The Trump family tokens also saw significant drops, with the Official Trump token plunging 29% to about $38 and the Melania Meme coin tumbling 54% to just over $41.
The lack of immediate action on cryptocurrencies in Trump's inaugural speech left crypto bulls feeling underwhelmed.
Despite Trump's pro-crypto stance during his campaign, his first day in office did not address the digital-asset sector. This led to profit-taking after recent gains, contributing to the decline in prices. #news
