$TRUMP – a new Solana meme coin linked to President-elect Donald Trump – suddenly exploded to $10 billion in market cap within a few hours of going live.
Marketed through Trump’s social media accounts, especially Truth Social and X, $TRUMP quickly went viral, garnering significant enthusiasm as the buzz around his imminent inauguration continues to captivate the broader crypto market.
My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
While it generated a bit of criticism, with some even calling it a potential rug pull, $TRUMP has been a standout performer since its debut, flipping the likes of Bonk, Dogwifhat, Pudgy Penguins, and Floki Inu to break into the top four list of the largest meme coins by market cap.
At the time of writing, the Solana meme coin is trading around $25, up by a whopping 11,000% from its debut price.
While its market cap has already dropped below the $6 billion mark, $TRUMP still remains the top crypto gainer over the past 24 hours.
Degen investors are buzzing over this strong performance though some still seek clarity on whether Trump actually promoted this project or his accounts were compromised.
Is $TRUMP the best Solana meme coin to buy now?
What is $TRUMP?
$TRUMP, according to its website (GetTrumpMemes), is inspired by the iconic “Fight, Fight, Fight” rallying statement made by Donald Trump during his life-threatening experience at a campaign in Pennsylvania on July 13, 2024.
It is described as a way through which supporters of the President-elect can engage with his political brand in the digital realm, especially as he warms up to champion the growth of cryptocurrencies in the United States.
$TRUMP’s announcement on Trump’s social media accounts first appeared on Truth Social, encouraging users to visit GetTrumpMemes to acquire the tokens. A similar message was eventually shared on his verified X account.
Promoted as the official Trump meme coin, these announcements have been met with plenty of skepticism, with some notable persons questioning the legitimacy of the project. There are also concerns as to whether Trump’s accounts have been compromised though no official retraction or clarification from his team yet.
here’s the $TRUMP distribution BEFORE launchnotice anything? 👀 pic.twitter.com/khKX9du9lA
— Bubblemaps (@bubblemaps) January 18, 2025
Another pronounced concern pointing to potential red flags with $TRUMP is its distribution before launch. Bubblemaps, a top-tier auditing tool for DeFi tokens and NFTs, revealed the allocation of 80% of its 1 billion total supply to creators, which further raises the pessimism around the project.
$TRUMP Price Prediction – Is The Solana Meme Coin A Good Investment?
In spite of the uncertainty around the genuinity of this project, many meme coin traders are buying the coin in droves. Per Dexscreener data, the TRUMP/USDC trading pair has witnessed not less than 78,960 buy orders over the past 24 hours, compared to only 20,530 sell orders.
Diving deeper, technical indicators on the 15-minute charts indicate that buyers are still exerting more pressure to gain bigger control over their seller counterparts. Nonetheless, the Relative Strength Index (RSI) is well above the mean level of 60, suggesting that the token is not yet overbought.
In terms of performance, the token’s price has seen a triple-digit increase in the last 24 hours, despite the noticeable downtrend in the broader market. The meteoric surge mirrors the strong influence of Donald Trump in the crypto space as well as the broader appeal of meme coins as investments that could generate significant returns within a short timeframe.
Meanwhile, with Trump’s inauguration barely a few hours away, $TRUMP could even witness a bigger buying frenzy that would potentially shoot its price above $30. However, this prediction is only plausible, provided there is no retraction from his team concerning the project.
In the event that Trump denies endorsing the project – which is not unlikely – it could dampen investors’ confidence in its potential and trigger massive selling pressure that could pull its price back below $1.
However, considering the controversy surrounding the launch model of $TRUMP and its unclarified connection with Donald Trump, investors might seek out upcoming meme coin listings like Wall Street Pepe and Flockerz – two brand-new projects that have been making headlines due to their novel unique value propositions and rapidly growing communities.
New Meme Coin Alternatives To $TRUMP – Wall Street Pepe & Flockerz
Wall Street Pepe (WEPE)
Thanks to its ruthless Wolf of Wall Street trading style, meme coin appeal, and impressive staking perks, Wall Street Pepe has been heating up the crypto space since landing on presale.
The project’s major highlight stems from its plan to take away the control of the market from the corrupt whales and return it to the people. Basically, Wall Street Pepe is bringing together a team of small yet ambitious traders who are ready to move the market and optimize their returns in the next bull run.
Members of the movement will enjoy exclusive access to elite market insights, strategies, and signals that can help them outtrade the whales.
An insider group, similar to the ones accessible to whales, will also be created so that members can share potential market opportunities before they become public knowledge.
Similarly, the project plans to organize trading competitions every week, where members can submit their successful trades for the purpose of earning big rewards. Another key attraction is its staking facility, which offers dynamic yet generous passive rewards.
The aforementioned aspects of the project have been fueling its demand, allowing it to raise over $50 million to date. With various projections suggesting a prolonged bull run in 2025, market analysts have identified WEPE as the next 100x gem.
Visit Wall Street Pepe
Flockerz (FLOCK)
With just a few days to the end of its viral presale, Flockerz has been making top headlines, with experts projecting between 10x to 50x post-launch gains for the token.
At its core, this hen-themed project plans to bring the full promise of decentralization to the meme coin space. Crowned the people’s meme coin – a title once held by Dogecoin – Flockerz’s major appeal lies in its Vote-to-Earn technique – Flocktopia DAO – specially developed to give a voice to the community.
This powerful solution will serve as a means through which members of the community can participate in decisions that could shape the future of the project, including future listings, use cases, partnerships, token burns, integrations, and more. In return, they get rewarded.
An additional highlight is the staking feature, which still offers an annual percentage yield of over 260% at press time. Flockerz’s VTE and staking rewards make participation in the project even more valuable and stimulate interest in the token.
With over $10.5 million already raised, experts are eyeing an explosive start for Flockerz when it eventually lands on exchanges in the coming days.
Visit Flockerz
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