Memecoins
Solana memecoin TRUMPFEL up 13,000%: eyeing further 18,000% rise?
- The price of TRUMPFEL has already increased by more than 13,000%.
- BONK and WIF continued to remain bearish.
THE Solana [SOL] The ecosystem has gained a lot of traction in recent months, thanks to multiple memecoin launches. The latest was Trump The Felon [TRUMPFEL].
Shortly after its launch, the memecoin skyrocketed and things could get even better with its upcoming listings.
All About Trump The Felon by Solana
Trump The Felon has taken the market by storm with its massive growth on the day of its launch. To be precise, TRUMPFEL has seen a price increase of 13,000% since its launch. In the last 24 hours alone, the memecoin has increased in value by more than 7%.
According to CoinMarketCapAt the time of writing, TRUMPFEL was trading at $0.001085 with a 24-hour trading volume of $1.06k.
One of the main reasons for this substantial growth could be the fact that it is a memecoin. It is no longer a secret that cryptocurrency enthusiasts keep a close eye on memecoins and show them love as soon as they are released.
For example, PEPE, which has now become one of the leading memecoins, also saw similar large-scale success when it launched.
In fact, the market around it allowed it to reach $1 billion in market capitalization in a few months before falling. But later, the memecoin reclaimed this record.
The good news for Solana’s Trump The Felon is that he is awaiting a new listing. According to the latest data, KuCoin, which is one of the most popular cryptocurrency exchanges, has announced that it will soon list the memecoin on its platform.
The hype surrounding TRUMPFEL and its new listing could trigger a new upward trend and allow it to grow by 18,000% in the coming weeks.
What about other Solana memecoins?
While mentioning TRMPFEL, the latest addition to the SOL memecoin pack, it is also important to take a look at how other prominent SOL memes like dofwifhat [WIF] And Bonk [BONK] were doing.
Interestingly, while TRUMPFEL experienced a major price increase, WIF and BONK experienced a different fate.
On one hand, the daily chart of BONK remained in the red, and on the other hand, the price of WIF dropped 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 chart has been moving higher, meaning that the bullish sentiment around it has increased.
Source: Santiment
Is your wallet green? Find out SOL Profit Calculator
However, the WIF weighted sentiment chart remained in the negative zone.
Meanwhile, SOL finally gained some momentum by painting its daily chart green. At press time, SOL was trading at $143.88 with a market cap of over $66.7 billion.