Trump’s $TRUMP Memecoin Surges 10%, Hits $12.25 After Truth Social Post

$TRUMP’s Volume up 375% after Endorsement

Trump’s endorsement didn’t just boost the price, it also spiked the daily volume by 375.1%. This means a lot of $TRUMP tokens are being traded, likely by Trump’s followers and crypto investors who want to get in on the memecoin’s action.

• Price: $TRUMP went to $12.25, 10% up.

• Market Cap: $2.37 billion, 8.3% up.

• Volume: 375.1% up.

These numbers show how celebrity endorsements can move the market.

Volatility Persists Despite Trump’s Endorsement

Despite the price surge, $TRUMP’s gains were short lived and the token dropped below $12 as the excitement around Trump’s post wore off. Memecoins like $TRUMP are notorious for their volatility and this is a great example.

Interestingly, a big crypto whale lost $207,000 in one trade despite investing $5 million in $TRUMP tokens just hours before. That’s the risk of memecoins where price swings can make you lose as much as they can make you gain.This comes as crypto regulations are being discussed, Trump was talking about it at the Digital Assets Summit in New York. He mentioned stablecoin regulations and his stance on Bitcoin, adding more fuel to the fire.

Key Takeaways:

• Trump’s Endorsement: Led to a 10% surge in $TRUMP’s price.

• Market Impact: $TRUMP’s market cap and trading volume saw significant boosts.

• Volatility: The token remains highly volatile, with rapid price fluctuations.

As memecoins continue to play a prominent role in the crypto space, $TRUMP’s rise and fall offer a stark reminder of the speculative nature of such tokens.