The value of Turbo Trump (PRESI), a novel meme coin, has experienced a substantial surge in the last 24 hours subsequent to its listing on SushiSwap using a Base blockchain-based token. The new meme coin increased by over 20,000% in the past 24 hours.
It is anticipated that the coin is a “fan version” of the original Turbo Trump coin. According to its founders, the coin will increase Donald Trump’s popularity in anticipation of the impending presidential election.
Nonetheless, its durability is questionable as a result of its inexperience and unprofessional staff. Notwithstanding this, the presale for the Green Bitcoin (GBTC) crypto has amassed over $3 million. Since its initial public offering, PRESI token has encountered a number of declines.
Additionally, the coin has only 101 holders and a 24 liquidity of $60,000, according to data from DEXTools. This renders it an exceedingly minute meme token, implying that it may plummet at any moment.
Its online presence is also inadequate, as evidenced by the 125 subscribers on its X account (formerly Twitter) and the disclosure that it is a “fan version” of an earlier Turbo Trump coin on that account.
Consequently, notwithstanding the ongoing bull market, the Turbo Trump meme coin is probable to undergo a precipitous decline.
It is not recommended for traders unless they are willing to assume the risk of financial loss.
Emma Davis is a highly skilled and experienced crypto writer with a passion for all things blockchain and cryptocurrency. With years of experience writing about the latest trends, news, and innovations in the crypto world, Emma has established herself as one of the best crypto journalists.