The largest meme coin by market capitalization remains Dogecoin 
$0.370927 (DOGE), but it has recently been challenged. As of the time this article was prepared, the price of BTC had dipped below $104,000, yet there is an altcoin that shows no signs of slowing down and has only just entered the market.
TRUMP Coin Takes the Spotlight
Launched by newly elected U.S. President Donald Trump, the meme coin OFFICIAL TRUMP (TRUMP) has become the 17th largest cryptocurrency by market value. With a market capitalization of $12.88 billion, it has surpassed Shiba Coin, which is the second largest meme coin. For TRUMP Coin to exceed Dogecoin, it requires a further increase of 430%.
While this may seem impossible, the official marketing and endorsement by Donald Trump could make it achievable. The Binance exchange recently listed TRUMP Coin, and nearly all meme coins are competing to benefit from its current $14 billion trading volume.
As this article was being written, Shiba Coin experienced an 8% drop, while DOGE fell by 8.6%. Aside from SOL Coin and TRUMP Coin, few cryptocurrencies are currently making their investors happy. Should this liquidity return to altcoins, a rapid uptick could begin; however, for now, many investors are selling their holdings, including BTC, to buy TRUMP Coin. Almost 10% of daily trading volume has concentrated on TRUMP Coin alone.
