The launch of meme coins $TRUMP and $MELANIA has sparked significant reactions on Crypto Twitter just before Donald Trump's inauguration as the 47th U.S. President. $TRUMP reached a fully diluted valuation of $72 billion, while $MELANIA saw over a 12,000% increase within hours. However, this surge came at a cost to the broader crypto market, with major coins like Bitcoin stagnating and others like Dogecoin and Shiba Inu dropping around 7% and 6%, respectively. Opinions among traders varied, with some supporting these meme coins as a gateway to mass adoption, while others criticized the ethical implications, suggesting it exploits the market for personal gain. Critics highlighted issues such as insider token vesting during the presidency and questioned the professionalism behind the $MELANIA coin's launch. Some believe this incident could lead to regulatory changes in the taxation of crypto in the U.S. Despite the chaos, some traders remain optimistic about future market developments related to these coins.

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