#TrumpMarketInsights What the launch of the $TRUMP and $MELANIA memecoins days before Donald Trump's inauguration mean for cryptocurrency markets

The dramatic entrance of the Trump family into the memecoin space has sent shockwaves through the cryptocurrency market. 

Within hours of its Friday launch, $TRUMP's market capitalisation soared to US$5.5bn, later peaking at $14bn, quickly breaking into the top 20 cryptocurrencies globally. 

The subsequent launch of $MELANIA on Sunday demonstrated both the volatile nature of memecoins and the massive influence the Trump brand carries in the digital asset space.