Most of the major cryptocurrencies are in the green Friday morning, including Bitcoin and Dogecoin, but Trump's Solana token sits in the red.

Billions have already been wiped from the value of the latest cryptocurrencies, with experts warning of more volatility

TRUMP and $MELANIA are currently ranking at 21 and 84 with a market cap of $8 billion and $1 billion, respectively, as of writing on CoinMarketCap. The shift from an anti-crypto to a pro-crypto U.S. government has transformed the crypto market in ways unpredicted.

Anthony Pompliano, founder and CEO of Professional Capital Management, discussed the rise of branded “meme coins” like those tied to Donald and Melania Trump.

Donald and Melania Trump's respective tokens have stolen the spotlight from Dogecoin and other long-running meme coins.

Meme coins, which often start as jokes with no real value, are volatile cryptocurrencies that can skyrocket in price if enough people are willing to buy them.

After skyrocketing over the weekend, the the TRUMP and MELANIA meme coins came crashing a day after President Donald Trump took office.

Just days ahead of his return to the White House, President Trump and his wife, Melania, launched a pair of meme coins that have skyrocketed in value and earned them billions of dollars, at least on paper.

But by associating himself so closely with meme coins, some crypto fans worry that Trump hurts his ability to enact reforms