A new Trump campaign coin has surged today after listing on Uniswap, becoming the latest in a long line of Trump-related tokens to piggyback on publicity from this year’s US election.
Imaginatively named Boost Trump Campaign (BTC), the new token has gained by over 30,000% since listing yesterday.
However, the coin has actually declined by 66% since reaching a peak of $0.0000218 in the early hours of the morning.
Traders may therefore be better off looking at new meme tokens with stronger fundamentals, with Dogeverse’s presale suggesting that it could be one of the big new launches of the year.
While Boost Trump Campaign coin has fallen since reaching its current high, it’s worth pointing out that its data looks a little more encouraging than we’ve found with many other junk meme tokens this year.
For one, its trading volume has completely fallen away since the aforementioned peak, and currently stands at $15 million.
This is pretty good for a token that launched a day ago and that has pretty much no backing or presence, with the coin also having over 2,000 holders at last count.
This is hardly an awe-inspiring number, yet it’s distinctively healthier than what we’ve witnessed with other meme tokens.
Boost Trump Campaign therefore has a comparatively better chance of enjoying a rebound in the coming hours and days, even if it would be a stretch to say this is likely.
Boost Trump Campaign is on
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