TRUMP Coin Price Breaks Out — Is It The Best Meme Coin To Buy For May?

By: bitcoin ethereum news|2025/05/09 22:00:12

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Donald Trump’s meme coin, Official Trump (TRUMP), has finally joined the bull market party. After successfully defending the $11 support level, the TRUMP price has printed two consecutive green candles on Thursday and Friday, rallying by 15% and 11% respectively. Official Trump is currently trading at $14 at press time, with a market capitalization of $2.79 billion, up nearly 100% from its April 7th bottom. Several prominent analysts are viewing it as one of the best meme coins to buy now — after all, it is the official meme token of the President of the United States, who can pump its price in several ways. However, its centralized tokenomics, upcoming token unlock events, and the availability of better alternative investments are also a cause for concern. Blue chips like Pepe and Dogwifhat and low-cap coins like Moo Deng, Peanut the Squirrel and Solaxy are currently being viewed by experts as the best meme coins to invest in. TRUMP Price Prediction — How High Can It Go? Prominent analyst Nebraskangooner called the Official Trump breakout well in advance. He highlighted that the Solana meme coin needed to breach the $13.20 resistance for a bullish continuation, which has indeed resulted in a high-volume green candle on Friday. Several smart money investors had already invested heavily in it after the TRUMP price secured a monthly close well above the $13 mark and managed to defend the $11 support level during the early May correction. Official Trump’s 24-hour trading volume is just shy of $3 billion, higher than Dogecoin, which supports the possibility of a bullish continuation. It appears that several whales were caught off-guard by TRUMP’s explosive rally. Deep-pocketed sidelined investors are now FOMO buying it at slightly higher prices, with one whale investing $5.53 million at $14.16. TRUMP price predictions from prominent analysts remain distinctly bullish, anticipating the President’s meme coin to peak anywhere between $35 to $100. However, sidelined investors are wondering whether it is indeed the best meme coin to benefit from the ongoing bull run. For instance, its centralized tokenomics — with 80% allocated to the developer team and private stakeholders — is a legitimate cause of concern for investors, owing to the possibility of a rug pull. Similarly, President Donald Trump has announced a private dinner with the meme coin’s top 220 holders on May 22nd, which could be a sell-the-news event. The TRUMP coin is currently trading within an ascending wedge and is currently in an uptrend. However, it faces an extremely strong resistance level at $16. While swing trades might find it profitable to open a quick long position with a Take Profit order at $16, sidelined spot buyers should wait for a successful flip of the resistance to buy. Alternatively, they could wait for a successful retest of the $13.20 support level. Best Meme Coins To Buy Instead of TRUMP While TRUMP may not be a particularly attractive investment at its current price point, sidelined investors have plenty of options to choose from. For starters, they should increase their exposure to Pepe and Dogwifhat, considering that the two meme coins are acting as beta bets on Ethereum and Solana, respectively. In particular, Pepe appears poised for a rally to $0.000016 and continues to be one of the top meme coins to invest in. Among the low-caps, Moo Deng, Peanut the Squirrel, and Just A Chill Guy have emerged as attractive investments. A new Solana meme coin, Solaxy (SOLX), is also seeing significant FOMO buying from whales. Just today, a whale invested $190k into SOLX, adding to the list of six-figure investments that the meme coin has received in its presale. Behind such heavy whale investments, the SOLX presale has already raised over $34 million, which indicates a strong vote of confidence from buyers. Unlike most new meme coins, Solaxy is also a long-term investment, considering the project is also launching the first prominent Solana Layer-2 scaling solution. Experts believe that it could be seen as an integral part of Solana’s ecosystem, considering its ability to deliver low-latency transactions, zero downtime and exponential scalability, even during periods of heavy traffic. Unsurprisingly, prominent crypto influencers are viewing SOLX as one of the top meme coins to buy in May, with many eyeing up to 20x returns following its launch. Visit Solaxy Presale This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article . Source: https://en.cryptonomist.ch/2025/05/09/trump-coin-price-breaks-out-is-it-the-best-meme-coin-to-buy-for-may/

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