Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

New Solana memecoin tops Trump token in market cap but suffers from low liquidity risks.

Market News
06 Jul 2026
Crypto Briefing
View Source
Bearish
pluang ai news

A new memecoin on the Solana blockchain has surpassed the market capitalization of the Official Trump token ($TRUMP), currently valued at around $398 million after a steep decline from its peak. However, this new token's liquidity is very low, raising concerns about its true value and sustainability since low liquidity can cause price volatility and difficulty in selling. The $TRUMP token itself saw a massive 97% drop from its all-time high, resulting in significant losses for nearly one million investors. This highlights the risks in memecoin investments, especially regarding liquidity and market cap figures that may not reflect actual tradable value.

More News (TRUMP)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App