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TRUMP Token Surges 12% Following U.S. President’s Praise as ‘The Best Ever’

Trump’s Truth Social Post Sends TRUMP Token Soaring

Donald Trump’s official memecoin surged on Monday during Asian trading hours after the U.S. President praised it on Truth Social, calling TRUMP “the greatest of them all” and “cool,” according to CoinGecko data.

Following Trump’s post, the token spiked from around $10.93 to approximately $12.25, marking a 12% gain. After a brief pullback, $TRUMP settled at $11.91, still up about 9% on the day.

This performance made TRUMP the top gainer among cryptocurrencies in the Asian session. Ethena rose 8.9%, Bonk gained 8%, and Mantle climbed 7%, while the CoinDesk 20 index—tracking the largest digital assets—was up roughly 2%.

Since its January debut, the TRUMP token has seen extreme volatility, initially skyrocketing to a multi-billion-dollar market cap after Trump’s endorsements before plunging 75% amid broader market turbulence. The token has also sparked political controversy, with House Democrats pushing new legislation to prevent officials from profiting from meme coins.

Led by Rep. Sam Liccardo, the MEME Act seeks to ban federal officials and their families from engaging in memecoin investments. Liccardo specifically called out the $TRUMP token, accusing the First Family of leveraging meme coins for financial gain and raising concerns about insider trading and foreign influence. The bill would also apply to other financial assets, including securities like Truth Social stock.

Despite the controversy, the Securities and Exchange Commission (SEC) has stated that memecoins, including TRUMP, are not classified as securities and therefore do not fall under its regulatory oversight.

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