{"id":20506,"date":"2025-01-21T18:08:27","date_gmt":"2025-01-21T16:08:27","guid":{"rendered":"https:\/\/forklog.com\/en\/trump-tokens-plummet-following-us-presidential-inauguration\/"},"modified":"2025-01-21T18:08:27","modified_gmt":"2025-01-21T16:08:27","slug":"trump-tokens-plummet-following-us-presidential-inauguration","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trump-tokens-plummet-following-us-presidential-inauguration\/","title":{"rendered":"Trump Tokens Plummet Following US Presidential Inauguration"},"content":{"rendered":"<p>On January 21, the prices of Official Trump (TRUMP) and Melania Meme (MELANIA) tokens fell from their peak by 29.8% and 53.8%, respectively. The sharp profit-taking was triggered by the absence of any mention of cryptocurrencies during Donald Trump&#8217;s <a href=\"https:\/\/www.cbsnews.com\/news\/watch-trump-inauguration-speech-2025\/\">inauguration speech<\/a>.<\/p>\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"250029\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1399.webp\" alt=\"1-1399\" class=\"wp-image-250029\"\/><figcaption class=\"wp-element-caption\">TRUMP\/USDT dynamics. Data: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/official-trump\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"250028\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-1001.webp\" alt=\"2-1001\" class=\"wp-image-250028\"\/><figcaption class=\"wp-element-caption\">MELANIA\/USDT dynamics. Data: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/melania-meme\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<\/figure>\n<p>In his post-inauguration speech, Donald Trump did not mention the creation of a national Bitcoin reserve, which was among his <a href=\"https:\/\/u1f987.com\/en\/news\/donald-trump-becomes-47th-president-of-the-united-states-implications-for-the-crypto-industry\">campaign promises<\/a>.<\/p>\n<p>The cryptocurrency market was left disappointed, having anticipated that digital assets would become <a href=\"https:\/\/u1f987.com\/en\/news\/trump-to-designate-cryptocurrency-a-national-priority-reports-say\">a priority area<\/a> of government policy.<\/p>\n<p>Bitcoin and its main competitors also entered a correction phase. By the end of January 21, the rate of decline had slowed to 0.6-7%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-563.webp\" alt=\"3-563\" class=\"wp-image-250030\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a>, in the past 24 hours, 217,538 trader positions were liquidated for $566 million, with $399 million in long positions.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-356.webp\" alt=\"4-356\" class=\"wp-image-250031\"\/><figcaption class=\"wp-element-caption\">Data: Coinglass.<\/figcaption><\/figure>\n<p>Experts at Lookonchain recorded a loss of $2.55 million for one market participant in transactions with Official Trump.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A wallet named Ansem(<a href=\"https:\/\/twitter.com\/blknoiz06?ref_src=twsrc%5Etfw\">@blknoiz06<\/a>) sold 194,799 <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TRUMP<\/a>($6.83M) 2 hours ago, losing $2.55M!<a href=\"https:\/\/twitter.com\/hashtag\/Ansem?src=hash&#038;ref_src=twsrc%5Etfw\">#Ansem<\/a> spent 9.38M <a href=\"https:\/\/twitter.com\/search?q=%24USDC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDC<\/a> to buy 194,799 <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TRUMP<\/a> at $48.14, then sold it at $35.04 for 6.83M <a href=\"https:\/\/twitter.com\/search?q=%24USDC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDC<\/a>.<a href=\"https:\/\/t.co\/5oPZOanVCR\">https:\/\/t.co\/5oPZOanVCR<\/a> <a href=\"https:\/\/t.co\/k0neD0wxcU\">pic.twitter.com\/k0neD0wxcU<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1881528883079709134?ref_src=twsrc%5Etfw\">January 21, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The wallet labeled #Ansem purchased 194,799 TRUMP for $9.38 million at $48.14 per coin. It later sold these assets at $35.04, receiving $6.83 million.<\/p>\n<p>In recent days, the number of searches for &#8220;how to buy crypto&#8221; on <a href=\"https:\/\/trends.google.com\/trends\/explore?q=how%20to%20buy%20crypto&#038;hl=en-GB\">Google Trends<\/a> has set a new record. Among &#8220;new investors,&#8221; some chose to invest in TRUMP and MELANIA.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/42075\" data-width=\"100%\"><\/script><\/p>\n<p>Earlier, the Trump-associated DeFi project World Liberty Financial (WLFI) acquired $112.8 million in cryptocurrencies on his first day in office.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 21, the prices of Official Trump (TRUMP) and Melania Meme (MELANIA) tokens fell from their peak by 29.8% and 53.8%, respectively. The sharp profit-taking was triggered by the absence of any mention of cryptocurrencies during Donald Trump&#8217;s inauguration speech. TRUMP\/USDT dynamics. Data: CoinGecko. MELANIA\/USDT dynamics. Data: CoinGecko. In his post-inauguration speech, Donald Trump [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,1145,1161],"class_list":["post-20506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-donald-trump","tag-market-analysis","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=20506"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/20505"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=20506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=20506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=20506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}