Should You Buy the Trump Memecoin Now?
President-elect Donald Trump reportedly launched a new Solana-based memecoin during early Asian trading today. It’s worth noting that the launch of the coin came as a surprise, with no details previously released. A new Trump meme coin has made its debut on the market, just three days before he is sworn in for a second term in the White House.
As a result, the meme coin’s social trend skyrocketed. Additionally, the cryptocurrency community fled the internet with questions like “How to buy Trumpcoin?” and “Where can I buy Trumpcoin?” In this article, we will reveal the token economics and fundamentals of the latest popular Solana-based memecoin.
Donald Trump makes it official!
After the news broke, traders immediately piled up Trump coins. This resulted in memecoin experiencing hundreds of millions of dollars worth of trading volume in its first few hours. While some speculated this was a red flag, Trump’s “X” and “Truth Social” posts removed all doubt and it appears this is a legitimate Trump meme token offering.
The release confirmation immediately expressed excitement, confusion, and skepticism in the cryptocurrency space. The main reason is a common feature of many celebrity meme coin scams that have appeared on the market recently.
Top Trump Token Holders!
The latest market value of Trump Coin has reached $4.15 billion. The meme token has a 24-hour trading volume of $3.31 billion and has surged more than 185% from its all-time low (ATL) of $6.24. This places it at 41st place in the global cryptocurrency rankings.
According to the latest report, the top 5 holders collectively account for 85.71% of the total supply. Additionally, the largest account holds 80% of the supply, worth approximately $10.68 billion. The comprehensive valuation of 85.71% is as high as US$11.444 billion.
How high will the price of Trump go?
Considering the current market sentiment and token economics of the project, it is currently receiving market attention and is being closely watched by top marketers. Fundamental updates and white paper releases may push the price of the Trump meme coin higher in the future.
However, promotional strategies or pump-and-sell schemes cannot be obscured as the cryptocurrency market has witnessed many such incidents over the past few years. This situation may push the price towards new ATL within a short period of time.
FAQ
Trump memecoin can be purchased by exchanging RAY and JUP tokens on the Solana chain.
Trump is a newly launched Solana-based meme coin backed by President-elect Donald Trump. It attracted a lot of attention due to its unexpected launch and price increase of more than 185%.
It’s too early to predict the reliability of memecoins. Investors are advised to await the release of the white paper and other noteworthy updates.
