Trump Coin Sparks 10% Surge with $1B in Trades After Trump’s Truth Social Shoutout “I LOVE $TRUMP”!

In a dramatic move, President Donald Trump renewed attention to his namesake cryptocurrency by posting on Truth. He described the $TRUMP coin as “the greatest of them all” and “so cool,” which immediately sparked a price increase of over 10%. His direct praise prompted online communities to engage actively, and traders quickly capitalized on the surge. As a result, the token’s trading volume rose markedly, reflecting the notable influence Trump wields within financial discussions.

Moreover, the $TRUMP, operating on the Solana blockchain, experienced a surge that brought its one-day trading activity above $1 billion, which doubled its typical daily figures. However, the token’s current value remains significantly below its all-time high of $77 reached in January 2025. Investors continue to worry about this asset’s volatile and politicized nature, and there have been attempts to pass laws to take it off the market. Combined with speculations regarding an upcoming token unlock on April 18, this price surge has led many to closely monitor $TRUMP’s performance.

The Power of Trump’s Influence on Crypto Markets

Donald Trump’s public support for the TRUMP coin emphasizes his ability to shape market sentiment with a single social media post. Since the token’s debut, price trajectories have fluctuated dramatically; it once temporarily reached a market capitalization of $15 billion before contracting sharply. His recent message on Truth Social reminded investors of his continued connection to this coin, which sparked fresh enthusiasm across trading platforms.

Figure 1 – Posted on Truth Social, March 24, 2025

In addition, the market response underlines the speculative nature of memecoin price affected by social media hype. While enthusiastic investors seized the immediate opportunity created by the Trump crypto endorsement, more cautious market observers expressed concerns regarding the long-term stability of such projects. Although the promotional impact was significant, some financial analysts argue that continuous public endorsements may not guarantee enduring investor confidence amid regulatory oversight issues.

Concerns Over Centralization and Political Backlash

Critics have raised serious concerns about TRUMP coin distribution, noting that nearly 94% of its supply is concentrated within 40 wallets. This centralization could lead to potential market manipulation. Furthermore, the anticipated token unlock, designed to release an additional 40 million tokens into circulation, has intensified the debate, as influential early stakeholders might exploit the momentum generated by Trump’s recent promotion for personal gain.

Political scrutiny has simultaneously intensified, with House Democrats, represented by figures such as Rep. Sam Liccardo, proposing the MEME Act. This prospective law would bar federal employees and their families from profiting from memecoins, heightening ethical and regulatory concerns. Critics argue that Trump’s support of $TRUMP may ultimately serve as a mechanism for personal gain.

Can $TRUMP Sustain Its Momentum?

Although Trump’s recent endorsement immediately increased $TRUMP’s market performance, the long-term viability of the $TRUMP coin remains uncertain. Historical trends show that celebrity-backed coins often experience rapid price surges followed by equally steep corrections. Data reveals a slight pullback in the token’s value after its initial spike. This reaction mirrors previous patterns seen in similar promotional social media posts.

In addition, broader market conditions heavily influence $TRUMP’s future trajectory. Increased volatility and the unlock of 40 million tokens introduce market uncertainty. Whether Trump’s promotional strategies persist or he distances himself from subsequent developments will likely impact investor confidence significantly in the coming months.

Trump’s Crypto Gamble: Strategic Move or Short-Term Hype?

Many market participants question whether the Trump crypto endorsement represents a long-term strategic move or simply a public attention manipulation. Although his visible backing drove an immediate rise in $TRUMP’s price and trading volume, it also reopened debates regarding potential conflicts of interest. With legislative challenges and an upcoming token release, the token’s future value appears linked to various unpredictable factors. Widespread skepticism remains among investors who are cautious of the speculative nature of memecoins. While some believe continuing involvement from Trump might lend some stability, others view the endorsement as a temporary phase.