Memecoins TRUMP and MELANIA have experienced significant declines in 2025, with MELANIA dropping 96% to $0.11 and TRUMP falling 78% to $5.70. This downturn comes as the broader memecoin sector saw an average loss of 58%, driven by a shift in investor interest towards privacy coins like Zcash, which surged 192%. Futures market open interest for TRUMP and MELANIA also decreased sharply, with reductions of 78% and 90%, respectively, indicating a decline in speculative activity. Despite these losses, TRUMP still maintains a base of over 600,000 holders, suggesting some level of long-term support remains.