As the market prepares for his inauguration scheduled for Monday, Donald Trump announces the launch of his official memecoin. How high can Solana’s memecoin go?
Donald Trump lance son memecoin officiel
During the night from Saturday to Sunday, the future president of the USA Donald Trump announced the launch of its official memecoin.
“Trump memes are intended to function as an expression of support and commitment to the ideals and beliefs embodied in the “$TRUMP” symbol,” is it written on the official website.
Although part of the community believed in the hack of the future president’s X account, it seems that Donald Trump did indeed launch his memecoin on the Solana blockchain. Indeed, the company Bubblemaps confirmed that the on-chain data corresponded to the tokenomics exposed on the site.
In total, 80% of tokens are held by Trump and are blocked for more than a year. However, Bubblemaps warns: the wallet containing 80% is still not blocked.
So how high can the TRUMP token go?
The memecoin that can change everything?
First of all, the fact that Donald Trump chose the Solana blockchain to launch his memecoin is not insignificant. This is a strong signal sent to competitors and in particular Ethereum. As a result, SOL is outperforming the entire market and has increased by more than 9% since the news.
On the other hand, the entire market is experiencing the short retracement of Bitcoin at 102 000 dollars. Additionally, memecoins are undergoing the TRUMP launch. With more than 3 billion market capitalization and over $1.8 billion in volume, the TRUMP token is attracting all the liquidity.
According to trader MacnBTC, the TRUMP token could continue to rise until Monday, the day of Trump’s inauguration. It is good to point out that the TRUMP memecoin will be permanently listed on ByBit in just 1 hour and should be listed on Binance on Monday. Leveraged listings on Binance are very often followed by a sharp drop in price.
-The TRUMP memecoin seems inevitable and could quickly fetch the 30 dollars during the day.
What future for Solana memecoins?
To conclude, analysts remain confident for the future of memecoins on Solana. Although liquidity is flowing to Donald Trump’s new memecoin, profits from it are expected to flow back to other memecoins.
In addition, it is a serious marketing coup for the entire Solana ecosystem and its memecoins:
“So far, Trump coins have been a huge wealth-generating event. Eventually, these newly created dollars will flow back into the SOL ecosystem. SOL memes are probably about to experience their biggest surge ever.” writes MacroCRG on X.
Will Donald Trump have finally launched the memecoin supercycle announced by Murad a few months ago?
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