In our previous article, we explored the innovative concept of DebtCoin ($DEBT), a Solana-based project inspired by billionaire Mark Cuban’s viral tweet suggesting a meme coin to tackle the US national debt. Fast-forward to July 28, 2025, and DEBT surges of over 5,000% from its lows. It achieved a new all-time high (ATH), trading at about $0.01733 with a market cap nearing $17.2 million.
Launched on July 24, 2025, with a contract address of vLieQF5eDqUuuk8RzRaqgAHkXr7bSEBZaWk9Zfibonk, $Debt meme coin started with a market cap of around $3.3 million and a price of approximately $0.00432.
Factors Contributing to DEBT Surges
While meme coins remain highly volatile, DebtCoin‘s unique positioning as a “purposeful” token, allocating fees to verifiable US Treasury donations, has garnered attention amid rising discussions on the $35 trillion US debt.
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- Increase Strong Narrative and Transparency: DebtCoin stands out by directing 100% of creator fees to debt reduction, with $100,000 donated in just four days, including recent payments of $7,500 and $10,000.
- Community and Organic Growth: Debt meme coin‘s rise is fueled by grassroots enthusiasm, deflationary mechanics like supply burns, and whale accumulation from related communities such as $USELESS holders.
- Ecosystem Support: Endorsements from the Solana ecosystem, including buybacks by the @bonk_fun team and inspiration from Solana co-founder Anatoly Yakovenko, have boosted liquidity and visibility. Partnerships with entities like Sphere Labs for on-chain to fiat conversions further enhance credibility.
- Technical Momentum: The token’s chart shows steady upward trends, breaking key resistances with high trading volume ($4.8 million in 24 hours).
Despite these drivers, investors should note the inherent risks of meme coins, including potential profit-taking and market corrections. $DEBT‘s trajectory will depend on sustained community engagement.
Follow our blog for more insights on emerging crypto trends, and explore trending meme coins on MevX to stay ahead in the market.
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