Meme coins crash 15% post Trump’s inauguration

Meme coins like TRUMP and MELANIA nosedive post-inauguration, while other sectors defy the trend with modest gains. According to SoSoValue , most segments of the crypto market have experienced a modest pullback since Donald Trump assumed office on Jan. 20. However, the meme coin sector has seen a significant decline, dropping by approximately 15% as of this writing on Jan. 21. Among the meme coins, Official Trump ( TRUMP ) has suffered a steep decline of nearly 40%, while Melania Meme ( MELANIA ) has fallen by over 66% in the past 24 hours. You might also like: Trump-backed WLFI spent $100m on crypto buys DeFi and DeFAI leaps up Despite broader market fluctuations, the DeFi and DeFAI sectors have remained resilient, posting notable gains. Raydium ( RAY ) led the DeFi sector with a 24-hour increase of nearly 12%, reaching a price of $7.46 as of this writing. However, the overall DeFi sector has experienced a slight pullback, declining 0.5% to $121 billion. Meanwhile, the DeFAI sector, which merges DeFi with artificial intelligence, has shown strong momentum, with its overall market cap growing by nearly 15%, surpassing $2.8 billion. aixbt by Virtuals ( AIXBT ) and Griffain ( GRIFFAIN ) remain the market leaders in this category, together accounting for nearly 37% of the market cap. Read more: Whales lose big as Trump Family’s meme coins spiral into bear territory