Trump's Inauguration and the Crypto Market: the beginning of an era of change

Bitcoin exceeded $109,000 for the first time in history, reaching $109,112 during trading. The growth is explained by the expectations of the inauguration of Donald Trump, who supports cryptocurrencies and plans to make bitcoin a national priority.

• Moreover, on the eve of his inauguration, Trump launched the TRUMP meme token on the Solana blockchain, which caused an unprecedented stir. The capitalization of the token has reached $5 billion, and leading exchanges are adding it through futures. The project is linked to CIC Digital, which previously produced Trump's NFT. 80% of TRUMP tokens are blocked for three years, which highlights the long-term plans. The launch of TRUMP coincided with the expectation of the crypto reforms that Trump is going to initiate.

• Against the background of the launch of TRUMP, Solana has significantly increased in price. According to Coin Metrics, the value of SOL increased by 12%, reaching $247.76, although previously the growth was almost 23%. TRUMP, with a capitalization of more than $5 billion, became the largest meme coin on the Solana network, which provoked an increase in interest in the platform. Against this background, large companies are applying to create ETFs related to Solana. Decisions on the applications are expected before January 25. Analysts predict that the approved ETFs will attract significant investments.

• Also, Donald Trump's wife, Melania, announced the launch of her own cryptocurrency, called $MELANIA. The price of the token has reached over $5, and its market capitalization has exceeded $5 billion. In her message, Melania strongly recommended subscribers to think about investing in her project, which immediately received approval from participants in the cryptocurrency market.