The post Can TRUMP Meme Coin Hit $100, and Could WEPE Explode Next? appeared on BitcoinEthereumNews.com.

Donald Trump’s meme coin has been all over the news since Saturday. The TRUMP coin soared above $75 before pulling back yesterday – but many believe its run is just beginning. Others are setting their sights on Wall Street Pepe, a new presale project that has raised over $53 million ahead of its exchange debut. TRUMP’s Enormous Rise – From Launch to $15B Market Cap TRUMP has quickly become one of the biggest meme coin success stories of the past 12 months. Launched on Saturday through Trump’s social media channels, the coin immediately grabbed the market’s attention, soaring to a $15 billion market cap in just over a day. Big exchanges like Bybit, Bitget, and KuCoin were quick to list it. And with its trading volume passing $47 billion in the last 24 hours, TRUMP has seen more action than DOGE, PEPE, and SHIB combined. The coin’s setup is unique: There are 200 million TRUMP in circulation out of a total supply cap of 1 billion. Insiders still hold 80% of the supply but have gradually added liquidity into different pools. The biggest of these is the TRUMP-USDC pool on the Meteora DEX. TRUMP is currently hovering around $54.60 and has climbed to 18th among the largest cryptos by market cap. It’s also one of the top trending tokens on DEXTools. Can TRUMP Hit $100? Key Catalysts Driving Its Next Move Despite its drop, there are plenty of reasons why TRUMP could still hit the $100 mark. The token sank over 50% after MELANIA hit the market, but it is already bouncing back, rejecting the 0.5 Fibonacci retracement level. This often signals that another bull leg has begun. However, TRUMP is still new, meaning technical analysis can be tricky – which is why non-technical factors are better price predictors. One…

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Filed under: News - @ January 20, 2025 7:26 pm