- STRUMP exploded by +300% early in the week after launching on Solana.
- The surge was part of a broader trend within meme coins linked to politics.
On 29th May, the Super Trump [STRUMP] memecoin rallied by more than 200% and was among the top trending coins on CoinMarketCap.
Over the past couple of days, the memecoin posted over +350% gains, jumping from below $0.005 to over $0.02. The upswing was part of a broader memecoin trend, especially within the ‘PoliFi’ ecosystem.
Source: STRUMP/USD, TradingView
One of the memecoin watchers, Tyler, noted that most memecoins linked to Donald Trump recorded massive surges on 29th May. He said,
‘Political meme coins stay hot. In the past day: $TRUMP +20% to $680M, $MAGA +20% to $220M, $BODEN +25% to $230M, $STRUMP (Super Trump) +186% to $31M. The TRUMP coin on ETH is clearly leading the way and is now the 8th biggest meme coin by market cap. Polifi has become too big to fade’
The STRUMP project claims that 0.8% of the wallet is reserved for Trump, emphasizing the community’s dedication to the former president.
Trump has reinforced his pro-crypto stance, which has resonated with the crypto community. This might explain the resurgence of tokens bearing his name or brand.
However, STRUMP’s rally spiked after it launched on Solana. The project first debuted on Ethereum [ETH] in March before expanding to Solana [SOL] over the weekend.
‘We are not even 24 hours past the #SUPERTRUMP launch on #SOLANA and already have great support around 4 million MC. Almost 1 million in volume and up 485.970%!’
However, as of press time, the meme coin had cooled off from the rally. According to CoinMarketCap data, it was trading at $0.006, about 50% down from a record high of $0.012 hit early Wednesday.
