Traders Flock to Trump Memecoins: The Good, The Bad, and The Hilariously Fake!

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In a world where the absurd meets the absurdly profitable, traders are now on a quest, not for the Holy Grail, but for the next Trump-branded memecoin. Yes, you heard it right! After President Donald Trump’s token briefly soared to a dizzying $80 billion in fully-diluted value (FDV) faster than you can say “fake news,” the hunt is on! 🤑

But beware, dear traders! Spotting the next official Trump coin is akin to finding a needle in a haystack made of other needles—most of which are fakes, of course. It’s a veritable cornucopia of counterfeit coins out there! 🎩

So far, the only other token to receive the Trump family’s royal seal of approval is the Official Melania (MELANIA) token. This little gem hit an FDV of around $14 billion before plummeting to less than $6 billion faster than a lead balloon on Jan. 20, according to the ever-reliable CoinMarketCap. Talk about a rollercoaster ride! 🎢

Meanwhile, the unofficial knockoffs are having a field day, bootstrapping market capitalizations in the hundreds of millions before crashing down like a poorly constructed house of cards. One particularly cheeky token, the Official Barron Meme (BARRON), reached dizzying heights of around $400 million before it decided to take a nosedive of over 90%. Ouch! 😬

Imitators have been busy transferring dozens of Trump-themed memecoins to the crypto wallet associated with CIC Digital LLC, the Trump entity that holds a whopping 80% of Official Trump’s (TRUMP) total supply. Some of these allocations, including the ever-ambitious Official Ivanka Trump, claim to be worth hundreds of millions. Because why not? 💸

On Jan. 19, Eric Trump, the president’s son, waved away rumors of a potential “USA coin” as the next family memecoin project. But just a day later, crypto influencer Kook was busy flagging rumored official launches for memecoins tied to Barron and Eric Trump. It’s like a soap opera, but with more zeros! 📺

Surprise Memecoin Launch!

In a plot twist worthy of a best-selling novel, Trump’s advisory team launched the TRUMP memecoin on Jan. 18 and the MELANIA token on Jan. 19 on the Solana network, just in time for the president’s inauguration on Jan. 20. Because nothing says “welcome to the presidency” like a new cryptocurrency! 🎉

Initially, traders were left scratching their heads, questioning whether the launch was the result of a social media hack. But fear not! Members of the Trump team later confirmed the authenticity of the memecoin, sending the token’s price soaring higher than a kite in a hurricane. 🌪️

The launch of TRUMP has had a profound impact on the Solana ecosystem, attracting traders’ attention like moths to a flame and significantly boosting its trading volumes. Who knew that a little bit of Trump magic could do so much? ✨

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2025-01-21 00:34