Donald Trump just sent the $TRUMP memecoin flying with a single post on Truth Social. After months of sluggish performance, the token suddenly surged 13% in just an hour, all thanks to Trump’s unexpected endorsement.
His post read: “I LOVE $TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!” That was enough to send traders into a frenzy. The price shot up to $12.11, marking a 13% gain in a day. Market cap hit $2.42 billion, while trading volume exploded by 195%, reaching a staggering $830 million.
Before this, $TRUMP had been in a downtrend with barely any action. But with Trump’s stamp of approval, buyers rushed in, fueling the biggest pump in months. This isn’t the first time a memecoin has skyrocketed due to celebrity hype—Elon Musk has done it countless times with Dogecoin, and now Trump’s doing the same with his own namesake token.
The crypto market’s looking perkier lately—Bitcoin, Ethereum, and Solana are all up, and the total market cap’s nudged higher by 1%. So, what’s the deal? Are we on the cusp of a proper bull run, or is this just another fleeting memecoin hype bubble?
Also Read: XRP price will hit $20 says Bitcoin advocate Davinci Jeremie
