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Pepe (PEPE), the popular crypto meme coin, has shown its intention for a massive rally following the breakout from prolonged consolidation and bullish price action. Along with major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), PEPE experienced a notable price surge of over 10% and broke the resistance it had been facing since the beginning of December 2024. According to CoinPedia’s technical analysis, PEPE, with today’s price surge, has broken out of a descending triangle price action pattern and cleared its path for a massive rally. However, this breakout during the current bullish market sentiment is more favorable for PEPE holders. Based on the recent price action and historical price momentum, if PEPE holds its gain and closes a daily candle above the $0.000020 level, it could soar by 38% to reach the $0.000027 mark in the coming days. At present, PEPE is trading above the 200 Exponential Moving Average (EMA) on the daily time frame, indicating an uptrend. Meanwhile, its Relative Strength Index (RSI) is still below the overbought zone despite a notable gain, suggesting that the asset has enough room to soar in the coming days.$PEPE

In the lead-up to Donald Trump’s inauguration, the crypto world has been hit with news of a new meme coin linked to the president-elect. The cryptocurrency, launched on the Solana blockchain, has seen a dramatic rise in its market capitalization, reaching $10 billion in just a few hours. However, skepticism surrounds the legitimacy of the coin, with many questioning whether Trump’s official social media accounts have been The excitement surrounding this development has created a stir in the market, especially as the inauguration day draws near. This launch has also triggered a wider debate in the crypto community. Supporters argue that this could be a sign of a new era for cryptocurrency, with Trump’s involvement signaling mainstream acceptance. On the other hand, critics warn that the launch of a meme coin by a sitting president may be a risky move, questioning its impact on the legitimacy of cryptocurrencies.$TRUMP

President-elect Donald Trump has reportedly launched a new Solana-based memecoin during the early Asian trading hours today. Notably, the token launch was a surprise with no prior launch details. The new TRUMP memecoin has made its market debut just 3 days ahead of being sworn in for his second term in the White House. With this, the social trend for this memecoin skyrocketed. Further, the crypto community fled the internet with questions like “How to buy Trump Coin?” and “Where to buy Trump Coin?” In this article, we uncover the Tokenomics and fundamentals of the latest viral Solana-based memecoin. Following the news, traders stacked the TRUMP coin immediately. This resulted in the memecoin experiencing hundreds of millions of dollars worth of trading volume within the first few hours. While some speculated it to be a red flag, Trump’s “X” and “Truth Social” posts cleared all doubts and it appears that this is a legitimate Trump meme coin launch. The launch confirmation expressed immediate excitement, confusion, and skepticism in the cryptocurrency space. The prime reason as this is a familiar hallmark of many celebrity meme coin scams that have launched in the market recently.$TRUMP

A crypto expert named Conor recently made a post on X, noting that Trump has sold nearly $500 million worth of meme coins thus far. He further added that the Trump team controls 85% of the supply. These are the pros and cons of the TRUMP meme coin, so make sure to conduct thorough research before going long or investing for the long term.$TRUMP

Despite the significant attention from traders, investors, and crypto whales, one concern raising alarm is the distribution of TRUMP’s holdings. According to data from Phantom Wallet, the top 10 holders currently own 86.47% of the total supply, meaning there is a possibility of pump-and-dump schemes, price manipulation, and other potential risks. Currently, there are only 200 million TRUMP coins in circulation, while the max supply is 999.99 million. This means that 800 million TRUMP meme coins have yet to be circulated, which could create selling pressure and lead to further price decline.$TRUMP