Join Our Telegram channel to stay up to date on breaking news coverage
The $Trump coin dominated crypto market trading over the weekend as it exploded ahead of Donald Trump’s inauguration as president today.
GeckoTerminal data shows that Official Trump ($TRUMP) skyrocketed from an opening price of $0.18 on Jan. 18 to trade at $60.50 at 12:54 a.m. EST to become the third-largest meme coin after Dogecoin and Shiba Inu, pushing Pepe into fourth place.
In the last 24 hours, the TRUMP coin has gained another 28% to reach a market capitalization of $11.7 billion.
You were right if you thought the smashing success of $TRUMP would make Trump greedy.
He tried to double down with a $MELANIA, but the market thinks it is a form of dilution and assumes/fears that Trump has tons of other coins in the wings to come. https://t.co/t8AvVLZ0I3
— Jim Bianco (@biancoresearch) January 19, 2025
Just as markets were settling down after the shock of the $TRUMP coin launch, the Official Melania Meme ($MELANIA) token exploded onto the market, initially triggering a massive $TRUMP selloff.
The new MELANIA meme coin was able to reach a market cap of $6 billion just two hours after it launched. Its valuation has since dropped to around $1.75 billion, but the meme coin is still up more than 19,400% to trade at $10.35.
Bianco Research president Jim Bianco said in a Jan. 19 X post that the drop in the TRUMP price was due to the market fearing dilution and the assumption that Trump will launch “tons of other coins” in coming weeks.
So, which other tokens should investors focus on next given 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 Buying These Meme Coins
It’s not only $TRUMP-linked meme coins that are attracting the attention of investors seeking to capitalize on the surging meme coin market.
Indeed, there’s been notable whale activity recently in a number of emerging meme coins, with the blockbuster $53 million Wall Street Pepe (WEPE) presale and the soon-to-launch Flockerz (FLOCK) among those being endorsed by huge whale buys.
Wall Street Pepe
On-chain data shows an investor spent 65 Ethereum (ETH), worth over $213.7K at current prices, to buy the new Pepe derivative token Wall Street Pepe. So far, the meme coin has raised more than $53 million in what is by a wide margin the standout presale of the year.
The project aims to empower retail traders to take on crypto whales and that’s resonated with investors who want to gain an edge in the volatile digital asset market.
The project recently put a timer on its website that shows there are now just over 27 days left until the project’s presale comes to an end.
Flockerz
Whales are also pouncing on Flockerz, an innovative meme coin that offers a unique vote-to-earn mechanism that rewards token holders simply for voting on the project’s key decisions.
Data from blockchain explorer Etherscan shows that two whales executed over $225K and $75.2K purchases recently. These buys have helped pushed the project’s total presale raise to more than $11.2 million.
The Flock is making it rain in Flocktopia!!! 🤑
11M Raised! 🐦🔥 pic.twitter.com/jxZwROeS5W
— Flockerz (@FlockerzToken) January 19, 2025
Unlike many of the meme coins that came before it, FLOCK is a truly decentralized project that leaves the fate of its future in the hands of its community.
The project’s presale is in its final stages, and whales seem determined to scoop up as much FLOCK as they can before the meme coin’s highly-anticipated launch and exchange listing in just over 2 days.
Other Tokens Poised To Capitalize On $TRUMP Momentum
With the hype around Solana tokens after $TRUMP coin listed on the SOL network, it’s no wonder the first layer-2 scaling project focused on Solana is doing so well.
Solaxy (SOLX), with its native layer-2 chain, aims to reduce the congestion on the Solana network.
The TRUMP launch led to a huge spike in transactions on the Solana network. Native SOL wallet Phantom Wallet said in Jan. 20 X post that it experienced a “massive surge” of more than 8 million requests per minute, and is currently working on a solution to stabilize the platform.
We’re currently experiencing a massive surge of 8,000,000+ requests per minute. While we work to stabilize our platform, transactions may have trouble going through on the first try.
We appreciate your patience 🙏
— Phantom (@phantom) January 19, 2025
Similar incidents to the Phantom Wallet downtime are likely to happen within the Solana ecosystem in 2025, especially due to growing anticipation of a meme coin supercycle this year.
As such, Solaxy (SOLX) is perfectly positioned to gain traction in the market as it assists the Solana network in achieving greater efficiency.
Mind Of Pepe
It might be remiss not to also mention Mind of Pepe (MIND), an AI agent crypto that comes with Pepe the Frog branding, after its explosive launch last week.
The project’s presale has blasted past $2.5 million raised in less than a week after raking in nearly $1 million in just its first 24 hours after going live.
99Bitcoins, a popular crypto channel on YouTube with over 721k subscribers, says MIND has the potential to soar 20X on launch.
MIND introduces a powerful AI agent that connects to social platforms such as X and uses hive mentality analysis to identify developing trends in the crypto space.
The insights this agent gathers are then shared with the project’s community through token-gated groups.
Related Articles:
Newest Meme Coin ICO – Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool – High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
Credit: Source link