New TRUMP Meme Coin May hit $100 Billion Market Cap By Inauguration Day, However is It For Actual?

A coin named Official Trump ($TRUMP) launched on Solana at 2am UTC at present and has rocketed to a completely diluted market capitalization of $18 billion, though 80% of provide is locked, so is it a 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 value might very simply hit $100 or extra within the run-up to the presidential inauguration on Monday.

A flurry of crypto-friendly government orders are anticipated from the White Home as quickly as subsequent week.

In market capitalization phrases, $TRUMP might shortly soar to a completely diluted $100 billion valuation.

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.

Then again, if the ‘Official Trump’ token is a rip-off, it’s going to go down in crypto historical past as one of many greatest and most refined ever.

The gettrumpmemes.com web site states that the OFFICIAL TRUMP ($TRUMP) token is “the one official Trump meme”.

$TRUMP meme coin crimson flags or the chance of a lifetime?

The primary crimson flags for the $TRUMP meme coin have been raised by the deployment contract, which, based on one investigator, reveals that the token was seeded with funds from Binance and Gate – exchanges that aren’t formally out there within the US.

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 stories that nobody at a crypto Inauguration ball held final evening knew in regards to the new $TRUMP token.

In the meantime, 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 any date proven within the screenshot for the supposed registration.

In the meantime, Elon Musk replied to an X put up 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”:

Will you be a winner or a loser from the brand new $TRUMP token?

The longer the Trump social posts keep up, the likelier it’s that the coin is the actual deal, by which case count on billions of {dollars} to movement into the buying and selling pair.

Elsewhere there are some losers. MAGA coin, for example, shouldn’t be 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 alternate options to diversify your threat

These tempted to drop some bucks into Official Trump ($TRUMP) could wish to offset the chance by investing in another early-stage cash with equally large upside potential.

Solaxy ($SOLX) is the primary Solana Layer 2 and may very well be a wonderful solution to achieve 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 value – 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 at the moment 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 Road Pepe ($WEPE) token has raised $51 million for its alpha buying and selling ecosystem, which can allow abnormal retail traders to tackle the whales and win. There are lower than 29 days to go earlier than this big presale ends.

Go the Finest Pockets app’s ‘Upcoming Tokens’ characteristic to get in on the bottom ground of cash with the potential to blow up. And by the best way, Finest Pockets ($BEST) token can also be in presale.

You should purchase all the aforementioned presale cash within the new Web3 crypto pockets Finest Pockets. For those who don;t have already got Finest Pockets, it may be downloaded from Google Play or the Apple App Retailer.

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