TRUMP Coin's Market Cap Surpasses BONK, PEPE, and SHIB

Bittime - In the past week, TRUMP Coin has been in the spotlight of the digital asset world after recording a market capitalization of $13 billion. 

The meme coin based on the Solana blockchain has now surpassed popular competitors such as SHIB and PEPE, positioning itself as the second largest meme coin after Dogecoin (DOGE).

TRUMP Coin's surge in popularity also pushed the Solana blockchain to an all-time high, proving that the meme coin narrative is still a major force in the digital asset world. So, what makes TRUMP Coin take center stage, and what is its future position?

TRUMP Coin's Significant Rise

TRUMP Coin debuted very convincingly on January 17, 2025. In less than 48 hours, its price per token soared to over $60. 

With daily trading volume reaching $11 billion, TRUMP Coin managed to attract the attention of investors around the world.

This success not only affected TRUMP Coin's price, but also gave a huge boost to the Solana ecosystem. TRUMP Coin's market capitalization of $13 billion makes it a serious competitor to SHIB and PEPE, which previously dominated the meme coin market.

Also read: Official Trump (TRUMP) Token Launch and Its Impact on Crypto Regulation

Solana Blockchain on the Rise Thanks to TRUMP Coin

The success of TRUMP Coin also had a positive influence on Solana (SOL). On January 19, 2025, SOL recorded an all-time high (ATH) of $280. This increase was due to the popularity of TRUMP Coin, which was launched on the Solana blockchain network.

The indirect collaboration between TRUMP Coin and SOL proves that blockchains that support the launch of innovative projects can enjoy rapid growth, both in terms of price and technology adoption.

Read also: Official Trump (TRUMP) Coin: 2025, 2026, 2030 Price Predictions

How are SHIB and PEPE positioned after TRUMP Coin?

Despite previously being iconic meme coins, SHIB and PEPE have experienced a significant decline since the arrival of TRUMP Coin. 

SHIB's market capitalization slumped due to a decrease in trading volume, while PEPE lost its liquidity in major markets.

On January 19, the price of SHIB recorded a 9.4% drop, while PEPE was more drastic with a 15.1% drop. Both coins seem to be struggling in the face of the tremendous momentum brought by TRUMP Coin.

DOGE Remains the King of Memecoins

Despite TRUMP Coin's outstanding performance, DOGE remains the leader of the meme coin market with a capitalization of $54 billion. 

Massive community support and widespread recognition make it difficult to dislodge DOGE from its position.

With a rich history of viral campaigns and celebrity endorsements, DOGE continues to attract investor attention, even as new competitors like TRUMP Coin emerge.

Conclusion

TRUMP Coin's success proves that meme-based digital assets still hold great appeal, especially when backed by a strong narrative and active community. However, volatility remains a major risk in this market.

For those of you looking to invest in meme coins like TRUMP Coin, it is important to understand the market dynamics and conduct thorough research in order to capitalize on opportunities wisely.

FAQ

What is TRUMP Coin?

TRUMP Coin is a meme-based digital asset launched on the Solana blockchain. The coin caught the attention of investors due to its outstanding performance that pushed its market capitalization to $13 billion, making it one of the largest meme coins.

What makes TRUMP Coin different from other meme coins?

TRUMP Coin gained rapid popularity thanks to its strong public image and is powered by the Solana blockchain, which offers fast transactions and low fees. This combination makes it more competitive than meme coins like SHIB or PEPE.

Does TRUMP Coin still have the potential to go higher?

Although TRUMP Coin has already recorded significant gains, the potential for future growth remains, depending on adoption, community of supporters, and market sentiment. However, as a digital asset, this investment still carries the risk of high volatility.

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References

thecoinrepublic.com, TRUMP Coin Overtakes SHIB And PEPE- But Can It Overtake DOGE?, accessed on January 20, 2025.

Author: AWW