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A brand new meme coin known as Official Trump ($TRUMP) skyrocketed to an eye-popping $21 billion absolutely diluted market cap inside hours of its debut at 2am UTC on Solana right now.
However with 80% of its provide locked, the crypto group is at odds over whether or not it’s a reliable venture or subtle rip-off.
At press time the token is up 2,386% at $18.086 with buying and selling quantity of $564 million. The TRUMP/SOL buying and selling pair has $7.6 million in liquidity.
Degens have aped into the brand new coin, however are little question poised to bail if the token proves to be a pretend.
If momentum continues to construct across the token as Individuals wake from their slumbers, the brand new $TRUMP coin’s worth may very simply hit $100 or extra within the run-up to the presidential inauguration on Monday.
In market capitalization phrases, $TRUMP may rapidly soar to a completely diluted $100 billion valuation.
A flurry of crypto-friendly government orders are anticipated from the White Home as quickly as subsequent week.
Social posts on official Donald Trump accounts have appeared to substantiate the legitimacy of the token, first on his Fact Social account after which on his X/Twitter official account.
My NEW Official Trump Meme is HERE! It’s time to have a good time all the things we stand for: WINNING! Be part of my very particular Trump Neighborhood. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Enjoyable! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
Then again, if the ‘Official Trump’ token is a rip-off, it would go down in crypto historical past as one of many largest and most subtle ever.
The gettrumpmemes.com web site states that the OFFICIAL TRUMP ($TRUMP) token is “the one official Trump meme”.
$TRUMP Meme Coin: Golden Alternative Or Subtle Rip-off?
The primary purple flags had been raised by the deployment contract, which, in response to one investigator, exhibits that the token was seeded with funds from Binance and Gate – exchanges that aren’t formally out there within the US.
Trump nonetheless might be going via a 3rd social gathering to create/handle. If that’s the case, he ought to use US exchanges. We now have good cash, the very best cash
— Conor (@jconorgrogan) January 18, 2025
Nonetheless, different crypto sleuths level to the similarities between the deployers of the assorted Trump-connected NFTs and this new token.
The $TRUMP developer’s choice for utilizing Heroku, an older cloud platform that initially made a reputation for itself by pioneering help for the Ruby on Rails internet utility framework language, matches with the method of the Trump NFT builders.
Others who’re suspicious level to studies that nobody at a crypto Inauguration ball held final evening knew concerning the new $TRUMP token.
NOBODY on the crypto ball owned $TRUMP and its $13 billion pic.twitter.com/ihGYNH1Mub
— Nick O’Neill (@chooserich) January 18, 2025
In the meantime, yet one more crypto sleuth notes that an organization named FIGHT FIGHT FIGHT, which options prominently in branding for the $TRUMP token, is registered in Delaware. Nonetheless, there isn’t a date proven within the screenshot for the supposed registration.
In the meantime, Elon Musk replied to an X publish from crypto influencer Mario Nawfal referencing the coin launch with fun emoji. Nawal reproduces a meme of Obama and Trump, with Trump saying “I purchased Greenland with a memecoin”:
😂
— Elon Musk (@elonmusk) January 18, 2025
Elsewhere there are some losers. MAGA coin, for example, just isn’t taking the most recent information nicely – holders are promoting off ferociously as they anticipate buying and selling quantity will gravitate to the brand new Official Trump token, detrimentally impacting different Trump-themed cash:
Official Trump ($TRUMP) Coin Options For Danger Diversification
These tempted to drop some bucks into Official Trump ($TRUMP) might wish to offset the danger by investing in another early-stage cash with equally big upside potential.
Solaxy ($SOLX) is the primary Solana Layer 2 and might be a wonderful option to acquire some alpha from Solana’s ahead march. As we see with Official Trump, Solana is the go-to blockchain for meme coin launches.
The curiosity across the new TRUMP coin has led to a ten% pop within the SOL worth – the coin is now buying and selling at a brand new native excessive of $232. Congestion on the community is again in proof as cash pours into $TRUMP. Solaxy’s Layer 2 goals to repair these kinds of issues. Solaxy has raised $11 million in presale and is presently priced at simply $0.001604.
MIND of Pepe ($MIND) token is simply out of the gate with its ICO, and has raised $2.1 million in little greater than two days for its AI agent token – it’s the first AI agent to focus on the Pepe model. $MIND is priced at $0.0031509.
Lastly, staying with the Pepe theme, Wall Avenue Pepe ($WEPE) token has raised $51 million for its alpha buying and selling ecosystem, which is able to allow odd retail traders to tackle the whales and win. There are lower than 29 days to go earlier than this big presale ends.
Go to the Greatest Pockets app’s ‘Upcoming Tokens’ function to get in on the bottom ground of cash with the potential to blow up. And by the way in which, Greatest Pockets ($BEST) token can be in presale.
You should purchase all the aforementioned presale cash within the new Web3 crypto pockets Greatest Pockets. For those who don’t have already got Greatest Pockets, it may be downloaded from Google Play or the Apple App Retailer.
Latest Meme Coin ICO – Wall Avenue Pepe
- Audited By Coinsult
- Early Entry Presale Spherical
- Personal Buying and selling Alpha For $WEPE Military
- Staking Pool – Excessive Dynamic APY
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