The crypto market saw significant volatility following the inauguration of President Trump, as newly launched meme coins from the Trump family experienced sharp declines. Melania Trump's meme coin, MELANIA, plummeted over 60% from its peak, now holding a market cap of $625.5 million. Simultaneously, Donald Trump's coin (TRUMP) fell 43% from a previous high of $73.43. Market analysis suggested the volatility was exacerbated by infrastructure issues on the Solana network, with platforms overwhelmed by increased transactions. Experts raised concerns over the speculative nature of these tokens, emphasizing the difference between hype and genuine utility in cryptocurrency. This scenario reflects a possible risk where celebrity-driven token launches may overshadow fundamental value creation, jeopardizing long-term market stability. Amid this backdrop, reports indicated that the Trump-affiliated DeFi platform WLF made notable acquisitions in major cryptocurrencies. The situation highlighted the essential need for substance and regulatory clarity in the crypto market amidst celebrity-driven fluctuations.

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