Memecoin traders are navigating through a myriad of imitators as they anticipate additional Trump-themed tokens following the launch of the TRUMP memecoin, which briefly reached a fully-diluted value of over $80 billion on January 18. As traders sift through countless fake coins, only one other token—Official Melania—has received endorsement from the Trump family, achieving an FDV of nearly $14 billion before declining to under $6 billion by January 20. Many unofficial knockoffs, such as Official Barron Meme, initially saw valuations exceeding $400 million before plummeting by over 90%. Rumors of a new memecoin, potentially named “USA coin,” have emerged, adding to speculative excitement. The TRUMP token's introduction on Solana significantly impacted the trading ecosystem, driving notable increases in trading volumes and interest in memecoin creation. This period has left traders eager but wary, as they seek to identify the next viable Trump coin amid deceptively named alternatives.

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