Elonia Trump (SOL: $ELONIA) is a relatively new meme coin that was inspired by Tesla CEO Elon Musk, and his role in Trump’s second presidency. The meme coin has no real use case beyond being a fun project that brings together those in the meme community.
Elonia Trump Origins
In July Elon Musk fully endorsed Trump via an X post, after previously said he would remain neutral. His decision came shortly after a failed attempt on Trump’s life. Since then, Musk has gone on to become one of Trump’s staunchest supports, funding his campaigns with millions of dollars.
Soon after Trump won the election, Musk was appointed to head the Department of Government Efficiency (DOGE). Musk has since been photographed numerous times in the close company of Trump, even appearing in a photo with Trump’s family members.
During an Anderson Cooper 360 show on November 8, political commentator Ana Navarro said, “Elon Musk seems to be everywhere at all times. He’s like secretary of everything, and at the same time, he’s like first lady.”
On November 11, 2024, Jimmy Kimmel quipped, “Look out, Melania, Trump’s got a new squeeze named Elonia Musk,” during the Jimmy Kimmel Live show. Soon after, the name took off on social media, with one post containing Elonia Musk having 1.4 million views as of Monday, December 30, 2024.
Naturally, as often happens, an Elonia Musk meme coin was created soon after, and its market cap has grown to incredible heights. On its website, its stated goal is to achieve infinity% gains for its holders.
Recent Developments
The team behind ELONIA has an active social media presence, and they have recently announced major developments around the project. On November 26, they held a giveaway for $500 worth of ELONIA for those who could come up with the best meme. The team announced they had partnered with the Cats&Dogs Telegram minigame on December 6, 2024.
Elonia Trump Market Performance
ELONIA has had an incredible run since it went live. In the past 30 days, its market cap has risen 132.3% to $9,914,756 as of Monday, 30 December 2024. In the past seven days, it is up 125.8%, trading at $0.0001452 per token.
It hit its all-time high of $0.0001694 on December 5, 2024, and has since fallen 15.3% as investors took profit. Since its all-time low of $0.00003451 on December 19, 2024, it has gained an astounding 315.6% and shows no signs of slowing down.
The project launched with a supply of 69,420,000,000 ELONIA and has a circulation supply of 68,292,356,035 tokens. Its 24-hour trading volume stands at $16,153.
Social Media Following
ELONIA has managed to grow a huge online following despite its relatively young age. On X, it has 16K followers, while on Telegram, it has 101,690 members.
Could ELONIA Be Your Biggest Win Of 2025?
Trump’s swearing-in will be in early January, which will bring Elon Musk and Trump’s relationship back into the limelight. As the term Elonia starts trending again, it could provide a huge boost to the $ELONIA meme coin, potentially leading to huge gains in early 2025. Consequently, adding the meme coin to your portfolio could potentially pay off.
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