Tuesday, July 23, 2024

Solana memecoin TRUMPFEL up 13,000%: Eyes another 18,000%?

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  • TRUMPFEL’s price has already increased by more than 13,000%.
  • BONK and WIF continued to remain bearish. 

The Solana [SOL] ecosystem has gained much traction over the last several months, thanks to multiple memecoin launches. The latest to this lot was Trump The Felon [TRUMPFEL].

Soon after the launch, the memecoin has skyrocketed, and things can get even better with its upcoming listings. 

All about Solana’s Trump The Felon 

Trump The Felon took the market by storm with its massive growth on the day it launched. To be precise, TRUMPFEL has registered a 13,000% price hike since launch. In the last 24 hours alone, the memecoin’s value increased by more than 7%.

According to CoinMarketCap, at the time of writing, TRUMPFEL was trading at $0.001085 with a 24-hour trading volume of $1.06k.

One of the major reasons behind this substantial growth could be that it is a memecoin. It is no longer a secret that crypto enthusiasts keep a close eye on memecoins and shower their love on such coins once they release.

For example, PEPE, which had now become one of the top memecoins, also witnessed similar large-scale traction when it was launched.

In fact, the market around it allowed it to touch $1 billion in market capitalization within a few months before it fell. But later, the memecoin reclaimed that mark.

The good news for Solana’s Trump The Felon is that it awaits a new listing. As per the latest data, KuCoin, which is one of the most popular crypto exchanges, has announced that it will soon list the memecoin on its platform.

The hype around TRUMPFEL and the fresh listing might initiate another uptrend and allow it to grow by 18,000% in the coming weeks. 

What about other Solana memecoins?

While mentioning TRMPFEL, the latest addition to SOL’s memecoin lot, it’s also important to have a look at how other top SOL memes like dofwifhat [WIF] and Bonk [BONK] were doing.

It was interesting to note that while TRUMPFEL witnessed a major price hike, WIF and BONK had a different fate.

On one hand, BONK’s daily chart remained red, and on the other hand, WIF’s price had fallen by more than 2% in the last 24 hours. At press time, BONK was trading at $0.0000263, while WIF had a value of $0.0000263.

Surprisingly, despite the negative price action, BONK’s weighted sentiment graph moved up, meaning that bullish sentiment around it increased.

BONK's weighted sentiment improved

Source: Santiment

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However, WIF’s weighted sentiment graph remained in the negative zone. 

While all this happened, SOL finally gained bullish momentum as it painted its daily chart green. At press time, SOL was trading at $143.88 with a market capitalization of over $66.7 billion.

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