TRUMP, the Solana-based meme coin associated with President Donald Trump, has seen a steep decline following his recent attempt to promote it on social media.

The capital is embracing the crypto crowd with President Trump’s return to office, marking a reversal of the Biden administration’s legal pursuit of companies such as FTX.

Now that there's both Official Trump (with the ticker TRUMP) and Official Melania Meme (with the ticker MELANIA) meme coins, both of which were launched recently on the Solana blockchain, people might be wondering which of the pair is the better bet.

Speculative meme coin funds will test the Securities and Exchange Commission’s boundaries under President Trump.

The $TRUMP token refused to climb even after U.S. President Donald Trump said he loves the meme coin, triggering criticism from some users on X amid dwindling social media interest in the crypto coin.

Ether, the second-largest digital asset by market value, fell as much as 27% to $2 135 on Monday morning in Asia before paring losses, according to data compiled by Bloomberg. It was the token’s largest intraday decline in percentage terms since May 2021.

Crypto was supposed to “democratize” finance, but small buyers remain at a disadvantage when experienced traders cash in

A TRUMP whale just made a killing, walking away with $11.87 million in profit after cashing out 637,000 tokens eight hours ago, according to on-chain data from Arkham Intelligence.