Ahead of his inauguration, President-elect Donald Trump launched the $TRUMP meme coin. The crypto, which had captivated attention over the weekend, has seen a 60% dip in value from its highest point.

Ivanka Trump said Thursday a meme coin bearing her name is “fake” and likely poses risks to investors, as other tokens named after and promoted by her father, President Donald Trump, and First Lady Melania Trump dropped in value days after they went viral.

Donald Trump launched $TRUMP cryptocurrency, a meme coin, days before his inauguration. It quickly reached over $32 billion in value. Melania has now launched her own.

Melania Trump is following in the footsteps of her husband, President-elect Donald Trump, in launching her own meme coin . "The Official Melania Meme is live!" the incoming first lady posted on social media.

The biggest concern investors and industry leaders have with the president’s meme coin ventures is his large stake in the $TRUMP and $MELANIA coins.

Ahead of President Donald Trump ’s inauguration on Jan. 20, 2025, the incoming first couple has launched $TRUMP and $MELANIA meme coins, sparking memes about the pair’s crypto-friendly attitude and the volatile nature of the cryptocurrency.

Democratic lawmakers are asking federal regulators to look into legal and ethical questions around the meme cryptocurrency coins launched by Donald Trump.

Meme tokens like TRUMP and MELANIA have dropped, creating a potential buying opportunity. Other meme coins are also gaining strong interest and investment.

Crypto enthusiasts' faith is tested as an executive order, a bitcoin sell-off and the introduction of meme coins by the president and first lady mark the first 10 days of his second term.

Carson Block, founder and chief investment officer of Muddy Waters Capital, said he "wouldn't touch" the coins.

Donald Trump’s $TRUMP memecoin has generated $11.4M in fees, soaring past $14B in market cap, creating potential conflicts of interest.