After OFFICIAL TRUMP’s emphatic market debut this weekend, during which it rose to a $14.92 billion market cap without issue, it now faces strong selling pressure.
Traders rotated out of $TRUMP into Melania Meme, a new meme coin created by Donald Trump’s wife, Melania Trump. This caused the $TRUMP price to pull back by 35%. Is it a good time to buy?
Expect More Volatility Through Trump’s Inauguration
It’s Donald Trump’s inauguration day to become US president, and cryptocurrency traders are on the edges of their seats to see what’s in store for the industry. The advent of $TRUMP has added even more anticipation.
However, the recent selloff of $TRUMP indicates that there will now be some fear among holders. This means the inauguration may not necessarily be an instant bullish event for the token since some holders may use it to sell. Expect more volatility in the coming days.
But the fact that $TRUMP is a cryptocurrency created by the US president is significant. Analysts anticipate $TRUMP to recover its losses and continue rising, which wouldn’t be surprising given that he will be in the public limelight for the next four years.
$trump to recover
$meliana to slowly bleed
just my guess
— lyxe (@cryptolyxe) January 20, 2025
However, with $TRUMP being a no-utility meme coin and holding a market cap of almost $10 billion, or $44 billion when counting the tokens yet to unlock, the upside is significantly capped.
With that, here are five other meme coins that could offer more upside potential in the months ahead:
Wall Street Pepe
Wall Street Pepe is a new meme coin that focuses on giving its users an edge in the market. The project offers trading signals, an insider trading group, staking, meme coin picks, and trading rewards.
It’s inspired by the Wall Street Bets Reddit movement, which saw a community of retail traders team up to outmaneuver institutional players. However, Wall Street Pepe integrates the Pepe meme and aims to outplay crypto whales.
The project is currently undergoing a presale, which has raised $52 million so far. According to the website, the presale will end in 27 days.
Visit Wall Street Pepe Presale
Solaxy
As the $TRUMP price crashed and $MELINA started to rise, the transaction failure rate on Solana surged higher, with many users unable to take trades at their desired prices. This highlights the congestion issue Solana has faced for years – and that’s what Solaxy fixes.
The project is building Solana’s first layer 2 blockchain, which will make transaction throughput cheaper, faster, and more reliable.
By ensuring that users can seamlessly interact with Solana even during peak activity, Solaxy future-proofs the ecosystem.
$SOLX is undergoing a presale where it has raised $11.9 million so far.
Flockerz
Flockerz is a meme coin that focuses on decentralized governance. At a time when the world is watching US politics and the President-elect has launched his own meme coin, any project with an innovative governance model could do well.
The project offers a Vote-to-Earn mechanism, which allows users to vote on governance decisions and pays them for it.
Flockerz is also undergoing a presale, but this will end in two days, and then $FLOCK will list on exchanges. This could be perfect timing, given the high-interest levels in the crypto market right now.
MIND Of Pepe
MIND Of Pepe is another utility-based meme coin that rides the Pepe hype wave. However, this project integrates utility through an AI agent.
The MIND Of Pepe agent operates its own X account and crypto wallet and can spot emerging trends, launch tokens, provide $MIND holders with exclusive alpha, and post on X.
It combines analysis, on-chain, and social activity, encapsulating the capabilities of three agents into one.
MIND Of Pepe is available to buy via a presale, with $2.5 million so far.
Meme Index
Meme Index is a new platform enabling users to purchase on-chain diversified collections of meme coins. Four baskets are available, ranging from low to ultra-high volatility.
These baskets offset some of the risk of concentrated bets on individual meme coins. For example, Trump is down 34% from its highs, while the broader meme coin market is down 9%.
Those who were overexposed to $TRUMP will have seen much more losses than those with a diversified portfolio.
The $MEMEX token is used to access the platform and provides governance and staking rights.
It’s undergoing a presale and has raised $2.5 million so far.
