By Guest 
Say Hello to the Fourth-largest Memecoin in the Market. President-elect Donald Trump has introduced a new meme coin named $TRUMP, which has rapidly gained traction in the cryptocurrency market.
Announced on his Truth Social account, the Solana-based token’s market capitalization soared to $8 billion within hours of its launch.
Market Performance:
- Price Surge: The $TRUMP token experienced a significant price increase, reaching $2.15 shortly after its debut.
- Trading Volume: Trading volumes approached $1 billion, indicating substantial investor interest.
Top Meme Coins by Market Capitalization:
- Dogecoin (DOGE): Currently trading at $0.395086.
- Shiba Inu (SHIB): Priced at $0.00002266.
- Pepe (PEPE): Valued at $0.000000001425.
- $TRUMP: Standing at $21.5
- Bonk (BONK): Trading at $0.00003368.
Read More: How to Buy $TRUMP Memecoin?
Community Reactions and Concerns:
The sudden emergence and promotion of $TRUMP have sparked discussions regarding its legitimacy. Some community members questioned the authenticity of the social media announcements, leading to speculation about potential security breaches. However, no official statements have been made to confirm such concerns.
Future Implications:
The introduction of $TRUMP coincides with President-elect Trump’s plans to implement crypto-friendly policies, including reducing regulatory burdens and establishing a crypto advisory council. These initiatives aim to position the U.S. as a leader in the digital asset space.
As the $TRUMP meme coin continues to capture attention, investors are advised to conduct thorough research and exercise caution, given the volatile nature of meme-based cryptocurrencies.