   
TRUMP, the meme coin inspired by former US President Donald Trump, briefly surpassed Shiba Inu (SHIB) in terms of market capitalization, winning the title of second largest meme coin.
The rapid rise has fueled speculation about whether Dogecoin (DOGE), the reigning meme coin, could be next. ASSETthe list of targets.
Notably, just 36 hours after its launch, the token’s market capitalization reached an incredible $15 billion, catapulting it to 14th place in the global cryptocurrency rankings on Sunday. At its peak, TRUMP’s fully diluted valuation (FDV) exceeded $70 billion, momentarily surpassing DOGE and established giants like USDC and BNB, making it the sixth largest FDV in the cryptocurrency market. cryptography.
However, this explosive rally was short-lived, as TRUMP fell back to 18th position following massive profit-taking, just behind SHIB, which reclaimed 17th place at press time.
That said, the SHIB community did not take TRUMP’s brief dominance lightly. Earlier on Sunday, Shiba Inu lead developer Shytoshi Kusama acknowledged the milestone, calling it a “temporary achievement” in a comment in response to a community member’s screenshot showing the surge. by TRUMP on SHIB.
 “Wow, indeed. Congratulations to the President of the United States on this temporary achievement. he tweeted.
Earlier Saturday, Kusama tweeted, “We don’t bow to any meme,” in response to a viral meme depicting various memecoins bowing to TRUMP.
LUCIE, the main marketer of the Shiba Inu ecosystem, also spoke, tweet, “No, I’m not buying any Trump coins. I’m in bad shape, as is the rest of the SHIB army, holding the same parts. But I think things will go well for crypto. Some will show up first, others later: the important thing is not to give up.”
That said, as TRUMP briefly consolidates its position as the second-largest coin, the crypto community is abuzz with speculation about its ability to dethrone Dogecoin. Analysts at CoinGecko estimated that TRUMP would need to reach $300 per token to surpass DOGE’s current market cap of $58 billion.
Remarkably, given that TRUMP has achieved an impressive market capitalization and FDV, some observers believe that such a milestone may not be far-fetched.
“There is a valid argument for $TRUMP to absolutely go ballistic to a $100B/$500M FDV circulating market cap and topple DOGE. The Trump brand is much more attractive than a random dog-shaped coin.” Tweeted Andrew Kang, co-founder of Mechanism Capital.
Popular crypto analyst Dr. Profit echoed this sentiment, comparing TRUMP’s trajectory to DOGE’s meteoric rise in 2021.”If $TRUMP follows the same path, its price could reach between $350 and $500 in the coming months. he predicted.
As TRUMP continues its rise, outperforming leading tokens such as PEPE, UNI, and TON, it appears poised to continue attracting liquidity from across the market. However, whether TRUMP can surpass DOGE remains unclear.
TRUMP was trading at $67.66 at press time, reflecting an impressive 100% rise in the past 24 hours. On the other hand, DOGE was priced at $0.39, experiencing a decline of 3.50% during the same period.