Barron Another Celeb Meme Coin - Will It Go As High As Trump?

Maybe you remember the drama surrounding the celeb meme coin DJT, also known as Donald J Trump, where influencer and scammer Martin Shkreli claimed he had Donald Trump’s authorization to launch a token on his behalf. As it turned out, it was actually Barron Trump and his school friend who gave the authorization, not Donald himself.

no. BT saw my AI token, asked me if i could help him make a trump one. that's it.

met BT through cameron, who i only talked to in discord group chats. never got a dollar from BT, never asked for one or needed him for anything. almost turned down meeting him because i know… https://t.co/FQqzvczDUM

— Martin Shkreli (e/acc) (@MartinShkreli) June 27, 2024

With the DJT token going from $440 million marketcap to measly $82 million after all the Martin Shkreli fuelled drama surrounding it, someone saw their chance to create a new one called “Mini Donald” and in short Barron.

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High volume and constant price growth on Barron Token

(Barron – USDT)

Just two days into Barron’s life cycle, it has barely seen a red one-hour candle and has been going vertically up, sitting between $7-8 million in market cap. With what experts are suggesting, it might just be the start for Barron.

The growing volume is also a good read into what the future could hold for Barron. Often, when new tokens launch, you see just one or two big volume candles initially, with volume then dying down.

Barron has been able to maintain this high-volume trend and is currently trading at $8 million daily on Ethereum!

BARRON Still Has Up To 300% Profit on the Table?

at the rate $BARRON is going and with the volume it's generating I really don't think 1:10 ratio of his father is too much to ask for.

study father and son confluence.

PS: @elonmusk thinks he's a great kid too 🫡 https://t.co/TI2Zhkf2Tz pic.twitter.com/NiEcI0t6UD

— J777Crypto (@J777Crypto) July 12, 2024

Elon Musk contributed added weight behind the celeb meme coin pump, noting that Barron Trump ‘seems like a great kid’.

Experts have been suggesting a 1:10 move compared to the Trump token MAGA. MAGA has a $280 million market cap, and in this case, the fair value of Barron would be $28 million. This isn’t unreasonable at all for meme coins that go viral.

In fact, the token surviving for over two days with little to no sell pressure is super bullish and most likely means they have some good backers and KOLs behind the project to push it even further. In this case, the project most often goes well above its $20 million market cap.

For now, all we can do is watch Barron for a retrace, pick our entries if they interest us, and hope they’ll be winners.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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