Remember $TRUMP, Donald Trump’s meme coin that launched days before his inauguration as US president?

It peaked at $75 on January 19 and then took a dump to $39 the next day. It’s now $34.76 and isn’t showing any signs of recovery.

This doesn’t mean it won’t go back up – it might, but it could take some time. However, with Trump’s recent crypto executive order and the SEC’s rescinding of SAB 121, $TRUMP could pump sooner rather than later.

But until then, we’re looking at another meme coin in presale that’s showing stellar potential, Solaxy ($SOLX).

As the first Solana Layer-2 chain, it has a first-mover advantage that could propel it to the top of the crypto charts after listing.

Let’s discuss the context and how Solaxy could benefit and become the next meme coin to soar.

$TRUMP Token – A Presidential Pump and Dump or Volatility?

The OFFICIAL TRUMP token debuted on January 17, three days before Donald Trump’s presidential inauguration.

The news received more flak than praise, as many considered a meme coin launch to be unbecoming of the United States President.

We’re not here for politics, so we’ll address the impact it had on the crypto industry – very positive. The total crypto market cap benefitted greatly from $TRUMP’s launch.

The meme coin market cap also grew by $5B from January 17–19, followed by a significant dump on Inauguration Day (likely because Trump didn’t mention crypto or Bitcoin).

Still, there’s no denying that $TRUMP…dumped. Big time, even. From an all-time high of $75 all the way to $35 today, a 53.33% decrease.

But you also can’t deny the fact it’s stabilized at the $35–$40 level, even showing signs of upward potential every now and then.

This means one thing – investors haven’t lost hope. $TRUMP should still make a comeback. After all, it’s the one and only official Trump coin.

But if you’re looking for a more optimistic alternative and the next meme coin to soar, Solaxy might be just what you need.

Solaxy Presale Raises $13.9M and Promises to Remake Solana

Solaxy ($SOLX) is the first Solana Layer-2 chain in the world. It has multi-chain compatibility, is technically infinitely scalable, and promises zero downtime and network congestion for Solana transactions.

The coin launched on Ethereum but seamlessly bridges to Solana, which means you’re getting the best of both worlds in one project.

Solana is known for its network congestion and failed transactions, but Solaxy aims to fix that through robust liquidity, scalability, speed, and performance. Here’s how:

• Off-chain processing: By offloading transactions to the Layer-2 chain, Solaxy can reduce the burden on Solana, ensuring smooth and fast operations.
• Transaction bundling: Processing transactions in bundles rather than individually can optimize scalability, keep costs low, and improve throughput.
• Layer-1 settlement: By finalizing the transactions on Solana’s mainnet, Solaxy gains the blockchain’s robust security, ensuring user fund safety.

The presale has raised over $13.9M so far, with a token price of $0.001612. Investors have also staked over 4.1B tokens with a 275% staking APY.

In our Solaxy price prediction, we estimated it could reach $0.032 by the end of 2025, a 1,885% increase from its current price.

Given its first-mover advantage, $SOLX is showing clear potential, even when compared to other top meme coins on the market.

To buy it, go to the presale website, connect your wallet, and purchase $SOLX using one of the supported currencies.

But remember, this is no financial advice, and investing in meme coins always carries risks. Do your own research and understand that you can always lose your investment if volatility doesn’t play in your favor.

Vine Coin has recently emerged as the talk of the crypto town by witnessing major price gains and a listing. Notably, VINE price shot up nearly 60% on Friday as Binance unveiled a futures listing for the token. Further, in light of recent events such as Elon Musk fueled speculation over the revival of the Vine social media app, this new token has gained significant traction across the broader crypto industry.

Vine Coin Price Bullish As Binance Launches Futures Listing

In an official Binance announcement dated January 24, the crypto exchange revealed a perpetual contract launch for Vine Coin. As per the announcement, the crypto exchange’s futures division is launching the VINEUSDT perpetual contract with a maximum of 75x leverage for users at 10:00 UTC today.

As a result, the coin’s price saw considerable gains amid enhanced trade offerings and heightened market exposure. Moreover, the capped funding rate for the asset was set at +2.00% / -2.00% by the exchange. Altogether, the new futures listing on one of the top crypto exchanges has sparked substantial investor enthusiasm over the token’s future movements amid its recent hype.

Crypto Trader Makes Huge Returns Amid Vine Coin Price Surge

It’s also noteworthy that a crypto trader has made massive profits with Vine Coin, CoinGape recently reported. Notably, the token aided a crypto trader in turning a $270K loss into a $4.5 million profit with its massive price surge earlier. This saga has garnered further market attention towards the crypto amid Binance’s listing.

Elon Musk Fuels Speculation With Recent Comments

Simultaneously, it’s also worth considering that American billionaire Elon Musk’s recent comments around the revival of the Vine social media app have brought additional attention to the token. Notably, the Tesla & SpaceX lead recently posted about ‘bringing back’ the social media app, which appears to have added fuel to the fire surrounding the crypto.

Also, it’s worth mentioning that Rus Yusupove, the creator of the social media app, recently announced this new coin on X. Overall, these chronicles revolving around American prominencies have further bolstered the market sentiment for Vine Coin amid its recent price breakout.

VINE Shoots Up 60%

At the time of reporting, VINE Coin price witnessed a phenomenal 60% uptick in value and is currently trading at $0.2702. The coin’s 24-hour low and high were $0.1264 and $0.4289, respectively. Notably, the recent upward trajectory aligns with the heightened market interest amid Binance futures listing and speculations of the revival of the social media app.

Further, market watchers remain bullish on future movements in light of the abovementioned factors. Given that the social media app comes back to life ahead, the market sentiment orbiting this crypto could be further uplifted. Meanwhile, the futures listing paves the way for further money inflow into the token’s ecosystem, indicating more price gains are possible.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.