Traders expect more Trump-branded memecoins amid flood of fakes
After the token named after President Donald Trump briefly broke $80 billion in fully hybridized value (FDV) in one day since its launch on January 18, traders are eager to acquire more Trump-branded memecoins.
Identifying the next official Trump coin means sifting through dozens of fakes.
So far, only one other nickname, official Melania (Melania) – referring to First Lady Melania Trump – has been adopted by the Trump family. In the year As of Jan. 20, it hit an FDV of about $14 billion before recovering to less than $6 billion, according to CoinMarketCap.
Meanwhile, countless irregular balls have built market capitalizations in the hundreds of millions before collapsing. According to DX Screener, one such token, deceptively named Official Barron Meme (BARRON), peaked around $400 million before recovering more than 90%.
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Speculation abounds over the launch of the new Trump coin. Source: John Trades MBA
Imposters transferred dozens of Trump-themed memecoins to a crypto wallet linked to CIC Digital LLC. Officials say some of the placements, including Ivanka Trump's, are worth hundreds of millions of dollars.
On January 19, the president's son, Eric Trump, denied rumors that “America's Coin” was the Trump family's next memecoin project. On January 20th, crypto influencer Cook pointed out the official rumors of memecoins linked to Barron and Eric Trump.
Baron Trump paid particular attention to memecoin traders. Source: Cook
Amazing memecoin launch
Trump's advisory team launched the TRUMP memecoin on January 18 and the MELANIA token on the Solana network on January 19 ahead of the president's January 20 launch.
Traders initially questioned whether it was the result of social media hacking. However, members of Trump's team later confirmed the authenticity of memecoin – the value of the token is increasing.
The launch of TRUMP has had a significant impact on the Solana ecosystem. The token built on Solana attracted the attention of traders for memecoin innovation and increased its trading volume significantly.
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