The TRUMP Memecoin quickly gained popularity following its debut on January 17, 2025. Donald Trump, who was then President-elect, announced the token’s launch on his social media accounts, sparking a price surge. Early investors profited significantly from their investments in the token as the value of TRUMP soared by an astounding 3000% within just 20 hours. It’s worth noting that the Pepe Coin’s launch also caused a stir, igniting excitement throughout the meme coin market.
TRUMP Becomes 4th Biggest Memecoin Within A Day
The launch of Solana was significantly amplified when it was linked to TRUMP, attracting considerable interest. However, TRUMP’s subsequent announcement about Truth and X sent the hype soaring even higher. Numerous analysts and investors endorsed the token, labeling it as a promising venture. Consequently, the price of the TRUMP crypto coin skyrocketed by over 3000%, climbing from $0.7 to $21.7 in just 20 hours. Now, it stands as the fourth largest meme-themed cryptocurrency, following Dogecoin, Shiba Inu, and PEPE.
Currently, the popular Solana meme coin is being traded at around $21.7, having briefly reached a new all-time high of $24.50. This surge has also resulted in a market capitalization of approximately $4.3 billion and a trading volume of over $5.16 billion according to CoinmarketCap, indicating strong demand for this cryptocurrency. At present, it ranks as the 4th largest meme coin and the 32nd largest cryptocurrency overall in the market.
Investors are fueling interest for the Trump-themed meme token, with Anthony Pompliano, head of Professional Capital Management, urging the crypto world to prepare for more developments. Early reports show the Trump coin’s market cap reached a staggering $7.5 billion, and a further surge to $8 million would catapult it into third place among meme-themed cryptocurrencies, overtaking Pepe Coin.
TRUMP Challenge Pepe Coin For Third Spot
As a crypto investor in 2023, I found myself captivated by the explosive entry of Pepe Coin into the market. This frog-themed meme coin mirrored the frenzy of the TRUMP memecoin, quickly establishing itself as a dominant force within the crypto sphere. In just a matter of days, the PEPE price skyrocketed from an almost negligible $0.00000000001898 to a more substantial $0.000000378, leaving an indelible impression and sparking unyielding interest among investors.
The growth and positive trends didn’t stop in 2024; the token achieved numerous record highs, positioning it as one of the most promising meme coins. It reached its highest point in December 2024, peaking at $0.00002825, but has since shrunk by 33%, now trading at $0.00001888 with a market cap of $7.94B and daily trading volume of $1.62B.
Similar to these waves of decline, the value of these tokens has experienced a significant drop as traders cashed out their holdings, taking profits. This trend is also being predicted for the TRUMP cryptocurrency coin. The uncertainty surrounding its authenticity and whether Donald TRUMP actually launched this meme-based currency is causing concern. Despite this, numerous traders have managed to amass millions from small investments, earning extraordinary returns with this token. Given its impressive performance, it’s proving tough for PEPE to hold on to the third spot.
Can TRUMP Memecoin Overtake Pepe Coin Next?
Given President-elect Trump’s market buzz and the association with him, it’s reasonable to expect that this Donald Trump crypto coin will carry on its upward trajectory. However, there might be periods of consolidation due to questions about its authenticity, sustainability, and credibility. Yet, following a 3000% increase in just 20 hours, it has clearly made an impact in the market.
If the enthusiasm and interest for the TRUMP memecoin persists, it could potentially surpass Pepe Coin, claiming the third spot among cryptocurrencies. However, Pepe Coin is also making significant strides in the market, bolstered by Binance‘s support, making for a challenging competition. For the TRUMP coin price to reach $40 and overtake Pepe Coin with an $8B market cap, it requires sustained growth, strong community faith, and favorable market circumstances.
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2025-01-18 16:44