Donald Trump’s official meme coin, $TRUMP, continues to be one of the highest trending and best performing cryptocurrencies over the past few weeks. It has risen another 8% on the day following a post by President Trump on Truth Social, and is currently trading for nearly $12.
Prior to its resurgence, the $TRUMP token has experienced huge volatility since its debut in January, including a 75% crash from its $70 highs, and more recently has come under political fire from House Democrats.
[TRUTH SOCIAL] President Trump has mentioned his memecoin #TRUMP publicly again$TRUMP pic.twitter.com/UgQcx1SRCK
— BecauseBitcoin.com (@BecauseBitcoin) March 23, 2025
Official TRUMP Meme Coin Continues To Surge In Spite Of Democrat FUD
House Democrats, led by Rep. Sam Liccardo, recently introduced the ‘MEME Act’, aimed at preventing federal officials and their families from profiting from meme coins.
On the other hand, the Securities and Exchange Commission (SEC) has stated that meme coins are not securities and thus do not fall under its oversight.
Even with the Democrats attempting to spread FUD on meme coins and specifically Donald Trump’s official token, it has been one of the best performing cryptocurrencies in recent weeks.
Just in the past day alone, $TRUMP is up nearly 8% on the back of the US President’s post on Truth Social calling $TRUMP “the greatest of them all” and “cool.”
Per CoinGecko, the $TRUMP chart shows that in the minutes after the President made the post, his meme coins spiked from around $10.98 to approximately $12.25, a near 12% rise.
While it was followed by a brief sell-off, the $TRUMP token stabalized and is still up around 8%, trading at $11.82. According to CoinGecko, $TRUMP is a ‘Top Trending’ token, alongside Sonic ($S) and Nillion ($NIL).
Per the CoinGecko meme coin category, it is the top trending meme coin and the fourth largest meme coin by market cap. It sits behind Dogecoin ($DOGE), Shiba Inu ($SHIB) and Pepe ($PEPE).
$TRUMP now has a market cap of $2.3 billion and if it continues its recent upward trajectory, it could soon overtake $PEPE, which holds a $3.1 billion market cap.
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Rocky Ride For $TRUMP Coin So Far, But Things Are Looking On The Up-And-Up
President Trump’s $TRUMP Solana memecoin was discussed federally by Congressman Sam Liccardo, calling it a rugpull: “Trump’s partners and some investors based in China pumped up the price.” pic.twitter.com/LuRUgEkqsf
— ALLINCRYPTO (@RealAllinCrypto) February 28, 2025
It’s been a wild ride for the $TRUMP token since its launch in January. Upon inception, it briefly soared to over $10 billion in market cap amid public endorsements by President Trump himself before crashing 75% amidst wider market turmoil.
It has also drawn much political backlash from President Trump’s Democratic opposition, which has made it their priority to curb Government involvement in such meme coins through proposed legislation.
House Democrats, led by Rep. Sam Liccardo, have introduced the MEME Act, which prohibits federal officials and their families from profiting off meme coins.
In a blog post, Rep. Liccardo specifically named the $TRUMP token, accusing the President’s family of exploiting the public through meme coins, warning of insider trading and foreign influence via the token.
Liccardo goes on to emphasize that prohibition from the MEME Act would extend broadly to other financial assets, including securities like Truth Social stock.
On the other hand, the Securities and Exchange Commission (SEC), has made it clear that meme coins such as the $TRUMP token, are not deemed securities and as a result, not subject to its oversight.
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The $TRUMP meme coin continues to dominate mindshare with latest 8% price increase
- $TRUMP continues to be a top trending token on CoinGecko and is currently the number one trending meme coin and top 3 trending cryptocurrency overall
- President Trump’s official $TRUMP crypto surges in the face of fud from Democrat politicians led by Rep. Sam Liccardo, have introduced the MEME Act, attempting to stop federal officials and their families from profiting off meme coins
- The SEC has stated meme coins are not securities and not subject to its oversight
The post The Official $TRUMP Coin Continues To Dominate With Latest 8% Surge: President Trump Calls It “So Cool” appeared first on 99Bitcoins.
