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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 value of $0.18 on Jan. 18 to commerce at $60.50 at 12:54 a.m. EST to grow 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 succeed in a market capitalization of $11.7 billion.
You had been proper when 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 come back. 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 mentioned in a Jan. 19 X submit that the drop within the TRUMP value 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 are 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 a lot of rising meme cash, with the blockbuster $53 million Wall Avenue Pepe (WEPE) presale and the soon-to-launch Flockerz (FLOCK) amongst these being endorsed by enormous whale buys.
Wall Avenue Pepe
On-chain knowledge exhibits an investor spent 65 Ethereum (ETH), value over $213.7K at present costs, to purchase the brand new Pepe spinoff token Wall Avenue Pepe. Thus far, the meme coin has raised greater than $53 million in what’s by a large margin the standout presale of the 12 months.
The venture 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 venture not too long ago put a timer on its web site that exhibits there at the moment are simply over 27 days left till the venture’s presale involves an finish.
Flockerz
Whales are additionally pouncing on Flockerz, an modern meme coin that gives a novel vote-to-earn mechanism that rewards token holders merely for voting on the venture’s key selections.
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 venture’s whole presale increase 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
In contrast to lots of the meme cash that got here earlier than it, FLOCK is a really decentralized venture that leaves the destiny of its future within the fingers of its neighborhood.
The venture’s presale is in its remaining phases, and whales appear decided to scoop up as a lot FLOCK as they will earlier than the meme coin’s highly-anticipated launch and change 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 marvel the primary layer-2 scaling venture centered on Solana is doing so properly.
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 mentioned in Jan. 20 X submit that it skilled a “huge surge” of greater than 8 million requests per minute, and is at present engaged on an answer to stabilize the platform.
We’re at present experiencing an enormous surge of 8,000,000+ requests per minute. Whereas we work to stabilize our platform, transactions could have hassle going by on the primary attempt.
We admire your persistence 🙏
— Phantom (@phantom) January 19, 2025
Comparable incidents to the Phantom Pockets downtime are prone to occur inside the Solana ecosystem in 2025, particularly as a consequence of rising anticipation of a meme coin supercycle this 12 months.
As such, Solaxy (SOLX) is completely positioned to achieve traction available in the market because it assists the Solana community in reaching larger effectivity.
Thoughts Of Pepe
It may 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 venture’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 dwell.
99Bitcoins, a preferred crypto channel on YouTube with over 721k subscribers, says MIND has the potential to soar 20X on launch.
MIND introduces a strong AI agent that connects to social platforms akin to X and makes use of hive mentality evaluation to determine creating tendencies within the crypto house.
The insights this agent gathers are then shared with the venture’s neighborhood by token-gated teams.
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