The official TRUMP token has undergone a sharp surge, seeing a 25% rally, with BTC maintaining its $97,000 price mark. The token took advantage of the momentum to hit $23, a little bit off its all-time high in February.
The meme coin market saw greens on the day that heavyweights like Ethereum registered marginal drops. The cumulative meme coin market cap saw a 4% rise to stand at $75 billion. Meanwhile, Pepe and Dogecoin are still trying to keep the momentum as trader’s sentiment returns to neutral.
Official TRUMP trading volume rises by 297%
According to market performance, Official TRUMP led the market rally, cementing its place as one of the top gainers of the week. The token, which saw a 25% rise, saw its trading volume move to 297%. With the token standing at $21 at press time, its trading volume is presently at $7.35 billion.
According to data available on CoinGlass, $19 million worth only long and short bets on the token were liquidated in the last 24 hours. About $12 million of the liquidations were short bets, representing 65% of the entire figure. The bets meant the traders expected the token to continue its decline, after coming off a week where it majorly registered a decline.
Dogecoin and WIF post greens
The biggest meme coin Dogecoin has been battling with selling pressure, dropping by 30% in the last 30 days. Lately, the token is mounting a resurgence, gaining 17% over the past 7 days. The token price also registered a 4% rise in the last 24 hours, pushing its price to $0.278 and a trading volume of $2.4 billion.
Dogwifhat, another meme coin, saw a 3% surge that erased its losses over the last week. The token is trading at $0.706 at press time. Meanwhile, Official MELANIA failed to perform a reversal like the TRUMP token. The token has lost 5% in addition to the 81% that it lost upon creation. While its trading volume hit $127 million after a 133% rise, the token is trading at $1.36.