TRUMP, the meme coin inspired by former U.S. President Donald Trump, briefly overtook Shiba Inu (SHIB) in market capitalization, earning the title of the second-largest meme coin.
The rapid ascent fueled speculation about whether Dogecoin (DOGE), the reigning meme coin, could be next on TRUMP’s target list.
However, this explosive rally was short-lived, as TRUMP slipped back to the 18th position following mass profit-taking, trailing just behind SHIB.
As TRUMP continues its climb, outperforming prominent tokens like PEPE, UNI, and TON, it appears poised to keep drawing liquidity from across the market. However, whether TRUMP can surpass DOGE remains uncertain.