"Meme Coin Surge: $5B Boost in 24 Hours, Trump Coin Soars Amid Crypto Reserve News"

Generated by AI AgentCoin World
Monday, Mar 3, 2025 11:38 am ET1min read
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The meme coin sector has witnessed a significant surge, with a nearly $5 billion increase in value over the past 24 hours. This has led to the total market cap of meme tokens rising to $60.21 billion, as the broader crypto market cap surpassed the $3 trillion mark. Despite the seven leading meme coins experiencing a 24-41% decline over the past month, they are all showing signs of growth today.

Official Trump (TRUMP) and Dogwifhat (WIF) are leading the rally among the top meme coins, with gains of 10.25% and 14.77%, respectively. This surge comes on the heels of President Trump's announcement regarding the planned crypto strategic reserve, which sent the broader crypto market into a frenzy. AI meme tokens also saw gains of 5.62%, pushing their market cap past $1.5 billion.

In addition to established tokens, MIND of Pepe (MIND), an AI meme token still in its presale phase, is gaining momentum. Since its inception on January 13th, MIND has raised over $7 million, attracting investors with its dynamic pricing model and the promise of a MIND AI agent that will autonomously communicate with crypto influencers and launch its own tokens.

President Trump's executive order, signed in January, focused on developing a regulatory framework for digital assets. In a recent announcement, Trump confirmed that his pro-crypto administration intends to introduce a crypto strategic reserve consisting of five leading cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). Following this news, Official Trump Coin (TRUMP) skyrocketed from $13.44 to $17.54, although it has since dropped to $15.14.

Crypto analyst TylerDexter believes that TRUMP is headed toward the $26 mark this month, representing a potential soar of approximately 71%. This bullish outlook is supported by the token's long/short ratio of 2.04, which reflects trader trust in its short-term gain potential, with only 32.87% of traders shorting the token. However, TylerDexter also believes there's a solid chance for the token to dip to

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