Memecoins related to President Donald Trump are in the spotlight this Thursday (22), driven by a combination of renewed market activity and the holding of Donald Trump's Gala Dinner. The memecoin TRUMP rises with a 71.7% increase in the last month, with its market value surpassing $3 billion again and trading volume showing strong growth.
The memecoin MELANIA has risen 12% this week and is approaching a possible 'Golden Cross'. Additionally, another rising memecoin is LOFI, which has recovered 9% in the last 24 hours, even in the wake of the impact from the hack on the Cetus Protocol that affected the entire ecosystem. The three tokens operate close to important technical levels, with projections that volatility will remain high.
MELANIA recovers part of the initial momentum
Inspired by the First Lady of the United States, the memecoin MELANIA gained attention when it was launched just one day after the official TRUMP token, reaching a market value of $1 billion in just a few hours.
Despite the initial impressive performance, the token underwent a severe correction, losing 90% of its market capitalization in the following months. The sharp rise and fall trajectory reflects the unstable nature of politically themed memecoins, heavily influenced by retail investor behavior.
Price Analysis MELANIA. Source: TradingView.
Now, with the highly anticipated Trump Gala Dinner scheduled for today, MELANIA begins to regain some of its momentum.
The token rose 12% in the last week, and its exponential moving averages (EMAs) indicate a possible formation of a golden cross — a technical signal that may point to an upward trend. If this scenario materializes, MELANIA may test resistances at $0.426 and $0.488, with the possibility of breaking towards $0.574 if the appreciation pace intensifies.
Despite this, risks remain. If the support at $0.382 is lost, the price may retreat to $0.357 or even $0.315.
Official Trump (TRUMP)
Release date: March 2025
Total circulating supply: 199.99 million TRUMP
Maximum supply: 999.99 million TRUMP
Fully diluted valuation (FDV): $15.42 billion
Contract address: 0x5c85d6c6825ab4032337f11ee92a72df936b46f6
With the gala event happening this Wednesday (22), the spotlight turns again to the memecoin TRUMP, which is steadily rising throughout the week.
At its peak, the market value of TRUMP reached nearly $9 billion in just a few days, fueling headlines and intense speculation in the market. Despite the slowdown after the peak, the asset remains one of the highlights of the politically themed memecoin segment, still commanding significant interest, especially during high-profile events related to Trump.
Price Analysis TRUMP. Source: TradingView.
TRUMP accumulated a 21.3% increase in the last seven days and 71.7% in the last month, raising its market value above $3 billion again. Trading volume also recorded significant growth, rising 29% in the last 24 hours and reaching $2.37 billion — another indication of a resurgence in buying momentum.
From a technical standpoint, TRUMP is trading just above a critical support at $15.31. Maintaining this level could open the door for a new test of resistance at $16.44. On the other hand, losing this level could trigger a correction down to $13.60, with potential further declines to $12.16 and $10.37 in case of increased selling pressure.
LOFI
Release date: November 2024
Total circulating supply: 1 billion LOFI
Maximum supply: 1 billion LOFI
Fully diluted valuation (FDV): $62.86 million
Contract address: 0xf22da9a24ad027cccb5f2d496cbe91de953d363513db08a3a734d361c7c17503::LOFI::LOFI
LOFI has emerged as one of the most relevant memecoins within the SUI ecosystem, driven by strong retail investor enthusiasm and surpassing various competitors in recent weeks.
However, the scenario deteriorated quickly after the $260 million attack on the Cetus Protocol, the main liquidity provider on the SUI network. The offensive — attributed to an oracle failure and confirmed as a coordinated exploit — forced the complete suspension of Cetus operations.
The consequences were immediate: tokens across the SUI network, such as LOFI and HIPPO, recorded drops of up to 80%, while various liquidity pools remain frozen on several platforms.
Price Analysis LOFI. Source: TradingView.
Despite the turbulent scenario, LOFI showed signs of recovery, with an increase of almost 9% in the last 24 hours.
If the positive movement continues, the token may retest the resistance at $0.076, indicating a possible return of confidence in the asset.
However, technical risks remain high. If support at $0.056 is broken, the price may retreat to $0.040, with the possibility of further decline to $0.0275.
The article Memecoins TRUMP and MELANIA rise before presidential dinner was first seen on BeInCrypto Brasil.
