The Rise of $TRUMP: Can It Challenge Pepe Coin for the Title of the Third-Largest Memecoin in the Market?

Launched on January 17, 2025, the $TRUMP token quickly captured attention, fueled by an announcement from President-elect Donald Trump himself.

The launch of the $TRUMP token on January 17 has sparked speculation in the cryptocurrency community, especially regarding its potential impact on the memecoin hierarchy.

With Pepe Coin currently holding the third-largest position among memecoins, questions have arisen on whether $TRUMP could challenge this ranking.

As of now, Pepe Coin is trading at $0.00001888, showing an 8.12% drop over the last 24 hours.

Pepe Coin Responded to $TRUMP with a Price Drop

While Pepe Coin has seen some consolidation, it remains a top performer among meme coins. However, with $TRUMP recently hitting $21.7 and showing strong demand, the competition between the two coins is heating up.

This rapid price rise has sparked speculation on whether it could challenge Pepe Coin for the title of the third-largest memecoin in the market.

The token, which was announced by President-elect Donald Trump himself, quickly gained attention upon its launch on January 17, 2025. Trump shared the launch news via his social media platforms, including Truth Social and X, propelling the token to new heights. Within hours of its debut, the price skyrocketed from $0.7 to $21.7, briefly reaching an all-time high of $24.50. As of now, it is trading at around $21.7, securing its place as the fourth-largest memecoin by market capitalization.

The token’s success is not just a product of Trump’s personal endorsement but also the promotion of influential figures in the crypto community. Notable investors, including Anthony Pompliano, have expressed their enthusiasm for the new coin, hinting that it could become the next big thing in the meme coin space.

Pepe Coin, on the other hand, is a frog-themed cryptocurrency that launched in 2023. The token saw a similarly aggressive rally upon launch like $TRUMP, to peak at $0.00002825 in December 2024. It has, however, seen some consolidation and currently trades at $0.00001888 with a market capitalization of $7.94 billion.

While Pepe Coin remains one of the top meme coins, many questions have been raised on whether the sudden surge by $TRUMP means it could overtake Pepe for third place in the near future. With its market cap recently surpassing $4.3 billion and trading volume hitting $5.16 billion, $TRUMP has shown significant demand, though it remains to be seen whether the momentum will last.