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Crypto

Trump Coin Surges Past Dogecoin and Shiba Inu in Sudden Price Jump

Guavy AI Editorial Team
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DOGE SHIB DOG TRUMP TRU
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The cryptocurrency market has been experiencing a recovery lately, and among those gaining momentum are memecoins. One such token that has caught attention is the Official Trump (CRYPTO: TRUMP) coin.

According to Benzinga data, TRUMP has seen a significant surge in value since the start of August, with a 57% increase. This growth happened mainly within the last seven days. In comparison, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), two of the largest memecoins by market capitalization, rose 24% and 7%, respectively.

The Official Trump token also saw a substantial rise in open interest over the past week to $188.72 million. This increase in derivatives trading is attributed to the token's spot price momentum, as reported by Coinglass.

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