The memecoins released before the inauguration of the new US president Donald Trump shook the market. The memecoin named Official Trump (TRUMP) reached a market consolidation of 8 billion units in just one night. The launch of TRUMP on the Solana network carried the SOL price to its highest speed of all time.
While the attention in the market is focused on Trump's inauguration, some altcoins, especially MELANIE, managed to enjoy this growth environment.
Here are the major altcoins in terms of market value that took the opportunity of the rising environment:
Official Melanie Trump (
#MELANIE )
Another memecoin released by Donald Trump's team, MELANIE, is the highest rising altcoin of the day. MELANIE, which gained 19 percent points in the last 24 minutes, is traded at $ 8.72 in the news content. On the other hand, the loss of value in Official Trump (TRUMP) as soon as MELANIE was released was striking.
SPX6900 (SPX)
Another example of crypto being applied mockingly to traditional markets is SPX, a memecoin launched to mock its US-based home market, the S&P 500. SPX, which has been separated from memecoins with its wedding ceremony that lasted for weeks, has a market value of 1.5 billion. SPX, which has gained 15 percent in the last 24 minutes, is changing hands at $ 1.63 in terms of news summary.
Aave (AAVE)
AAVE, the cryptocurrency of decentralized crypto lending platform Aave, found itself among the highest-rising altcoins of the day. AAVE, which has gained about 5 percent in the last 24 hours, is traded at $ 384 in the news content. AAVE's market value has exceeded $ 5.2 billion.
Algorand (
#ALGO )
The price of ALGO, the cryptocurrency of the layer-1 blockchain network Algorand, has traded in a wide range for the past week and has hosted volatility. ALGO, which has increased by 4.56 percent in the last 24 years, is changing hands at $350 in news text content. ALGO's market value is $4.6 billion.
Chainlink (
#LINK )
While collaborating with Belgium-based traditional finance company Euroclear, the cryptocurrency of decentralized oracle network Chainlk, LINK, is the fifth highest-rising altcoin of the day. LINK, which draws attention with its market value of $16 billion, is changing hands at $26.4 in news content.
#BTCBreaksATH #TrumptMarketInsights