A new Donald Trump-themed cryptocurrency has suddenly jumped 856% in value in just one day. The token, also called TRUMP, runs on the Base blockchain.
Its total value in the market is around $595,800, and people have traded about $385,000 worth of it in the past 24 hours. This huge jump has caught a lot of attention, especially because there’s a big crypto event happening tomorrow at the White House.
The token is traded on Uniswap v2, a popular platform for buying and selling crypto. Right now, it has about $90,000 in liquidity, which means there’s enough money in the market to keep trading going.
Meanwhile, the token was consolidating at a low just a day ago, ranging from $0.0026 to $0.0094. But it started picking up momentum yesterday. This morning, it went from a low of $0.00305 to a high of $0.0202 before dropping to $0.01138. The token has recorded over 500,000 holders in just two days.
People think this price jump is connected to the White House Crypto Summit happening tomorrow, March 7. President Donald Trump is set to speak at the event, which will also have top crypto company CEOs and government officials.
The event is led by venture capitalist and White House crypto czar, while Bo Hines is handling administration. The main topics will be crypto regulations, possible tax changes, and a discussion on a national Bitcoin fund.
Meanwhile, there’s a big rumor going around that Trump might announce zero capital gains tax on crypto sales. This means people would no longer have to pay taxes when selling their crypto, making the U.S. a more attractive place for crypto investors. There’s no official confirmation yet, but the idea has made a lot of people excited.
Trump has been showing more and more interest in crypto. He promised to cut regulations and support stablecoins if re-elected. He has been fulfilling these promises since he took office.
With the summit just hours away, the crypto world is waiting to see what Trump will announce. If he really does remove taxes on crypto sales, it could change the entire industry.
Also Read: Exclusive Guest List of Crypto Summit 2025 at The White House
