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A new meme coin called Official Trump ($TRUMP) skyrocketed to an eye-popping $21 billion fully diluted market cap within hours of its debut at 2am UTC on Solana today.
But with 80% of its supply locked, the crypto community is at odds over whether it’s a legitimate project or sophisticated scam.
At press time the token is up 2,386% at $18.086 with trading volume of $564 million. The TRUMP/SOL trading pair has $7.6 million in liquidity.
Degens have aped into the new coin, but are no doubt poised to bail if the token proves to be a fake.
If momentum continues to build around the token as Americans wake from their slumbers, the new $TRUMP coin’s price could very easily hit $100 or more in the run-up to the presidential inauguration on Monday.
In market capitalization terms, $TRUMP could quickly soar to a fully diluted $100 billion valuation.
A flurry of crypto-friendly executive orders are expected from the White House as soon as next week.
Social posts on official Donald Trump accounts have seemed to confirm the legitimacy of the token, first on his Truth Social account and then on his X/Twitter official account.
My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
The gettrumpmemes.com website states that the OFFICIAL TRUMP ($TRUMP) token is “the only official Trump meme”.
$TRUMP Meme Coin: Golden Opportunity Or Sophisticated Scam?
The first red flags were raised by the deployment contract, which, according to one investigator, shows that the token was seeded with funds from Binance and Gate – exchanges that are not officially available in the US.
Trump still could be going through a third party to create/manage. If so, he should use US exchanges. We have good coins, the best coins
— Conor (@jconorgrogan) January 18, 2025
The $TRUMP developer’s preference for using Heroku, an older cloud platform that originally made a name for itself by pioneering support for the Ruby on Rails web application framework language, matches with the approach of the Trump NFT developers.
Others who are suspicious point to reports that no one at a crypto Inauguration ball held last night knew about the new $TRUMP token.
NOBODY at the crypto ball owned $TRUMP and its $13 billion pic.twitter.com/ihGYNH1Mub
— Nick O’Neill (@chooserich) January 18, 2025
Meanwhile, Elon Musk replied to an X post from crypto influencer Mario Nawfal referencing the coin launch with a laugh emoji. Nawal reproduces a meme of Obama and Trump, with Trump saying “I bought Greenland with a memecoin”:
😂
— Elon Musk (@elonmusk) January 18, 2025
Elsewhere there are some losers. MAGA coin, for instance, is not taking the latest news well – holders are selling off ferociously as they anticipate trading volume will gravitate to the new Official Trump token, detrimentally impacting other Trump-themed coins:
Official Trump ($TRUMP) Coin Alternatives For Risk Diversification
Those tempted to drop some bucks into Official Trump ($TRUMP) may want to offset the risk by investing in some other early-stage coins with similarly huge upside potential.
Solaxy ($SOLX) is the first Solana Layer 2 and could be an excellent way to gain some alpha from Solana’s forward march. As we see with Official Trump, Solana is the go-to blockchain for meme coin launches.
The interest around the new TRUMP coin has led to a 10% pop in the SOL price – the coin is now trading at a new local high of $232. Congestion on the network is back in evidence as money pours into $TRUMP. Solaxy’s Layer 2 aims to fix those sorts of problems. Solaxy has raised $11 million in presale and is currently priced at just $0.001604.
MIND of Pepe ($MIND) token is just out of the gate with its ICO, and has raised $2.1 million in little more than two days for its AI agent token – it is the first AI agent to target the Pepe brand. $MIND is priced at $0.0031509.
Finally, staying with the Pepe theme, Wall Street Pepe ($WEPE) token has raised $51 million for its alpha trading ecosystem, which will enable ordinary retail investors to take on the whales and win. There are less than 29 days to go before this giant presale ends.
Go to the Best Wallet app’s ‘Upcoming Tokens’ feature to get in on the ground floor of coins with the potential to explode. And by the way, Best Wallet ($BEST) token is also in presale.
You can buy all of the aforementioned presale coins in the new Web3 crypto wallet Best Wallet. If you don’t already have Best Wallet, it can be downloaded from Google Play or the Apple App Store.
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
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