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Solana, Trump Memecoins Tumble as Inauguration Day Brings $700M in Crypto Liquidations
Donald Trump did not mention crypto during his inauguration speech, leaving crypto traders' heightened expectations somewhat unfulfilled.
20 Oca 2025 ös 8:03 AI tarafından çevrildi
What to know:
- Crypto markets swung on Monday as President Donald Trump was sworn into office, with Solana's SOL leading altcoin losses down nearly 10% from its record high.
- TRUMP and MELANIA, recently launched "official" memecoins from the President and First Lady, plummeted as much as 30% and 46%, respectively, amid criticism over their speculative nature.
- The volatility caused widespread liquidations of leveraged crypto derivatives positions, totaling over $700 million liquidations across all assets through the day and surpassing $1.2 billion over the past 24 hours.
Crypto markets saw wild price swings on Monday during Donald Trump's inauguration ceremony as heightened excitement turned to disappointment after he declined to mention crypto during his first speech.
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The broad-market crypto benchmark CoinDesk 20 Index fell over 5% during the ceremony, while bitcoin (BTC) dipped to $101,000 from $106,000 before stabilizing around $103,000. Layer-1 network Solana (SOL), which was at the center of the weekend crypto frenzy of Trump-related memecoins, led losses among altcoin majors, down nearly 10% from its recent lifetime record.
TRUMP, Donald Trump's official memecoin which launched Friday on Solana, tanked 30% from $50 during Trump's speech. It later recovered some of its losses but was still down roughly 20% from its session high. MELANIA — the token named for First Lady Melanie Trump and launched one day after TRUMP — plummeted as much as 46% before paring some of the losses.
Read more: Bitcoin Fades From Highs After No Crypto Mentions During Trump's Inauguration Speech
The volatility also flushed leveraged crypto trading positions en masse, liquidating over $700 million of derivatives across all digital assets on exchanges through Monday, CoinGlass data shows. Nearly $500 million worth of liquidated positions were longs betting on prices to rise.
Including the overnight selloff before the inauguration brings the total liquidations over $1.2 billion in the past 24 hours, marking the biggest leverage wipeout of this year.
Anticipation for Trump's presidency was immense in the crypto industry, expecting friendlier policies towards digital assets after years of regulatory uncertainty and clampdown. However, the launch of Trump-affiliated meme tokens only days before he entered office unleashed a speculative frenzy on crypto trading platforms and irked several prominent figures in and outside the industry.
“It’s absolutely preposterous that he would do this,” Nic Carter, founding partner at the crypto investment firm Castle Island Ventures, told Politico. "They’re plumbing new depths of idiocy with the memecoin launch.”
Congresswoman Maxine Waters, the top Democrat on the House Financial Services Committee, was the latest to denounce the action.
"This meme coin represents the worst of crypto and shows why many regulators, advocates, and policymakers have long been worried," she said in a Monday statement. "These actions by President Trump will also further taint the crypto industry, which has long fought for legitimacy and a level playing field with other financial institutions."
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin slides to $86,000 as slower rate cut risk, AI stock woes shake markets
Crypto-related stocks suffered far deeper declines as bitcoin slumped well below its recent trading range.
Bilinmesi gerekenler:
- Bitcoin and major altcoins fell further throughout U.S. trading hours as macro uncertainty continued to pressure risk assets.
- Many crypto-related stocks, including leaders Coinbase and Strategy, posted deeper slumps than crypto itself.
- Wintermute's Jasper De Maere suggested the decline is and should remain orderly.
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