Trump’s meme coin, TRUMP, just experienced a wild 40% surge before settling at $21, bringing it back into the spotlight after weeks of decline. The token had crashed hard from $73 to under $15, but it looks like traders are jumping back in. This week, its daily trading volume jumped past $7.1 billion, a huge leap from less than $1 billion earlier this week.
The rally isn’t happening in isolation. The broader crypto market is heating up, with meme coins and altcoins making big moves. XRP is up 13%, now trading at $2.79, while Dogecoin, the original meme coin, has climbed 8%, nearing $0.28. Even Bitcoin, which has been moving slower compared to these, has inched up 2%.
So, what’s causing this sudden rush? Part of it is pure hype; meme coins tend to move in waves, and when momentum kicks in, traders pile on quickly. TRUMP’s name recognition and past volatility make it a prime candidate for speculative bets. The huge spike in volume suggests traders are revisiting risky plays, hoping to catch another rally before the market cools off again.
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