Following the recent inauguration, TRUMP and MELANIA tokens witnessed a significant drop of 40-60%, in spite of experiencing massive trading volumes of $19B and $4.5B respectively. This downturn was also marked by major whale movements, with $74.22M worth of TRUMP tokens being moved or sold.
Additionally, Bitcoin's value decreased from $109,000 to $101,000 after the inauguration speech failed to mention cryptocurrency, affecting the market sentiment. Moreover, all major Solana meme coins such as BONK, WIF, and MELANIA also saw substantial declines amid this turbulent period.