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The $Trump coin dominated crypto market buying and selling over the weekend because it exploded forward of Donald Trump’s inauguration as president right this moment.
GeckoTerminal knowledge exhibits that Official Trump ($TRUMP) skyrocketed from a gap worth of $0.18 on Jan. 18 to commerce at $60.50 at 12:54 a.m. EST to turn out to be the third-largest meme coin after Dogecoin and Shiba Inu, pushing Pepe into fourth place.
Within the final 24 hours, the TRUMP coin has gained one other 28% to achieve a market capitalization of $11.7 billion.
You had been proper in case you thought the smashing success of $TRUMP would make Trump grasping.
He tried to double down with a $MELANIA, however the market thinks it’s a type of dilution and assumes/fears that Trump has tons of different cash within the wings to return. https://t.co/t8AvVLZ0I3
— Jim Bianco (@biancoresearch) January 19, 2025
Simply as markets had been settling down after the shock of the $TRUMP coin launch, the Official Melania Meme ($MELANIA) token exploded onto the market, initially triggering an enormous $TRUMP selloff.
The brand new MELANIA meme coin was capable of attain a market cap of $6 billion simply two hours after it launched. Its valuation has since dropped to round $1.75 billion, however the meme coin is nonetheless up greater than 19,400% to commerce at $10.35.
Bianco Analysis president Jim Bianco stated in a Jan. 19 X put up that the drop within the TRUMP worth was because of the market fearing dilution and the belief that Trump will launch “tons of different cash” in coming weeks.
So, which different tokens ought to traders deal with subsequent on condition that Eric Trump is predicting the crypto market is headed ”to the moon.”
To the moon! 🚀🚀 #Bitcoin @WorldLibertyFi @saylor @DavidSacks pic.twitter.com/QTiHWiXckX
— Eric Trump (@EricTrump) January 20, 2025
Whales Are Shopping for These Meme Cash
It’s not solely $TRUMP-linked meme cash which might be attracting the eye of traders in search of to capitalize on the surging meme coin market.
Certainly, there’s been notable whale exercise not too long ago in quite a lot of rising meme cash, with the blockbuster $53 million Wall Road Pepe (WEPE) presale and the soon-to-launch Flockerz (FLOCK) amongst these being endorsed by big whale buys.
Wall Road Pepe
On-chain knowledge exhibits an investor spent 65 Ethereum (ETH), value over $213.7K at present costs, to purchase the brand new Pepe by-product token Wall Road Pepe. To this point, the meme coin has raised greater than $53 million in what’s by a large margin the standout presale of the yr.
The mission goals to empower retail merchants to tackle crypto whales and that’s resonated with traders who wish to acquire an edge within the unstable digital asset market.
The mission not too long ago put a timer on its web site that exhibits there are actually simply over 27 days left till the mission’s presale involves an finish.
Flockerz
Whales are additionally pouncing on Flockerz, an revolutionary meme coin that provides a singular vote-to-earn mechanism that rewards token holders merely for voting on the mission’s key choices.
Information from blockchain explorer Etherscan exhibits that two whales executed over $225K and $75.2K purchases not too long ago. These buys have helped pushed the mission’s complete presale elevate to greater than $11.2 million.
The Flock is making it rain in Flocktopia!!! 🤑
11M Raised! 🐦🔥 pic.twitter.com/jxZwROeS5W
— Flockerz (@FlockerzToken) January 19, 2025
Not like lots of the meme cash that got here earlier than it, FLOCK is a very decentralized mission that leaves the destiny of its future within the palms of its neighborhood.
The mission’s presale is in its remaining levels, and whales appear decided to scoop up as a lot FLOCK as they will earlier than the meme coin’s highly-anticipated launch and trade itemizing in simply over 2 days.
Different Tokens Poised To Capitalize On $TRUMP Momentum
With the hype round Solana tokens after $TRUMP coin listed on the SOL community, it’s no surprise the primary layer-2 scaling mission centered on Solana is doing so effectively.
Solaxy (SOLX), with its native layer-2 chain, goals to scale back the congestion on the Solana community.
The TRUMP launch led to an enormous spike in transactions on the Solana community. Native SOL pockets Phantom Pockets stated in Jan. 20 X put up that it skilled a “large surge” of greater than 8 million requests per minute, and is presently engaged on an answer to stabilize the platform.
We’re presently experiencing an enormous surge of 8,000,000+ requests per minute. Whereas we work to stabilize our platform, transactions could have bother going via on the primary strive.
We admire your endurance 🙏
— Phantom (@phantom) January 19, 2025
Comparable incidents to the Phantom Pockets downtime are more likely to occur inside the Solana ecosystem in 2025, particularly as a consequence of rising anticipation of a meme coin supercycle this yr.
As such, Solaxy (SOLX) is completely positioned to realize traction out there because it assists the Solana community in attaining larger effectivity.
Thoughts Of Pepe
It could be remiss to not additionally point out Thoughts of Pepe (MIND), an AI agent crypto that comes with Pepe the Frog branding, after its explosive launch final week.
The mission’s presale has blasted previous $2.5 million raised in lower than every week after raking in practically $1 million in simply its first 24 hours after going reside.
99Bitcoins, a well-liked crypto channel on YouTube with over 721k subscribers, says MIND has the potential to soar 20X on launch.
MIND introduces a robust AI agent that connects to social platforms comparable to X and makes use of hive mentality evaluation to establish growing traits within the crypto area.
The insights this agent gathers are then shared with the mission’s neighborhood via token-gated teams.
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