The TRUMP token ranks first in terms of XRP trading volume despite a edged decline

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This article is also available in Spanish.

A surprising turn in the cryptocurrency market caused TRUMP token trading volume to exceed XRP, resulting in a massive price correction. This highly unpredictable market behavior points to the fact that the cryptocurrency space is quite unpredictable and that speculative tokens often see huge fluctuations in trading activity even when their prices drop. The escalate in trading volume of the TRUMP token is more captivating in this scenario of high volatility and uncertainty.

Speculation fuels the growth of TRUMP Token

Despite the edged drop in price (down 16% in the last 24 hours), the TRUMP token managed to overtake XRP in terms of trading volume. The escalate in trading activity in the TRUMP token has sparked interest across the cryptocurrency community, and speculation indicates a very sturdy trader reaction to the token, likely fueled by its political branding or hype around its speculative nature.

Donald Trump, the 47th president of the United States, launched the Solana-based “Official Trump” (TRUMP) meme coin over the weekend. Its price immediately peaked at close to $80, meaning it was a huge success at the time of release.

At the time of writing, TRUMP was trading at $35.69 and its 24-hour trading volume was surpassing XRP. In particular, according to CoinMarketCap datatrading activity on the meme coin was $8.7 billion compared to XRP’s $8.3 billion.

According to them, since its inception on January 17, TRUMP has seen an incredible $38 billion in trading activity CryptoQuanta data released on Wednesday. It is worth noting that immense sell-offs as momentum declines are likely the reason for the recent high price trading volume.

According to Dexscreener datasales volume has recently exceeded purchase volume.

Source: Dexscreener

Meanwhile, XRP continues to grow, remaining in first place among the highest-rated digital assets on the market. The short-term spike in TRUMP token trading volume indicated a novel shift in interest in tokens that provide greater volatility and rewarding trading dynamics.

XRP is currently trading at $3.07. Chart: TradingView

XRP is in a sturdy position

Although the TRUMP token has managed to temporarily take the lead in trading volume over XRP, it is not basic to replace it in the long run due to its long-standing presence in the market. XRP, being an senior cryptocurrency, has attracted supporters and institutional investment, making it relatively stable in the market.

On the other hand, the TRUMP token is a recently introduced and relatively speculative asset whose peak in trading volume may turn out to be transient and dependent on the whims of speculative traders rather than being based on sustainable investments.

The contrast between the two tokens – one driven by excitement, the other by solid fundamentals – sheds featherlight on the divergent forces at play in the cryptocurrency market. While XRP may be more resilient, the TRUMP coin is currently experiencing a brief period of excitement and even plateauing disputewhich highlights the unpredictable nature of the market and the factors affecting trading activity.

Featured image from Gearbest, chart from TradingView

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