The world of cryptocurrency collided with American politics as incoming First Lady Melania Trump crashed her husband's crypto party by launching her meme coin. This unexpected move briefly tanked the price of Donald Trump's recently launched cryptocurrency, creating a whirlwind of activity in the crypto market just days before the presidential inauguration.

The crypto frenzy began when Donald Trump, set to take office on Monday, introduced his $TRUMP token. The digital asset quickly gained traction, with its price more than tripling to over $70 within hours of its launch. This meteoric rise catapulted $TRUMP into the top 20 cryptocurrencies, boasting a staggering market value of over $14 billion. The incoming president took to social media to promote his new venture, urging supporters to "JOIN MY VERY SPECIAL TRUMP COMMUNITY" and "GET YOUR $TRUMP NOW."

The sudden surge in $TRUMP's popularity had a ripple effect on the broader crypto market. Blockchain analysts reported that the digital stampede for Trump's coin caused a liquidity drain, leading to a dip in the value of other cryptocurrencies as traders rushed to get a piece of the action.

Not to be outdone, Melania Trump followed suit by launching her meme coin, $MELANIA. The introduction of her token briefly overshadowed her husband's, causing a temporary but significant drop in $TRUMP's value. In a matter of minutes, $TRUMP's price plummeted by more than 50%, from $75 to $30, before gradually recovering.

Melania's coin made an impressive debut, with its market capitalization reaching as high as $13 billion shortly after launch. The First Lady promoted her coin on social media, with her post being reposted by the President himself, further fueling interest in the new token.

The rapid rise and fall of these political meme coins have left crypto enthusiasts and market analysts stunned. Meme coins, typically inspired by internet trends and lacking inherent utility, are known for their susceptibility to dramatic price swings. Some traders have likened investing in meme coins to "pure gambling" or "buying a lottery ticket". The Trump family's foray into this volatile market has only intensified the debate surrounding these digital assets.

While some crypto enthusiasts have hailed the Trump meme coin as a symbol of the incoming administration's support for the industry, others have raised concerns about potential conflicts of interest. The launch of these coins has reignited discussions about the ethical implications of political figures profiting from their positions.

It's worth noting that both the $TRUMP and $MELANIA websites include disclaimers stating that the coins are not intended as investment opportunities or securities. However, the blurring of lines between political influence and personal financial gain continues to be a topic of heated debate.