Over the last 48 hours, following an assassination attempt on former President Donald Trump, there has been a predictable surge in the price of Trump-themed meme coins.
This article examines the sharp rise in Trump coin valuations and looks to see which coin is next to watch
When my wife leaves me because I spend too much time on crypto but I just made $50 on a trump meme coin pic.twitter.com/jcvGM9PmEX
— Gordon (@AltcoinGordon) July 14, 2024
Across the meme coin market, Trump coins (which are coins name-linked to Trump, MAGA, Barron, or anything else in Donald’s sphere of influence) have exploded in a flurry of quick-fire gains – that have netted investors financial index-beating returns almost instantly.
Trump Assassination Rally: Trump Coins EXPLODE Overnight – What’s Going on In the Meme Coin Market?
Following Thomas Matthew Crooks’ failed assassination attempt, meme coin markets haven’t skipped a beat as retail interest raced into the emerging trades.
Leading the pack at hot #1 on DEXtools is the legendary ERC-20 meme coin ‘MAGA’ – which represents probably the most prominent Trump coin in the crypto space at a current $80M market cap.
MAGA token produced a +50% return for investors, with gains limited by the already significant market cap – despite the influx of multi-million volumes.
However, this is just the start. Another Trump coin still riding high on DEX markets, currently ranked #9 on DEXTools ‘Hot Coins, is the ERC-20 TRUMP token.
Sat at an even higher market cap (currently $370M) than its rival MAGA token, it’s all the more remarkable that TRUMP token managed to outperform with a +70% move almost instantly after Thomas Matthew Crooks launched his attack.
Shifting attention away from Ethereum to Solana – the real hub of activity in the 2024 market environment – Martin Shkreli’s infamous DJT token dominates volumes, with a remarkable surge back to Hot #1 in Solana on DEXTools.
Firing out of capitulation positioning, this supposedly Barron-backed coin also mounted impressive gains in the aftermath of the Trump attack – with a +20% move that is still holding strong despite retracement in other Trump coins.
In a more spontaneous launch, a funny meme coin named ‘WIFEAR’ (a reference to Trump’s bullet wound to the ear – in a tongue-in-cheek play on the highly popular Solana meme coin DogWifHat) – however, as is all too common with quick-fire meme coins – the momentum was short-lived.
However, while Trump coins have enjoyed a short-lived boost, huge opportunities in the meme coin market that could offer longer-term value accrual are hard to ignore.
Discovering the Next Incarnation of Pepe: Here’s How Pepe Unchained Will Supercharge the Pepecoin Ecosystem
It’s no secret that Pepecoin has been one of the biggest new meme coins to emerge since the 2021 bull market, however, unlike the top meme coins like Dogecoin and Shiba Inu – PEPE’s growth has been limited to its ERC-20 standard.
This has suffocated growth due to high transactional fees and slow network conditions, not to mention the inability to develop and flesh out a standalone ecosystem.
Everything changes with Pepe Unchained (PEPU).
We’ve hit another milestone! $3.5M raised!
Pepe’s blockchain journey is unstoppable. Thank you for your amazing support. The best is yet to come! pic.twitter.com/IPpMBPGg5z
— Pepe Unchained (@pepe_unchained) July 14, 2024
You can think of PEPU as PEPE 2.0 – insofar as aiming to replicate the success of Shiba Inu’s Shibarium upgrade, which delivered layer-2 scaling to the SHIB ecosystem.
Pepe Unchained is seeking to do much the same with the launch of a layer-2 blockchain for the PEPE ecosystem – a new blockchain layer where devs can cook high-octane meme coins for a low-fee.
With that said it’s no surprise that the PEPU presale has already rocketed to over $3.2M raised.
So don’t miss this chance to get in early on the next major play in the Pepe community.
Buy PEPU Here
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