Surge of Trump-Themed Meme Coins Following Presidential Commitments
The cryptocurrency landscape sees an increase in meme coins inspired by Donald Trump's recent declarations.
The cryptocurrency market is experiencing a notable upswing today, with a 4% increase in its total market cap nearing $3.7 trillion.
Interestingly, the meme coins associated with the US President, Donald Trump, have emerged as the standout performers in recent hours.
Rising Popularity
Trump’s administration is known for implementing significant tariff policies, which have sparked considerable debate. In a recent address, he dismissed the criticisms aimed at those opposed to his strategy as ‘fools,’ asserting its advantages for the nation. Additionally, he pledged a dividend of at least $2,000 to individuals, excluding those with high incomes.
His remarks triggered a rise in Bitcoin (BTC), surpassing $106,000, while Ethereum (ETH) climbed over $3,600. Notably, meme coins linked to Trump saw even steeper increases in value.
Official Trump (TRUMP) – the most substantial in this niche – enjoyed a remarkable daily increase of 14%, reaching nearly $8.60, marking its highest level since late October. This surge has elevated its market cap to $1.7 billion, surpassing Pump.fun (PUMP) to become the fifth-largest meme coin.
TRUMP Price
TRUMP Price, Source: CoinGecko
Nonetheless, TRUMP, launched shortly before the inauguration on January 20, still remains far from its peak, which earlier this year saw a market cap of $14.5 billion, temporarily surpassing Shiba Inu (SHIB) to secure the position of the second-largest meme coin.
Other Notable Gains
Other Trump-themed meme coins, including Super Trump (STRUMP), Pepe Trump (PTRUMP), and SUI TRUMP (SUITRUMP), are also reporting significant gains today, alongside MELANIA, which is linked to Trump’s spouse, up by 11%.
WLFI’s Performance
World Liberty Financial (WLFI), a token related to the Trump family, has thrived in this bullish atmosphere, being the top gainer among the top 100 cryptocurrencies with a 33% price increase, bringing it close to a market cap of $4.5 billion. Analysts suggest that WLFI may see further upward potential, with forecasts indicating it could surpass the $0.20 mark soon.
