Meme Coins Take the Spotlight as Crypto Markets React to "Buy the Rumor, Sell the News" 🪙📉

White house and Crypto

The crypto world is abuzz once again, but not for the reasons you might expect. Bitcoin, which briefly surged to $109,350 early Monday, experienced a sharp pullback, marking yet another classic “buy the rumor, sell the news” event. While many speculated that incoming crypto-friendly policies tied to President Trump's inauguration might drive the rally, the market had something else in store—meme coins.

Over the weekend, the "Official Trump" token took center stage, rocketing to a $10 billion market cap by Monday morning. Not to be left out, former First Lady Melania Trump debuted her own "Melania" coin, generating an eye-popping $7.2 billion in trading volume within just 24 hours. The unexpected frenzy surrounding these tokens has captivated traders, introducing a new twist in the ever-volatile crypto space.

However, the excitement wasn’t without its consequences. Bitcoin’s pullback reverberated across the market, pulling down major altcoins like Solana, which dropped by 11% despite a strong weekend rally spurred by the meme tokens launching on its blockchain. While rumors continue to swirl about potential executive orders favoring cryptocurrency, the market seems more focused on the speculative chaos of meme coins.

As these coins draw both fascination and skepticism, one thing is certain: the crypto community is watching closely to see whether this trend signals the dawn of a new chapter or just a passing craze. For now, meme coins are having their moment in the spotlight.