Why Is Trump Memecoin Soaring As Bitcoin, Ethereum Tumble?

The Official Trump (CRYPTO: TRUMP) memecoin erupted into a double-digit rally on Wednesday amid reports that the project’s issuer is in talks to buy crowdfunding platform Republic.

TRUMP Overshadows Bitcoin, Ethereum

The Solana (CRYPTO: SOL)-based token jumped nearly 13%, becoming one of the market’s biggest gainers in the last 24 hours. Trading volume surged 50% to $2.75 billion, indicating high liquidity and trader interest.

TRUMP shrugged off declines in blue-chip currencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which fell 1.54% and 1.18%, respectively.

See Also: Eric Trump …

Full story available on Benzinga.com