Official memecoins of former President Donald Trump and First Lady Melania have experienced declines of up to 60% following a heavy profit-taking episode after the inauguration. TRUMP token saw over $19 billion in trading volumes, while MELANIA token recorded $4.5 billion, contrasting with other major tokens like Tron and Cardano, which traded under $4 billion. The anticipated pro-crypto announcements during the inauguration failed to materialize, leading to a significant fall in Bitcoin prices, which dropped from over $109,000 to around $101,000. Despite the bearish market response, traders remain optimistic about pro-crypto policies in the future. Emphasis is placed on Solana's SOL tokens, potentially signifying a faster approval for Solana's ETF facilitated by the launch of TRUMP on this blockchain. This engagement suggests a solidified stance on crypto from Trump, exciting institutional investors eager for regulatory clarity on digital assets.

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