US President Donald Trump has announced an exclusive dinner with the 220 top holders of his meme coin, OFFICIAL TRUMP – it might be one of the wildest crypto stories ever.
This announcement sent the $TRUMP price soaring over 47% at its peak, and now it sits at a 32% increase from one day ago. But while hopeful meme coin traders rush to buy $TRUMP, are there gems that could rally on this news, but are currently going under the radar?
This article provides the three best crypto to buy based on the impact of Trump’s dinner on the market.
Solaxy
OFFICIAL TRUMP launched on the Solana network, which adds a significant layer of credibility to the ecosystem and bolsters adoption.
When Trump first launched the token in January, the chain experienced overwhelming activity, with millions of requests per second reportedly flowing in. Solana has also seen a 1.57% increase in active addresses in the past 24 hours, while other chains such as Tron, Bitcoin, Base, and Polygon have seen decreases.
But while Trump’s meme coin is bolstering Solana adoption, it’s also causing congestion issues for the chain, and this is what Solaxy fixes.
Solaxy is building Solana’s first-ever layer 2 blockchain. Congestion leads to longer wait times and increased rates of transaction failures, but Solaxy will make this a non-issue. It promises to be quicker, cheaper, and more reliable than the Solana layer 1 chain.
It’s undergoing a presale where it has raised $31.3 million so far, making it the biggest Solana ICO ever.
Once the main network goes live, Trump and other meme coin teams may move their tokens there, which could cause the $SOLX price to explode.
Raydium
One of the biggest beneficiaries of increased on-chain activity is exchanges, and investors looking to gain exposure to this vertical should consider Raydium. Its trading volume has seen a 20% increase this week, driven by Trump’s meme coin launch and an increased appetite to buy cryptocurrencies amidst improving market conditions.
Raydium is Solana’s largest DEX by volume, so much of the $TRUMP-focused trading activity will pass through the platform. This will massively benefit the $RAY price.
The project also recently created LaunchLab, a direct competitor to Pump.fun. Like Pump.fun, LaunchLab allows users to create meme coins in a couple of clicks, but it boasts additional benefits such as multi-token payments, revenue sharing, and promotion of token launches.
It’s not just $TRUMP that’s booming right now; the broader meme coin ecosystem is on fire. Raydium’s LaunchLab helps it establish a stronger foothold in the meme coin space, which could significantly benefit the $RAY price.
Aave
Trump’s dinner announcement gained him crypto clout, causing investors to look at other projects in his portfolio. Notably, Trump backs a DeFi project called World Liberty Financial, which holds several altcoins, including Aave and Chainlink. Both projects’ prices have gradually increased after the news, illustrating that some traders see these as lucrative opportunities as Trump deepens his crypto ties.
But it’s not just about Trump’s rising crypto clout – his dinner proposal shows that he views crypto as a serious tool for achieving real-world goals, and by holding Aave, he’s already given this project the nod of approval.
Trump’s recent move hints that he’ll continue expanding blockchain-based operations, and Aave could be among the projects he uses next.
Aave is a decentralized lending and borrowing platform that allows users to generate yield on their assets. It’s currently the largest decentralized finance (DeFi) app with $19 billion locked on the platform.
With Trump’s backing and the largest DeFi market share, it’s clear why Aave could continue to grow in the months ahead.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
