Trump’s HAIR Coin Price Skyrockets as Political Meme Tokens Are All the Rage – But Is This Other Coin a Better Pick?

cryptonews.com:

Trump’s Hair Coin has exploded by 19,000% in the past 24 hours, with the Solana-based cryptocurrency becoming the latest political meme token to storm the charts to day.

Listing on the Raydium DEX in the early hours of the morning, HAIR has quickly become the best-performing coin of the day, with just over 1,500 holders and counting.

However, after reaching a peak of $0.000680 a few hours ofter listing, it has since fallen to $0.0001708, representing a fall of 75%.

But while it may already be in the process of collapsing, there are other more fundamentally sound new meme tokens in the market, with Dogeverse raising over $15 million in its presale.

Yesterday we reported on the rise and fall of DogWifMAGA Coin, another politics-referencing token that listed on Rayidum to much fanfare, before dropping like a lead ballon.

Well, it seems that HAIR has quickly arrived to take its place, with the coin actually remaining well up in relation to its launch price.

That said, the chart above shows that its current price is well down in relation to its peak in the earliest hours of the morning.

It has risen slightly in the past hour, but as its history since 06:00 has shown, it has seen a few temporary and slight rebounds today, yet this hasn’t really reversed its decline.

Also telling is the fact that its volume has all-but disappeared, another clear sign of a struggling token that has failed to attract wider interest.

It’s for this reason that it would be sensible to steer clear of HAIR, even if it may potentially enjoy a resurgence in the future, in the case that interest in Trump and the upcoming election drives demand for a tangentially related meme coin.

$HAIR STATS (12h)