$TRUMP The Meme coin experienced a remarkable 71% increase, reaching an intraday high of $16.17, following the announcement of a dinner event hosted by President Donald $TRUMP for the top 220 holders. This event, scheduled for May 22 in Washington, D.C., is part of a broader crypto initiative by Trump and his family, which includes Melania Trump's $Melania token and the Liberty One Financial stablecoin venture.
๐ Market Highlights.
Top Performers: Dogecoin continues to lead the meme coin market with a price of $0.4197 and a market cap of $61.6 billion. Other notable performers include Shiba Inu and Pepe, reflecting the growing influence of meme coins in the crypto market.
๐ Market Trends & Dynamics
Dominance in Q2 2024: Meme coins emerged as the most popular narrative in Q2 2024, accounting for 14.3% of the crypto market share. This trend was driven by a broader bullish crypto market, renewed focus on community engagement, and the influence of key figures like Elon Musk