Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
TRUMP meme coin skyrockets 190% in 24 hours, surpassing SHIB and PEPE, while Remittix secures $3.85M for remittance growth.
The sudden TRUMP meme coin launch has stolen the spotlight from popular meme tokens like Shiba Inu (SHIB) and Pepecoin (PEPE). Early buyers of TRUMP experienced explosive gains, with the price currently around $54.90. This coin has seen an epic price jump of over 190% in just 24 hours, coming from $17.15.
This excitement has overshadowed other meme assets, leaving some SHIB and PEPE holders concerned about declining volumes and waning enthusiasm. Meanwhile, a different token known as Remittix (RTX) continues making strides in cross-border remittances, securing over $3,850,000 in funding so far!
Shiba Inu: Sliding demand
Recent data indicates that Shiba Inu is losing momentum. Although SHIB garnered fame for its enthusiastic community and rapid past surges, attention is shifting after the TRUMP meme coin launch. Some watchers argue that Shiba Inu no longer delivers the same buzz, especially as mainstream media focuses on the new TRUMP token’s wild price run.
While SHIB developers have teased expanded ecosystems and DeFi components, the immediate hype has cooled, possibly steering traders toward alternatives that promise more tangible returns.
Pepecoin: Another meme coin in trouble?
Similarly, Pepecoin is also feeling the effects of the TRUMP token’s meteoric rise. The coin’s value has dipped since Friday, slipping around 5% as investors chase bigger opportunities. Observers note that PEPE carved out a niche in the meme coin world by tapping into internet culture, but the overshadowing presence of the TRUMP token may challenge that strategy.
Many had believed PEPE had further room to run; however, the current downturn signals that meme coins can lose steam when a more dramatic story captures the market’s attention.
Trump meme coin launch: The frenzy explained
The TRUMP meme coin launch has been nothing short of dramatic. Officially rolled out on Solana, the token has soared to $54.90 from $17.15 in the last 24 hours, still boasting massive gains for early participants. Notably, the coin found listings on major custodial platforms and non-custodial exchanges, pulling in over $9.6 billion in trading volume and hitting a market cap near $6 billion.
Enthusiasts see the TRUMP token as an extension of the former president’s pro-crypto stance, while skeptics question whether hype alone can sustain these valuations. In the meantime, meme coin favorites like Shiba Inu and Pepecoin have taken a back seat.
Remittix: A different approach
Amid the meme coin chaos, Remittix pursues a more practical path. By letting users convert various cryptocurrencies into fiat and deposit funds straight into bank accounts worldwide, RTX tackles high fees and confusing remittance processes. The project has now raised over $3,800,000 and sold over 210,000,000 tokens at a new increased price of $0.0221, highlighting strong community support. While meme coins can vanish as quickly as they appear, Remittix offers a service that extends beyond internet jokes, something that might attract more stable, long-term interest.
Conclusion
The token scene rarely stands still. Shiba Inu and Pepecoin once dominated headlines, but the TRUMP token’s explosive debut changed the narrative almost overnight. Now, the field opens up for tokens like Remittix that prioritize real-world applications. Whether or not the TRUMP coin maintains its lofty position, the broader lesson is clear: hype can shift in a heartbeat, and projects offering tangible benefits may hold the key to long-lasting success in an ever-evolving crypto landscape.
To learn more about Remittix, visit the website and its socials.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
