-sale-be-taxed-as-capital-gains-a-guide-to-crypto-taxation-bitcoin-cryptocurrencies-btc-11734680503614.html"u003ecryptocurrencyu003c/au003e Ethereum is trading at $3,273.32 today, down 0.67 per cent from the previous day. Market cap is also down from the previous day at $394.44 billion, while the trade volume surged 90.52 per cent over the past 24 hours.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737352912925,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003ch3u003eSolanau003c/h3u003eu003cpu003eSolana is at $244.44 at the time of writing, down 9.23 per cent from the previous date, with a market cap of $118.94 billion (down 9.51 per cent) and 24 24-hour trade volume of $35.76 billion (up 48.64 per cent).u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737352912925,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003cpu003eSydney-based Richard Galvin, co-founder of hedge fund DACM told Bloomberg crypto coins were trading “poorly” due to the “size of the capital flowing” to the Trump u003ca class="manualbacklink" target="_blank" href="https://www.livemint.com/market/cryptocurrency/bitcoin-grew-120-percent-last-year-outperform-gold-equities-assets-will-cryptocurrency-momentum-sustain-in-2025-markets-11735724096380.html"u003etokensu003c/au003e. Representatives for Trump did not respond to queries, the report added.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737352912599,"articleType":"element","name":"","title":"","type":"alsoread","subType":null,"paywallElement":false,"alsoReadStories":{"11737224627762":"$TRUMP meme coin surges 300% hours after launch: Here's how you can invest in it"},"alsoReadStoryIdList":[11737224627762],"alsoReadStoriesUrl":{"11737224627762":"/news/us-news/how-to-buy-trump-memes-trump-a-step-by-step-guide-11737224627762.html"}},{"id":11737347970723,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003ch2u003eReactions to $TRUMP and $MELANIA Dividedu003c/h2u003eu003cpu003eMeanwhile, crypto u003ca class="manualbacklink" target="_blank" href="https://www.livemint.com/topic/investors"u003einvestorsu003c/au003e remain in "party mode", awaiting executive orders from Trump that will reduce regulatory roadblocks and promote widespread adoption of digital assets, according to a Reuters report.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737347970723,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003cpu003eWhile fans and crypto enthusiasts have hailed Donald Trump and his family's “business savvy” in making u003ca class="manualbacklink" target="_blank" href="https://www.livemint.com/market/cryptocurrency/trump-coin-is-donald-trumps-meme-coin-a-crypto-gimmick-or-a-hidden-gem-11737284627672.html"u003ecryptou003c/au003e decisions, critics have called into question the ethics and even conflict of interest arising from the assets.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737347970723,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003cpu003eTrump has promised to usher in crypto-friendly regulations and has nominated a host of pro-crypto names to key positions in his administration.u003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737347970723,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"paragraph":{"body":"u003cpu003eu003ciu003e(With inputs from Agencies)u003c/iu003eu003c/pu003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11737349392904,"articleType":"element","name":"","title":"Keytakeaways","type":"listicleElement","subType":null,"paywallElement":false,"listicleType":"Keytakeaways","listicleArray":[{"inlineElementId":null,"body":null,"key":null,"value":"The launch of meme coins can significantly influence the wider cryptocurrency market."},{"inlineElementId":null,"body":null,"key":null,"value":"Speculative trading on digital assets often leads to volatile price fluctuations."},{"inlineElementId":null,"body":null,"key":null,"value":"Meme coins can attract attention due to celebrity endorsements, impacting traditional cryptocurrencies."}],"listicleBulletType":null,"listicleHeadline":null},{"id":11737349395405,"articleType":"element","name":"","title":"What do you think about meme coins in cryptocurrency?","type":"poll","subType":null,"paywallElement":false,"poll":{"appRenderingJSPath":null,"ampHtmlPath":"https://images.livemint.com/js/original/poll_11737349395405.html","renderingJSPath":"https://images.livemint.com/js/original/poll_11737349395405.js"}}],"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false,"headline":"Donald Trump's meme coin gets $11bn market cap, drags crypto market — Check how Bitcoin, Ethereum, Solana performed","summary":"The debut of Donald and Melania Trump's meme coins — $TRUMP and $MELANIA on the Solana blockchain, sent shockwaves through the cryptocurrency market. We see how major coins such as Bitcoin and Ethereum were impacted.u0026nbsp;","quickReadSummary":null,"mobileHeadline":"Donald Trump's meme coin drags crypto market — check how Bitcoin performed","leadMedia":{"id":null,"mediaType":null,"elements":[11737350437184],"image":{"images":{"270x480":null,"600x338":"https://www.livemint.com/lm-img/img/2025/01/20/600x338/Donald_Trump_memecoin_Melania_Trump_cryptocurrency_1737350486740_1737350486955.JPG","optimize":"https://www.livemint.com/lm-img/img/2025/01/20/optimize/trump_memecoin_1737221092583_1737350436897.JPG","mediumImage":"https://www.livemint.com/lm-img/img/2025/01/20/250x250/Donald_Trump_memecoin_Melania_Trump_cryptocurrency_1737350486740_1737350486955.JPG","bigImage":"https://www.livemint.com/lm-img/img/2025/01/20/600x338/Donald_Trump_memecoin_Melania_Trump_cryptocurrency_1737350486740_1737350486955.JPG","140x140":"https://www.livemint.com/lm-img/img/2025/01/20/140x140/Donald_Trump_memecoin_Melania_Trump_cryptocurrency_1737350486740_1737350486955.JPG","thumbnailImage":"https://www.livemint.com/lm-img/img/2025/01/20/90x90/Donald_Trump_memecoin_Melania_Trump_cryptocurrency_1737350486740_1737350486955.JPG","900x1600":"https://www.livemint.com/lm-img/img/2025/01/20/original/Donald_Trump_memecoin_Melania_Trump_cryptocurrency_1737350486740.JPG","fullImage":"https://www.livemint.com/lm-img/img/2025/01/20/960x540/Donald_Trump_memecoin_Melania_Trump_cryptocurrency_1737350486740_1737350486955.JPG","248x186":null},"caption":"The debut of Donald and Melania Trump's meme coins — $TRUMP and $MELANIA, sent shockwaves through the cryptocurrency market. ","name":"$TRUMP meme coin","alternateText":null,"imageCredit":"Photo: Get Trump Memes","overImage":false,"verticalImage":false,"width":1272,"height":627,"imageUrl":""},"video":null},"timeToRead":3,"introBody":"","related":[],"showRelated":false,"paywallElement":false,"twoLinerText":"Catch all the u003ca href="https://www.livemint.com/"u003eBusiness News u003c/au003e, u003ca href="https://www.livemint.com/market" u003e Market News u003c/au003e, u003ca href="https://www.livemint.com/news"u003eBreaking News u003c/au003eEvents and u003ca href="https://www.livemint.com/latest-news"u003eLatest News u003c/au003e Updates on Live Mint. 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