The inauguration of Donald Trump in 2025 drew significant attention, not just from politicians but also from cryptocurrency traders. The market impact was complex.
Crypto Market Reaction to the Inauguration
The inauguration was accompanied by the launch of TRUMP and MELANIA meme coins, causing wild speculation in derivative markets. However, the expected changes in cryptocurrency policies did not materialize, leading to decreased implied volatility and increased actual volatility.
Significance for Solana and Meme Coins
In anticipation of crypto-friendly regulations, the release of meme coins caused a surge on Solana, where perpetual swaps reached record levels. It positioned Solana as a high-yield network, comparable with competing platforms.
Derivatives Market Analysis
Regardless of expectations regarding cryptocurrency policy, derivatives markets demonstrated resilience: open interest remained steady, and perpetual swap financing was neutral to optimistic. Investors continue to speculate on BTC options, impacting their pricing.
The impact of Trump's inauguration on cryptocurrency markets was multifaceted, combining political uncertainty with expectations from cryptocurrencies. This led to significant movements in derivatives markets and strengthened Solana's position.
