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Cryptocurrency News Articles

Solana-Based Meme Coins Catch the Attention of Wealthy Investors, Targeting Significant Returns

Feb 08, 2025 at 09:38 pm

These five digital tokens have caught the attention of major backers from the POL community. There's growing anticipation that they might offer significant returns.

Solana-Based Meme Coins Catch the Attention of Wealthy Investors, Targeting Significant Returns

Solana-based meme coin saw an impressive surge, rising to a market cap of $9 billion and peaking at over $15 billion. Marketed as a meme coin, $TRUMP has sparked curiosity among crypto enthusiasts and political followers alike. Despite its association with Trump, the coin’s website states it has no political affiliation or investment purpose and does not link to any political campaign or government entity. However, 80% of its total supply is controlled by entities affiliated with the Trump Organization, who will receive revenue from trading activity. This raises questions about potential long-term tokenomics and insider holdings. With its rapid price swings and meme coin status, $TRUMP remains a volatile yet intriguing entry into the crypto space, merging politics, speculation, and blockchain technology.

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Other articles published on Feb 09, 2025