- TRUMP remained in the top 5 memecoins, fueling FOMO-driven surges.
- The recent 8% jump above $17 showcased its potential for fast, explosive gains.
Just as with the broader market, the ongoing de-risking hasn’t spared memecoins, and Official Trump [TRUMP] is no exception.
With volume down 26%, that recent 8% single-day gain might just be another flash in the pan.
So, is HODLing less logical now, or are investors betting on a market rebound and hoping the memecoin has more to offer in the near term?
Beyond just hype
Once riding high with a $15 billion market cap, TRUMP has now plummeted to just $3.40 billion.
The hype that powered its rise is gone, and its trading volume has dropped from $50 billion to only $1 billion. Thus, a comeback to its former highs seems far off for now.
However, TRUMP still holds a spot in the top 5 memecoins, making it a target for FOMO-driven surges. A recent 8% jump in the last 24 hours, pushing the memecoin back above $17, is a clear example of this potential.
Source: CoinMarketCap
So, beyond the hype, TRUMP’s growing appeal as a “high-risk, high-reward” asset positions it strongly. For savvy investors, it’s still a prime target for quick returns.
Take one wallet, for example: it dropped 1.6M USDC on 95,657 TRUMP at $16.71 and turned a cool $100K profit in just a day.
Sure, TRUMP’s early gains have faded, but its ability to make big moves keeps it on the radar for those eyeing fast returns.
So, is TRUMP the next big thing?
Beyond the usual hype and high-risk allure, AMBCrypto has found something that could set TRUMP apart from its memecoin competitors.
Take a look at the “circulating supply” – TRUMP has just 200 million coins in circulation, a staggering 73,900% less than Dogecoin’s 148 billion.
Source: CoinMarketCap
This scarcity, coupled with the FOMO-fueled demand, gives TRUMP a potential edge in the long run, possibly positioning it to challenge the top dogs in the industry.
Realistic or not, here’s TRUMP’s market cap in BTC’s terms
To match Dogecoin’s market cap, TRUMP would need a 10x surge, pushing its price to around $180. Sounds far-fetched? Maybe, but considering TRUMP’s recent 160%+ rally in just two months, the momentum is there.
As 2025 shapes up to be the “Trump” year, with big regulatory changes in play and Dogecoin struggling with its unlimited supply, TRUMP’s time might just be coming. Keep a close eye on this one.
