The $TRUMP cryptocurrency experienced a significant drop of approximately 30% in value following the launch of the $MELANIA meme coin. This event occurred just days before Donald Trump's inauguration as president. The $TRUMP coin had previously seen a massive surge in value, reaching a market capitalization close to $72 billion shortly after its launch, but the introduction of the $MELANIA coin appears to have shifted investor interest, leading to a sharp decline in demand for $TRUMP. The $MELANIA coin, launched by Melania Trump, quickly gained value, with some reports indicating it reached a market cap of over $5 billion within hours of its launch. This has led to speculation and discussions about the implications for the crypto market, particularly regarding the stability and speculative nature of meme coins tied to political figures.