The official Trump (TRUMP) meme coin tied to U.S. president-elect Donald Trump surged onto the crypto market, quickly reaching a market capitalization of $6 billion.
Is the rapid ascent of this meme token ahead of Trump’s inauguration a sign of what’s to come for Solana and iDEGEN? The latest market moves surrounding the IDGN token — tied to an AI agent called iDEGEN — suggest a potential buying opportunity for some traders.
$TRUMP launches as meme coin
On Friday, January 17, president-elect Donald Trump announced the launch of the official Trump token (TRUMP). Within 24 hours of its debut, the meme coin jumped roughly 580% and briefly approached a market capitalization near $6 billion.
$TRUMP is positioned as a meme token inspired by the president’s election victory and the memorable “Fight, fight, fight” rallying cry following a July 2024 assassination attempt. Although the token’s creators stress it is not an investment vehicle, many investors view the frenzy around it as a signal that crypto markets could experience volatile moves around the time of the inauguration.
TRUMP and SOL rally
With Trump’s inauguration on January 20 viewed by some as the start of a new, optimistic era for crypto, several analysts have suggested that major digital assets may be poised for a notable rally in 2025 and beyond.
The official Trump site includes a disclaimer that $TRUMP “is not an investment opportunity or a security of any kind.” Still, market activity has been intense, reflected in a 24-hour trading volume around $8.5 billion.
$TRUMP climbed to an intraday high of $33.87 on January 18, briefly placing it among the top 30 coins by market capitalization. Meanwhile, Solana’s price recovered above $250, gaining more than 17% as Bitcoin, Ethereum and XRP pared some earlier gains.
At the time of writing, SOL traded near $262 — just shy of its previous peak above $263 reached in November. Analysts argue that Solana’s price could follow a steep upward trajectory if bullish momentum continues.
Could iDEGEN become the next crypto gem?
iDEGEN is an AI agent project that has gained attention across X (formerly Twitter). Its token, IDGN, is scheduled to debut on exchanges on February 27. An ongoing presale offers early participants a chance to acquire tokens ahead of the listing.
New target for $IDGN…Flip $XRP.
Teleport me to Feb 27.
— iDEGEN UPDATES (@iDEGEN_Updates) January 17, 2025
iDEGEN’s appeal stems from its AI agent model and a distinctly “degen” marketing approach: the project has no heavy guardrails, posts frequently, and evolved in direct response to feedback from its community. That approach generated controversy on X, where some unfiltered posts were flagged for violent content.
Despite the controversy, the iDEGEN presale has raised over $17 million, with more than 1.4 billion IDGN tokens sold so far.
The presale uses a tiered pricing model in which the token price increases after each stage. Current presale pricing sits at $0.011 per IDGN, rising to $0.0121 in the next stage and ultimately reaching $0.038 in the final presale phase. If the token reaches the final presale price before exchange listing, that represents a potential increase of roughly 300% from the current stage.
Whether iDEGEN will overtake competing AI-agent tokens or even challenge heavyweights like TRUMP or SOL in the coming months remains uncertain, but the project is drawing attention from traders watching the AI-token niche closely.
For readers seeking more information about the iDEGEN project or how to participate in the presale, check the project’s official materials and presale platform for details and updates.