Curious Cryptos’ Commentary 22nd January 2025 — Trump & cryptos | by Mark Timmis | Coinmonks | Jan, 2025

tl;drTrump related meme coins are not really what we were looking for from the new pro-crypto administration. The SEC has already moved on from the damaging Gensler years, to everyone’s benefit.Market SnapMarket WrapBy all market measures, Trump’s inauguration has been viewed very positively, but don’t say that too loudly in some people’s company.Curious Cryptos’ meme cornerCurious Cryptos’ Commentary — TrumpOn Friday, whilst I was celebrating my birthday, Trump released his own meme coin, called … TRUMP.Announced on X this was the most obvious speculative play of the year for those who moved quickly and early. Just thirty hours after launch the market cap topped out at $15bn, which must be the most explosive growth of any coin ever.Then his wife announced the launch of her own meme coin, called … MELANIA. This news sucked the air out of TRUMP leading to a rapid near 50% sell-off whilst MELANIA reached a market cap of $2bn in just five hours. Plenty of people…