Memecoin Mania: $TRUMP Surges 490%, $MELANIA Launches, and Coinbase Base Eyes $100B – Jan 20

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Bitcoin (BTC) is currently trading at $101,502, down 3.16% over the past 24 hours after peaking above $106,000 earlier today. Meanwhile, Ethereum (ETH) sits at $3,239.25, reflecting a 3.61% drop in the same timeframe. Despite these price dips, market sentiment remains optimistic, with the Crypto Fear and Greed Index holding steady at 61 ('Greed'), suggesting continued bullish confidence.

 

The crypto market has entered a new phase due to the Trump effect. Bitcoin reached a record $106,000, while memecoins surpassed the broader market with double-digit gains. Donald Trump launched the official $TRUMP memecoin that quickly rose to a multibillion-dollar valuation this weekend. Meanwhile, Coinbase’s Base network has set bold goals for 2025, including $100 billion in on-chain assets. This article provides technical info on each development and highlights the core metrics behind the ongoing crypto market bull run.

 

What’s Trending in the Crypto Community? 

  • Trump’s personal meme coin TRUMP launched, reaching a peak market cap of $70 billion.

  • Melania Trump’s meme coin, $MELANIA, has achieved a circulating market cap exceeding $13 billion and is set to be listed on KuCoin today.

  • TikTok officially went offline in the U.S. on January 19th, only to announce its return less than 12 hours later.Trump declared on Truth Social: "Saved TikTok." and  announced plans to sign an executive order next Monday to prevent TikTok’s shutdown.

  • Vitalik: The Ethereum Foundation is undergoing major leadership restructuring.

 Crypto Fear & Greed Index | Source: Alternative.me 

 

Trending Tokens of the Day 

Top 24-Hour Performers 

Trading Pair 

24H Change

FARTCOIN/USDT

+21.32%

SOL/USDT

-5.62%

TRUMP/USDT

+70.40%

 

Trade now on KuCoin

 

Bitcoin Hits $106,000 and Memecoins Surge 10% Over the Weekend

Source: CoinGecko

 

Bitcoin (BTC) jumped 5.1% in the last 24 hours to trade at $106,000. It had corrected last week after strong U.S. labor data triggered a pullback from $101,000 down to $90,000. The U.S. consumer price index (CPI) for December rose 0.4% monthly, meeting expectations. This outcome drove risk appetite higher and sparked a 9% BTC price jump. Altcoins also rallied. XRP rose above $3.40 on Jan. 16. Ethereum (ETH) reached $3,506.11, up 4.4% daily. Solana (SOL) climbed 2.2% to $218.24. BNB added 1.6% to $726.72.

 

Memecoins Surged by 10% in the Last 24 Hours

Memecoins surged 10%, beating the market average of 5.7%. Data from Artemis shows Popcat (POPCAT) leading among the top 200 memecoins, with 19% gains in 24 hours. Solana-based Bonk (BONK) gained 13%, Dogwifhat (WIF) rose 5.5%, and Pepe (PEPE) climbed 12%. Dogecoin (DOGE) and Shiba Inu (SHIB) saw 8.5% and 8.9% increases, respectively. 

 

Derivatives exchange tokens jumped 8.1%, while AI and DePIN tokens rose 6.4% and 6.8%. Centralized exchange and real-world asset (RWA) protocols posted smaller gains of 5.6% and 3.8%.

 

Read more: The History of Bitcoin Bull Runs and Crypto Market Cycles

 

The Official $TRUMP Memecoin Grows Over $50 Billion In Under 48 Hours

Source: CoinGecko

 

On January 18, 2025, the “OFFICIAL TRUMP” ($TRUMP) token launched on the Solana blockchain. Its price soared 490% within 24 hours. Market cap reached $8 billion in three hours and now stands at $5.7 billion, with a fully diluted valuation of $28.5 billion. Donald Trump shared the token via Truth Social and X, igniting a massive trading frenzy.

 

branding it as “the only official trump meme.” Within two days, it reached a fully diluted market cap above $72 billion at a price over $72 per coin. 80% of the supply is held by Trump Organization affiliates, bound by a three-year unlock schedule. Reports indicate Trump has embraced crypto and may soon label it a “national priority.”

 

Read more: What is the Official Trump ($TRUMP) Memecoin and How to Buy?

 

$TRUMP’s Major Impact on Solana 

Solana (SOL) rose past $270 and reached a new high of 0.081 ETH (with ETH at $3,358.64). Liquidity shifted from Ethereum-based memecoins into Solana-based tokens, causing dips for some ETH projects. Traders flocked to Solana to capitalize on fresh memecoin creation.

 

80% Of $TRUMP Supply In One Wallet

Source: Axios

 

Critics questioned the project’s credibility, citing the large concentration of tokens. Arkham Intelligence posted on X:

 

“Donald Trump's net worth is up $22 billion overnight, assuming CIC Digital LLC and Fight Fight Fight LLC, which collectively own 80% of the $TRUMP supply, effectively belong to him. What’s more, at the current price of around $28, that stake is worth $22.4 billion. ‘Forbes estimated the President-elect’s net worth at $5.6 billion in November 2024.”

 

If this assessment is accurate, Trump’s net worth could be multiplied by 5x.

 

Trump NFT Cards Soared on Polygon

Source: Magic Eden. Trump NFT trading volume. Trump NFTs Card Surges 400% Amid Memecoin Launch 3

 

CIC Digital LLC, which helped launch the memecoin, was also involved in Trump’s NFT ventures. Interest in Trump’s Digital Trading Cards on Polygon soared. The first collection has a floor price of $936.91 (up 12% in 24 hours) with 1,275 sales. It boasts a $93.5 million market cap and $2.44 million in daily volume. A second set trades at $213 (up 10% in 24 hours), with 2,133 sales. Its market cap is $22.6 million and daily volume is $940,000.

 

$MELANIA Launched Shortly After the Success of $TRUMP

Melania Trump launched her $MELANIA coin on Sunday January 19, 2025 shortly after President-elect Trump introduced his own digital token and became the first presidential candidate to accept digital assets through Coinbase Commerce. She announced “The Official Melania Meme is live You can buy $MELANIA now” on X. Observers note that $MELANIA’s total supply is 1,000,000,000 tokens with 250,000,000 in initial circulation and a 24-hour trading volume of 310,000,000 dollars, pushing its initial market cap beyond 800,000,000 dollars. The coin is minted on the Solana blockchain, chosen for its fast transaction speeds, low fees, and robust security features. According to sources, the memecoin is set to be listed on major exchanges like KuCoin on Jan. 20

 

Source: X

 

Coinbase’s Base Aims At $100 Billion In 2025

Source: BaseScan

 

Base is an Ethereum layer-2 developed by Coinbase. It targets $100 billion in on-chain assets, 25,000 developers, and 25 million users by the end of 2025. It also plans to process 1 billion transactions by October 2025, increasing blockspace to 250 million gas units per second. Lead developer Jesse Pollak stated,“2025 is our year… the year we build together.”

Base focuses on advanced dev tools, innovative dApps, improved user experience, global liquidity, and robust infrastructure. Data from Token Terminal shows it surpassing Optimism and Arbitrum in monthly transaction counts. Backed by Coinbase’s ecosystem, Base has attracted prominent projects, including Bitcoin-backed loans. Pollak affirmed,

 

 “There are no plans for a Base network token. We are focused on building. And we want to solve real problems.”

 

Read more: Base Aims for $100B On-Chain Assets and 25M Users by 2025

 

Conclusion

As Trump’s inauguration on January 20 approaches, the “Trump Effect” continues to reshape the cryptocurrency market. The launch of the $TRUMP memecoin has ignited a surge in memecoin popularity, boosting prices and trading volumes, with $MELANIA quickly following suit. This trend underscores the growing intersection of politics and crypto, with blockchain technology redefining cultural and financial landscapes. The impact of $TRUMP has been particularly transformative for Solana, which has reached new all-time highs, attracting liquidity and enthusiasm from traders eager to capitalize on the latest memecoin boom. 

 

The question remains: will this momentum sustain as regulatory and market uncertainties persist, or will the Trump Effect redefine the trajectory of cryptocurrencies and memecoins for years to come? One thing is certain—2025 is shaping up to be a landmark year for digital assets.

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