TRUMP Meme Coin Briefly Overtakes Shiba Inu (SHIB) in Market Capitalization

TRUMP, the meme coin inspired by former U.S. President Donald Trump, briefly overtook Shiba Inu (SHIB) in market capitalization, earning the title of the second-largest meme coin.

The meme coin TRUMP briefly became the second-largest meme coin by market capitalization, overtaking Shiba Inu (SHIB).

Rising rapidly after its launch, TRUMP’s market cap reached $15 billion within 36 hours, placing it 14th in the global crypto rankings on Sunday. At its peak, TRUMP’s fully diluted valuation (FDV) exceeded $70 billion, making it the sixth-largest FDV in the crypto market.

However, TRUMP slipped back to 18th place following mass profit-taking, placing it just behind SHIB, which was ranked 17th at press time.

The SHIB community reacted strongly to TRUMP’s brief dominance. Lead developer Shytoshi Kusama acknowledged the milestone in a comment on a community member’s screenshot showing TRUMP’s rise over SHIB, calling it a “temporary achievement.”

"Wow, indeed. Congrats to the President of the United States for this temporary achievement,” he tweeted.

Earlier, Kusama tweeted “We bow to no meme” in response to a viral meme depicting various memecoins bowing to TRUMP.

Shiba Inu ecosystem’s lead marketer LUCIE also commented on the development, tweeting, “No, I don’t buy any Trump coin. I'm down bad, just like the rest of the SHIB Army, holding the same coins. But I believe things will go well for crypto. Some will run first, some later—what’s important is not giving up.”

With TRUMP briefly solidifying its position as the second-largest meme coin, the crypto community is speculating about whether it can dethrone Dogecoin (DOGE).

According to CoinGecko, TRUMP would need to hit $300 per token to surpass DOGE’s current market cap of $58 billion.

Given that TRUMP has already achieved an impressive market cap and FDV, some observers believe such a milestone may not be unrealistic.

"There’s a decent argument for $TRUMP to go absolutely ballistic to $100B circulating market cap/$500M FDV and flip DOGE. Trump’s brand is far more attractive than a random dog coin,” tweeted Mechanism Capital co-founder Andrew Kang.

Popular crypto analyst Dr. Profit also expressed optimism, comparing TRUMP’s trajectory to DOGE’s meteoric rise in 2021. “If $TRUMP follows the same path, its price could hit between $350 and $500 in the coming months,” he predicted.

As TRUMP continues its climb, outperforming prominent tokens like PEPE, UNI, and TON, it appears poised to keep drawing liquidity from across the market. However, whether TRUMP can surpass DOGE remains to be seen.

TRUMP was trading at $67.66 at press time, reflecting an impressive 100% surge over the past 24 hours. In contrast, DOGE was priced at $0.39, experiencing a 3.50% decline during the same period.