Turbo Trump Meme Coin Soars 22,589%, Eco-Friendly Bitcoin ICO Hits $3M Milestone
The new Turbo Trump meme coin has rocketed by over 20,000% in the past 24 hours, with the Base blockchain-based token listing on SushiSwap yesterday.
Meant to tie in with the upcoming presidential election and piggyback on Donald Trump’s popularity/notoriety, Turbo Trump (PRESI) is the latest in a long line of meme coins to have appeared in recent months.
However, it’s not clear how much longevity the token will have, with its existence as a “fan version of the original Turbo Trump” coin suggesting that it doesn’t have an experience and professional team behind it.
Nonetheless, there are fundamentally stronger alternatives in the market right now, with the new Green Bitcoin (GBTC) cryptocurrency raising over $3 million in its increasingly popular presale
PRESI has already gone through a few ups and downs despite listing only a day ago.
It experienced a little surge upon listing, as do most new meme coins, and while it has declined on numerous occasions since then, it has largely held onto its initial gains.
However, it’s very hard to say what will happen from here on out, with the coin’s volume drying up in recent hours.
In fact, DEXTools data shows that the coin has only 101 holders, with a 24-hour liquidity of only $60,000.
This makes it an extremely tiny meme token, and suggests that it could dump suddenly in the not-too distant future.
Its online footprint also doesn’t inspire much in the way of confidence, with its X account revealing it’s a “fan version” of an earlier Turbo Trump coin.
It currently has 125 followers on X, also indicating its very small stature.
In light of all this, the Turbo Trump meme coin is likely to suffer a steady and terminal decline at some point in the near future, even with the ongoing bull market.
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