Donald Trump Cryptos Trigger $80B Memecoin Market Boom

The memecoin market, led by Dogecoin (DOGE) and Shiba Inu (SHIB), has seen a sharp rise in daily trading volume, largely due to the launch of memecoin projects tied to Donald and Melania Trump.

On Monday, January 20, during the early New York session, the 24-hour average trading volume for these memecoins jumped by more than 118%, reaching around $80 billion. This dramatic rise points to growing excitement in the memecoin sector, driven by high-profile new projects.

The deep liquidity of TRUMP and MELANIA memecoins has attracted more mainstream investors to the cryptocurrency industry. On the Solana (SOL) network, several DeFi protocols – led by Phantom wallet – reported huge transaction congestion leading to a major outage and fee spike. 

Trump’s Election Victory Boosts FOMO in Crypto

The impact of Donald Trump’s victory in the recent elections continues to influence the cryptocurrency world. His win has sparked FOMO (Fear of Missing Out) trading, particularly in the memecoin sector. Ki Young Ju, the founder and CEO of CryptoQuant, predicts that the memecoin industry will grow significantly under a Trump administration.

He believes that decentralized cryptocurrencies will remain central to the global financial system in the coming years.

“Like it or not, let’s just admit it and prepare for the next wave,” Ju noted.

The combination of Elon Musk Elon Musk   Elon Musk is a technology expert, business leader, and the mind behind top corporations like Tesla and SpaceX. He is recognized as one of the leading influencers in the cryptocurrency industry. He encourages Bitcoin adoption, and his firm, Tesla, holds a substantial amount of Bitcoin. Musk also expressed support for Donald Trump during the U.S. Presidential elections.   He is one of the wealthiest people in the world and continuously involves himself in cutting-edge innovations. After conflicts with President Trump, Musk launched his party called the ‘American Party’, which also backs Bitcoin.   Quick Facts   Full name Elon Reeve Musk Birth 28-06-1971, Pretoria, South Africa Nationality American, South African, Canadian Education BA, BS from the University of Pennsylvania Known for Entrepreneur, Crypto Influencer   Elon Musk - Career Highlights & Events   2002 - Launched SpaceX for space exploration and became its CEO.   2023 – Announced crypto payment attributes for X   2024 – Advocated for crypto-based financial infrastructure at global occasions.   2025 - Established the American Party after disagreements with President Trump.   NAsales@teslamotors.com EntrepreneurInvestorChief Executive Officer , who is a strong supporter of Dogecoin, and Donald Trump is expected to bring more money into the cryptocurrency market. Additionally, Musk’s X platform, which is set to launch X Payments in 2025, has already secured money transmitter licenses from over 30 U.S. states, paving the way for wider cryptocurrency adoption.

Watch for Rug Pulls!

Despite the excitement, Ju urges caution for memecoin traders. He warns that celebrity-driven projects often come with the risk of rug pulls, especially because many of these projects lack solid fundamentals. Given that most memecoins are speculative by nature, Ju stresses the need for careful research before investing in any new tokens.

“If a celebrity coin issuer avoids rug-pulling and takes responsibility for their sales, it’s not as harmful as you might think. Even Bitcoin had its fair share of pyramid scheme promoters in the early days, selling to elderly investors,” Ju added.

The memecoin craze may be riding high today, but as the market matures, investors will need to remain careful to find true long-term success.

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