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Trump Coin Outshines Dogecoin, Shiba Inu as Memecoin Market Hits New Milestone

Guavy AI Editorial Team
Instruments
DOGE SHIB DOG MEME TRUMP TRU
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The cryptocurrency market's recovery has brought memecoins into focus, and one token, Official Trump (CRYPTO: TRUMP), is outperforming its peers. Since August began, TRUMP has surged 57% in value, with most of the gain happening in just seven days.

This puts it ahead of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which rose 24% and 7%, respectively. The total memecoin market cap has increased by 31% to $30.64 billion since the start of August.

TRUMP's open interest jumped 57% over the past week, reaching $188.72 million. This increase in derivatives trading is likely driven by its spot price momentum.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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