In an unexpected twist in the meme cryptocurrency market, TRUMP Coin has rapidly climbed the ranks, surpassing Shiba Inu (SHIB) and PEPE in market capitalization to become the second-largest meme coin, just behind Dogecoin (DOGE).
Launched on January 17, 2025, TRUMP Coin’s value surged to over $60 per token within just 48 hours, propelling its market cap to $13 billion by January 19.
This impressive rise has sparked a major shift in the meme coin ecosystem, draining liquidity from other tokens. SHIB and PEPE have seen their market positions overshadowed, with SHIB experiencing a 9.4% decline in price and PEPE dropping 15.1% in just 24 hours.
Despite TRUMP Coin’s impressive growth, Dogecoin remains the reigning champion with a $54 billion market cap.
While TRUMP Coin has quickly gained attention, DOGE continues to benefit from its strong community, celebrity endorsements, and established history.
Furthermore, DOGE’s whale activity signals renewed investor optimism, which could help it maintain its dominance. The TRUMP Coin surge has also boosted Solana (SOL), the blockchain hosting the token, which reached an all-time high of $280.
However, the big question remains: Can TRUMP Coin challenge DOGE for the top spot in the meme coin market? As the cryptocurrency landscape continues to evolve, this new challenger is one to watch in 2025.
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