TRUMP meme coin pins bounce back, will TRUMP tick up again after inauguration?
At the early hours of January 21st, Beijing time, the 60th presidential inauguration ceremony will take place in the United States capital, Washington. Donald Trump, the elected president and the 45th president, will be sworn in as the 47th president of the United States, commencing a new term with Vice President-elect J.D. Vance. The inauguration ceremony not only symbolizes the peaceful transition of power in the United States, but also serves as a platform to showcase the unique political traditions and culture of the country.
Just three days ago, Trump announced the launch of his official personal Meme coin, TRUMP coin, through Truth Social. Even during the weekend, this news still stimulated the entire cryptocurrency community. The market value of TRUMP soared to about 2 billion US dollars in less than 30 minutes and eventually surpassed the 30 billion US dollar mark on the same evening. On Sunday, the TRUMP token experienced a major outbreak, with the highest price reaching $81 on the Gate.io platform and a market value of $81 billion, briefly entering the top 10 in the market.
According to the official introduction, the creation of the TRUMP token is aimed at supporting the Trump brand and art, rather than as an investment tool. The issuance of the tokens is planned by CIC Digital LLC and Fighter Fight LLC of the Trump Group, using the LFG technology stack in cooperation with Jupiter. The remaining 8 billion TRUMP tokens are expected to be unlocked within three years. The initial funding source for the TRUMP token comes from the Gate.io platform. The Gate.io platform also announced the opening of TRUMP token spot and perpetual contract trading at the first time, and provides up to 50 times leverage.
TRUMP Token Market Analysis
Trading Data
- Current price: 60.147 USD
- 24-hour high: 77.801 USD
- 24-hour lowest price: 37.501 USD
- 24-hour increase: 26.65%
- 24-hour trading volume: 57,010,477.49 TRUMP
Support and Resistance Levels
- Support Level: 33.122 USD
- Resistance level: 74.215 USD
Market Sentiment
- Fear and Greed Index: 76 (Extreme Greed)
Trading Strategy Recommendation
Strategy 1: Short-term bullish strategy
- Direction: Bullish
- Admission price: 60.147 USD
- Target price: 74.215 USD (resistance level)
- Stop Price: 55.000 USD (below the support level of the current price)
- Strategy Features: Due to the current market sentiment being extremely greedy, there is potential for price increase in the short term. Combined with whale trading signals, the bullish momentum is strong, making it suitable for short-term entry.
Strategy 2: Buy on Pullback Strategy
- Direction: Long
- Entry Price: 50,000 USD (assuming the price retraces to this level)
- Target price: 74.215 USD (resistance level)
- Stop-loss price: 45.000 USD (support level below the current price)
- Strategy Characteristics: If there is a market pullback, 50,000 USD is a good entry point. This strategy utilizes market volatility and is suitable for medium to long-term investors.
Outlook for the future
The launch of the TRUMP token has stimulated the market demand for SOL, and the TRUMP token may become a new “traffic entrance” on the Solana blockchain, attracting more users and funds into the Solana eco. However, other meme coins on the Solana chain, such as WIF and PUNT, have generally declined. In addition, other meme coins that were once considered part of the TRUMP concept have also experienced significant declines, such as MAGA on the Ethereum chain, which has dropped more than 45% in 24 hours, and the TRUMP token of the same name has plummeted by over 50% in a single day.
The launch and market performance of TRUMP token have attracted widespread attention, not only because it is closely associated with Trump’s personal brand and political image, but also because it represents the emerging trend of ‘politics + cryptocurrency’. TRUMP token is not just a cryptocurrency, but also a part of the Trump brand, representing a specific political and cultural symbol. As a type of Meme coin, the political symbols and influence behind TRUMP token may become its long-term support. If Trump continues to be active on social media and constantly promote the token, TRUMP token may transform from a mere investment tool into a cultural emblem.
