President Donald and First Lady Melania Trump debuted two meme coins over the weekend on the day of his inauguration. Meme coins have gained popularity for their volatility but are typically tied to internet trends and lack intrinsic value. The Trump coin surged to nearly $75 on Monday before stabilizing at $40, while Melania's coin faced a 20% drop, landing at $5.40. Trump has promised deregulation, appointing pro-crypto officials like SEC nominee Paul Atkins. Bitcoin surged over 50%, hitting a record of over $109,000.
