New TRUMP Meme Coin Might 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 the moment 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 doubt poised to bail if the token proves to be a faux.

If momentum continues to construct across the token as People 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 govt orders are anticipated from the White Home as quickly as subsequent week.

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

Social posts on official Donald Trump accounts have appeared to verify 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 should go down in crypto historical past as one of many largest 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 had been raised by the deployment contract, which, in line with one investigator, reveals that the token was seeded with funds from Binance and Gate – exchanges that aren’t formally accessible within the US.

Nevertheless, 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 assist for the Ruby on Rails net software 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 concerning 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. Nevertheless, there isn’t a 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 true deal, through which case count on billions of {dollars} to stream into the buying and selling pair.

Elsewhere there are some losers. MAGA coin, as an illustration, will not 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) might need to offset the danger by investing in another early-stage cash with equally big upside potential.

Solaxy ($SOLX) is the primary Solana Layer 2 and might be a superb approach to acquire 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 present 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 is able to allow unusual retail buyers to tackle the whales and win. There are lower than 29 days to go earlier than this large presale ends.

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

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

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