United States President-elect Donald Trump launched his own coin, OFFICIAL TRUMP, just days before his inauguration.
This decision caused shockwaves in both the crypto market and the political world. Crypto traders rushed to buy, causing the price to surge to its current high of $44.05. So, is now a good time to buy, or could even alternative coins offer better gains?
TRUMP’s new meme coin based on Solana
Rumors have been circulating for some time about whether Trump would launch a coin, sparked by speculation that Trump’s official team launched a Solana-based project called DJT this summer.
However, hardly anyone expected the future US president to launch his own official meme just days before he took office.
Trump revealed the meme coin on X, explaining that it allows people to join his “very special community” and celebrate “victory.”
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 $ASSET NOW. Go to https://t.co/GX3ZxT5xyq – Have fun! pic.twitter.com/flIKYyfBrC
– Donald J. Trump (@realDonaldTrump) January 18, 2025
Trump’s official website states that it is the “only official Trump meme” and that 80% of the total supply is controlled by CIC Digital, a subsidiary of the Trump Organization, as well as a co-owned entity named Fight Fight Fight LLC.
The allocation is made according to a three-year vesting schedule. This means that the team cannot simply throw away all of its chips.
According to CoinMarketCap data, OFFICIAL TRUMP is up 541% today, currently trading at $44.05. It has a market capitalization of $8.8 billion and a 24-hour trading volume of $10.56 billion.
Traders optimistic about the future of $TRUMP
This was about to be the first time the United States had a pro-crypto president – but a president with his own coin was inconceivable until it actually happened.
It is difficult to predict what will happen in the coming weeks since we have never experienced a similar event. However, given Trump’s ultimate position of power, analysts suggest this puts $TRUMP in a favorable position to continue winning.
Crypto Bitlord suggests that $TRUMP will rise beyond $100, suggesting that the fact that most tokens are controlled by Trump-related entities is very bullish.
Do you understand that 90% of the supply of $ASSET is locked up with the President of the United States 🇺🇸
And people don’t care about it like it’s a jet? 😭 😂
BUY OR CRY UNDER $100
– Crypto Bitlord (@crypto_bitlord7) January 18, 2025
Meanwhile, Zinc called it “the craziest coin story possible”, suggesting it would “go much higher”.
This is the biggest narrative in crypto history.
If you told me 3 days ago to come up with the craziest coin narrative possible, I would say Trump creates a Solana memecoin. In fact, I still can’t believe it’s real.
I can’t think of anything crazier. $ASSET will change the…
– Zinc (@zinceth) January 18, 2025
With Trump’s inauguration in one day, all eyes are on American politics and, therefore, TRUMP OFFICIAL.
There will likely be some volatility, but a move to $100 in the coming week cannot be ruled out. This presents a gain of over 2x from its current price.
However, many crypto investors are disdainful for missing the life-changing opportunity to purchase $TRUMP during its trading hours.
Fortunately for these disgruntled investors, other emerging coins are also showing the potential to explode.
Will these Meme Coins explode next?
For traders looking for the next meme coins to explode, 3 promising tokens stand out: Wall Street Pepe, Solaxy and Flockerz.
Grandpa from Wall Street is perhaps the hottest crypto presale on the market right now, raising a staggering $52 million in just two months.
The project takes inspiration from the WallStreetBets Reddit community and aims to equip crypto traders with the tools needed to beat the market.
Wall Street Pepe will empower the little guy against the whales with alpha trading calls, signals and degen plays. Its community – the $WEPE Army – will benefit from these benefits by holding $WEPE tokens. Tokens can also be staked for 24% APY.
Distinguished as the fastest growing ICO, Wall Street Pepe has what it takes to explode. However, it is now announced that presale will end in 28 daysthen it’s time to enter.
Another token that could benefit from Trump’s crypto rally is Solaxywhich has raised over $11 million through its ongoing ICO.
The $TRUMP Solana meme coin helped the price of Solana increase by over 54% compared to the same time last week, and Solaxy aims to expand the SOL network even further in 2025.
To do this, it will create the first Solana Layer-2 blockchain to help alleviate the congestion, speed, and high fee issues that the Solana network has experienced at times this year.
This revolutionary utility has put Solaxy at the top of many investors’ minds. The platform’s native meme coin, SOLX, is a cross between Pepe and Albert Einstein and can currently be staked for over 300% APY.
With $TRUMP giving a huge boost to the Solana network, Solaxy This could be a wise investment to capitalize on by getting there early.
Finally, the Flockerz meme coin has also attracted attention lately, raising over $10 million through its ICO funding rounds.
At the heart of this project is a vote-to-win DAO (called Flocktopia) that puts the power in the hands of its users.
The community will be able to vote on all decisions relating to the future of the project and earn symbolic rewards for doing so. This focus on governance looks particularly promising in the new Trump era.
The recent success of $PENGU has also led some analysts to predict that $FLOCK will be the next bird coin to pump.
However, there is just 3 days left on presaleafter which Flockerz will be listed on the stock exchange, so now is the time to enter at the lowest price.