The post Next Meme Coin to Soar? $TRUMP is Dumping, but Investors Hyped About Solaxy Presale appeared on BitcoinEthereumNews.com.

Remember $TRUMP, Donald Trump’s meme coin that launched days before his inauguration as US president? It peaked at $75 on January 19 and then took a dump to $39 the next day. It’s now $34.76 and isn’t showing any signs of recovery. This doesn’t mean it won’t go back up – it might, but it could take some time. However, with Trump’s recent crypto executive order and the SEC’s rescinding of SAB 121, $TRUMP could pump sooner rather than later. But until then, we’re looking at another meme coin in presale that’s showing stellar potential, Solaxy ($SOLX). As the first Solana Layer-2 chain, it has a first-mover advantage that could propel it to the top of the crypto charts after listing. Let’s discuss the context and how Solaxy could benefit and become the next meme coin to soar. $TRUMP Token – A Presidential Pump and Dump or Volatility? The OFFICIAL TRUMP token debuted on January 17, three days before Donald Trump’s presidential inauguration. The news received more flak than praise, as many considered a meme coin launch to be unbecoming of the United States President. We’re not here for politics, so we’ll address the impact it had on the crypto industry – very positive. The total crypto market cap benefitted greatly from $TRUMP’s launch. The meme coin market cap also grew by $5B from January 17–19, followed by a significant dump on Inauguration Day (likely because Trump didn’t mention crypto or Bitcoin). Still, there’s no denying that $TRUMP…dumped. Big time, even. From an all-time high of $75 all the way to $35 today, a 53.33% decrease. But you also can’t deny the fact it’s stabilized at the $35–$40 level, even showing signs of upward potential every now and then. This means one thing – investors haven’t lost hope. $TRUMP should…

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Filed under: News - @ January 24, 2025 11:25 am