Investing.com -- Shares of Trump Media & Technology Group (DJT) dropped over 6% to $37.47 following Donald Trump's inauguration as the 47th president of the United States.
Despite today’s decline, the stock remains up 16.6% year-to-date and has surged over 65.6% in the past 12 months.
Trump was sworn in on Monday alongside Vice President JD Vance, one of the youngest in U.S. history.
In his inaugural speech, Trump reiterated themes from his earlier presidency, emphasizing strict border and immigration policies and promising a return to American greatness.
Following the inauguration, Trump addressed supporters at Capital One (NYSE:COF) Arena, delivering remarks similar to his campaign rallies.
He signed several executive orders, including rescinding Biden-era policies, declaring a national emergency at the southern border, ending birthright citizenship, and delaying the TikTok ban.
The day’s events also saw significant volatility in the TRUMP token. It gained on Monday but has fallen over 29% in the last 24 hours, according to data from CoinGecko.
Additionally, a meme token launched by First Lady Melania Trump has tumbled 51% in a single day.