Why Did Meme Coins Just Take a Nose Dive? You Won’t Believe the Answer! 🤯

In a shocking twist of cosmic irony, meme coins like TRUMP and MELANIA have decided to take a nosedive post-inauguration, while other sectors are doing their best impression of a tortoise in a marathon—slow but steady gains. 🐢💰

According to the ever-reliable oracle known as SoSoValue, most segments of the crypto market have experienced a modest pullback since Donald Trump assumed office on January 20. However, the meme coin sector has taken a dramatic plunge, dropping by approximately 15% as of this writing on January 21. It’s almost as if the coins were trying to escape the gravitational pull of reality. 🚀💸

Among the meme coins, the illustrious Official Trump (TRUMP) has suffered a steep decline of nearly 40%. Meanwhile, Melania Meme (MELANIA) has plummeted by over 66% in the past 24 hours, which is quite the achievement if you’re aiming for the bottom of the barrel. 🥴

DeFi and DeFAI Leap Up Like a Cat on a Hot Tin Roof

Despite the broader market fluctuations that resemble a rollercoaster designed by a particularly sadistic engineer, the DeFi and DeFAI sectors have remained resilient, posting notable gains. It’s almost as if they’ve taken a secret potion of optimism. 🍀

Leading the charge in the DeFi sector is Raydium (RAY), which has managed a 24-hour increase of nearly 12%, reaching a price of $7.46. This is a remarkable feat, considering the overall DeFi sector has experienced a slight pullback, declining 0.5% to $121 billion. It’s like watching a brave little toaster trying to toast bread in a rainstorm. 🍞⚡

Meanwhile, the DeFAI sector, which is a delightful concoction of DeFi and 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. It’s like watching two overachieving students in a class of slackers. 🎓📈

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2025-01-21 11:10