In April’s third week, the crypto market witnessed a bullish turnaround following Bitcoin’s recovery price to $90,000. The buying pressure followed the weakening U.S. dollar as President Donald Trump showed intent to fire Fed Chair Jerome Powell. Amid the renewed recovery, a new memecoin caught investors’ interest with an extraordinary growth of nearly 1600x.
Will the meme cryptocurrency sustain this recovery or just be another pump and dump?.
TRUMPOLY: A New Memecoin With Political Appeal
TRUMPOLY is a new meme coin that taps into the political zeitgeist, drawing inspiration from Trump’s popular slogan, “Make America Great Again.” The name itself plays on the word “monopoly,” giving it a playful, politically charged twist that appeals to Trump supporters.
Key information about the TRUMPOLY Coin, including its roadmap and project objectives, remains scarce and is yet to be revealed.
However, the asset caught the attention of crypto investors as its market cap bounced from a $3.94K low to $6.871 million during Tuesday’s market session, registering a 159,986% surge, or 1,597x growth. Simultaneously, the coin price rallied from $0.0000039 to the current trading value of $0.0061, accounting for a $156,000 surge.
The sudden surge accentuated the ability of meme cryptocurrency to offer unprecedented growth despite the uncertain market conditions.
Political Turmoil Fuels TRUMPOLY’s Popularity
The recent surge in TRUMPOLY could be tied to heightened political activity surrounding Donald Trump, with his ongoing media presence. His involvement in news stories, such as negotiations on tariffs and plans to fire Federal Reserve Chair Jerome Powell, could be drawing attention to these Politifi tokens.
According to the DEXTools platform, the top 6 holders of TRUMPOLY currently control 30.81% of the total supply. While such token distribution is common in the early stages of a token’s lifecycle, it may create centralization concerns if the percentage continues to increase.
The hourly chart analysis shows the rising price encountered notable selling pressure at $0.0068 resistance, evidenced by the long-wick rejection candles. This consolidation trend hints at a potential distribution phase among investors before a bearish pullback.
With sustained selling, the memecoin could seek support at $0.0045, followed by an extended pull to $0.003.
Due to limited information available, potential investors may avoid committing a large portion of capital to TRUMPOLY. Instead, trading could take advantage of current volatility to capture dynamic moves in the short term.
Also Read: Elon Musk’s D.O.G.E. Exit Looms—Will Dogecoin Price Crash Next?
