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šŸš€ Trump Coin (TRUMP) Surges: $1.6B Volume Fuels Rally – Can It Overtake BONK and PEPE?

šŸš€ Trump Coin (TRUMP) Surges: $1.6B Volume Fuels Rally – Can It Overtake BONK and PEPE?

Author:
Cryptonews
Published:
2025-07-23 16:47:04
14
3

Meme coin mania refuses to die—Trump Coin (TRUMP) just pumped its way into the spotlight with a staggering $1.6 billion trading volume. Traders are piling in, betting this political-themed token might outshine BONK and PEPE in the meme coin hierarchy.

### The Volume Tells the Story

When a coin racks up $1.6B in trades, it’s either a pump-and-dump in disguise or a legit contender. TRUMP’s price action suggests the latter—for now. But let’s be real: in crypto, today’s darling is tomorrow’s dust.

### Flipping the Meme Coin Script?

BONK and PEPE have dominated the meme space, but TRUMP’s sudden liquidity surge hints at a shakeup. Retail traders love an underdog—especially one with a built-in cult following.

### Proceed with Caution (and Cynicism)

Sure, the charts look bullish. But remember: this is crypto, where fundamentals are optional and hype is the only real currency. Trade accordingly.

Is This the Start of The Next Trump Wave?

CoinGlass derivatives data shows a surge in speculative demand, with open interest hitting $555 million, matching levels last seen during the buildup to the Trump coin presidential Gala dinner.

TRUMP coin Open Interest. Source: Coinglass.

TRUMP coin Open Interest. Source: Coinglass.

Traders appear to be positioning for continuation, leaning heavily bullish with a long/short ratio of 3.81 on Binance, almost 80% are betting on further price increases.

This comes with a rapid rise in the altcoin season index, increasing from 20 to 53 since the month began, though still far from the 75 considered a full altseason.

Altcoin Season Index. Source: Coinglass.

Altcoin Season Index. Source: Coinglass.

Retail investors are re-entering the market with renewed appetite for alternatives to Bitcoin, but the door is open for further demand as bullish sentiment grows.

Trump Coin Price Analysis: Can TRUMP Enter the Meme Coin Top 3?

This new volume appears to support bullish technical developments, confirming a breakout from a symmetrical triangle pattern that’s been forming since the mid-April market bottom.

Trump coin price 4-hour chart, symmetrical triangle breakout. Source: TraidingView, Binance.

TRUMP / USDT 4-hour chart, symmetrical triangle breakout. Source: TradingView, Binance.

While post-breakout momentum has stalled at $11.65, the pattern projects a 128% MOVE higher to retest the year-to-date high around $24.50.

However, this bullish case currently tests a make-or-break level with immediate support at $10.60 acting as the final buffer before a potential fall back below the triangle’s upper trendline.

This WOULD rule out the move as a false breakout and reopen the pattern for further consolidation.

Momentum indicators offer a mixed signal. The RSI has reclaimed neutral ground NEAR 50 after cooling from overbought territory at 80, suggesting a more stable base.

But the MACD line warrants caution as it continues to widen its gap below the signal line. While a lagging indicator, it could suggest that the short-term downtrend is not yet over.

If fully realised, the breakout would reflect a $4.8 billion market cap, enough to surpass BONK and reenter the meme coin top 4, though still trailing PEPE’s $5.7 billion.

Top 5 meme coins by market cap. Source: Coinmarketcap.

Top 5 meme coins by market cap. Source: CoinMarketCap.

To reach higher, TRUMP will likely need further catalysts to spur demand, like the CLARITY Act expected to pass in October, or a social spark like a shill from Donald Trump himself.

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