A recent study has found a positive correlation between the prices of TRUMP and MELANIA memecoins and President Donald Trump's approval ratings. Conducted by a high school student and professors from Yale University and the University of Florida, the research suggests that these memecoins, launched just before Trump's January inauguration, reflect political sentiment. The study tracked Trump's approval ratings during key events in his second term, noting that while TRUMP and MELANIA showed a positive correlation with approval ratings, other cryptocurrencies like Bitcoin and Ether did not. The researchers highlighted that while the memecoins' prices correlate with approval ratings, this does not necessarily translate to price increases. They noted that a high price level could still show a positive correlation even if returns are negative. The study's authors cautioned that their findings are preliminary, given the memecoins' short circulation period of about 10 months.