HomeBTCSuper Trump Explodes With 200% Surge

Super Trump Explodes With 200% Surge


Cryptocurrencies linked to former US President Donald Trump have seen a meteoric rise over the past week, reflecting a growing speculative fervor around politically-charged “memecoins” in the digital asset space.

Related Reading

The most notable gainer has been the “Super Trump” (STRUMP) token, which rallied by over 200% on May 29th alone, making it one of the top trending cryptocurrencies on CoinMarketCap.

The memecoin, which first debuted on Ethereum in March, has seen its fortunes change dramatically since launching on the Solana blockchain just last weekend.

Crypto analyst Tyler, who has been closely watching the space, noted:

“We are not even 24 hours past the #SUPERTRUMP launch on #SOLANA and already have great support around 4 million MC. Almost 1 million in volume and up 485.970%!”

Trump Memecoin And The ‘PoliFi’ Phenomenon

The STRUMP surge appears to be part of a broader trend within the so-called “PoliFi” (political finance) ecosystem, where tokens tied to prominent political figures and ideologies have gained significant traction among crypto investors.

Other Trump-linked memecoins, such as TRUMP, MAGA, and BODEN, have also recorded massive price spikes in recent days, with gains ranging from 20% to 350%. This rally has catapulted the original TRUMP coin to become the 8th largest memecoin by market capitalization.

The STRUMP project itself has emphasized its community’s deep dedication to the former president, claiming that 0.8% of its wallet is reserved for Trump. This signal of support seems to have resonated with the crypto crowd, many of whom view Trump’s pro-crypto stance as a positive driver for these types of digital assets.

As of today, the market cap of cryptocurrencies stood at $2.45 trillion. Chart: TradingView.com

STRUMP Loses Steam

However, the euphoria surrounding STRUMP and its peers has been short-lived, as the memecoins have since lost steam following their recent record highs. As of press time, STRUMP was trading around $0.006, roughly 50% below its peak price of $0.012 reached earlier this week.

STRUMP price down in the last 24 hours. Source: CoinMarketCap

This volatility underscores the inherent risks and speculative nature of the memecoin market, where prices can fluctuate wildly based on social media trends, influencer endorsements, and other ephemeral factors.

The long-term viability of these tokens remains uncertain, as regulatory scrutiny and broader market conditions could significantly impact their performance.

Related Reading

Investors Bring Ideologies To The Blockchain

The resurgence of Trump-linked memecoins reflects the continued fascination with the former president’s brand and the growing influence of politically-motivated investors in the cryptocurrency space.

While these digital assets have captivated the attention of speculators, their dramatic price swings serve as a cautionary tale for those seeking to capitalize on the “PoliFi” phenomenon.

Featured image from iPic.Ai, chart from TradingView


Please enter your comment!
Please enter your name here


Play Games, Win Bitcoin With THNDR Games CEO Desiree Dickerson

Company Name: THNDR GamesFounder: Desiree Dickerson, Jack Everitt, Greg Flor and Rafal GawelDate Founded: Originally founded in 2019 | Re-launched in 2021Location of Headquarters:...

Unclogged Now Officially Live in Six Countries

New Features and Game ModesAmong the new features introduced is Arcade Mode, designed to provide players with levels featuring specific objectives.This mode aims to...

Shiba Inu, Solana, & Cardano Are All Seeing Buy Signal: Analyst

An analyst has pointed out how Shiba Inu (SHIB), Solana (SOL), and Cardano (ADA) are among the altcoins seeing a buy signal on this...

Pepe Price Prediction: Pepe Pumps 13% As Analysts Say This Meme Coin Rival Might Explode Exponentially

Join Our Telegram channel to stay up to date on breaking news coverage The Pepe price surged 13% in the last 24 hours to trade...

Most Popular