New Memecoin $FAFO, Inspired by Donald Trump Post, Explodes in Minutes

After a viral post of Donald Trump, where he appears next to a sign with the inscription “FAFO”, a new memecoin has been created and is already making waves in the market. Launched on the Solana network, $FAFO reached an impressive volume of US$417,6 million in just 24 hours, attracting more than 100 thousand investors.

This is awesome https://t.co/WeWUeF17Gm

- Elon Musk (@elonmusk) January 27, 2025

However, investigations carried out by the PortalCripto team revealed that, despite appearances, $FAFO is not a memecoin officially endorsed by Donald Trump.

The price of the coin soared to $0,093, registering an extraordinary appreciation in minutes, reflecting the sudden and massive interest of investors. This phenomenon of rapid adoption suggests a strong market response to the curious association with the former American president.

At the time of publication, the price of FAFO Coin is quoted at $0,040 and is up 29.000% in the last 24 hours.

The popularity of $FAFO gained even more momentum when Elon Musk, CEO of Tesla and a well-known influencer in the cryptocurrency world, reposted Trump's post, expanding the reach and buzz around the new memecoin.

In addition to its initial success in terms of valuation and trading volume, $FAFO appears to be on its way to greater institutional adoption. Sources indicate that major cryptocurrency exchanges such as Bitmart and BingX are already in the process of listing the new coin, which could provide even more liquidity and exposure.