The official Trump memecoin, $TRUMP, went up greater than 10% to $12.25 after Donald Trump shared a put up endorsing the token on Fact Social.
Based on information from crypto.information, the official Trump (TRUMP) token has crossed over the $12 threshold, bouncing as excessive as $12.25. At press time, $TRUMP has gone up greater than 9% up to now 24 hours. The token is at present buying and selling fingers at $11.94. Previously month, the token has skilled a decline, taking place by greater than 26.4%.
Not solely that, the Trump memecoin’s market cap has additionally gotten a a lot wanted increase after remaining principally stagnant all through this month. After Trump’s put up, the Solana (SOL)-based memecoin’s market cap went up by 8.3% to $2.37 billion up to now day.
As well as, $TRUMP’s day by day buying and selling quantity obtained a lift of greater than 375.1%, indicating an increase in market exercise since Trump’s Fact Social put up.
Value chart for $TRUMP up to now 24 hours of buying and selling, March 24, 2025 | Supply: crypto.information
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On March 23, President Trump shared a put up on the Fact Social endorsing the token out of nowhere. Fact Social is a social media platform owned by Trump Media & Know-how Group that was launched in 2022. President Trump would usually use Fact Social as his most popular social media platform to share updates on authorities insurance policies or his private views.
This time, he used the platform to specific his pleasure for the $TRUMP token and the way he believed it was the “biggest” token of all time.
“I LOVE $TRUMP — SO COOL!!! The Best of all of them!!!!!!!!!!!!!!!!” wrote Trump in his current put up.
Not lengthy after Trump printed his put up, the token spiked greater than 10%, hitting a excessive of $12.25. The token had beforehand been in a stoop, solely managing to succeed in round $10 within the days main as much as the spike.
Nevertheless, the excessive didn’t final lengthy. The token retreated under $12 not lengthy after the hype died down. Throughout this decline, a whale misplaced $207,000 after spending $5 million USDC (USDC) to purchase a big chunk of $TRUMP tokens, solely to promote them an hour later, in keeping with on-chain information from Lookonchain.
The whale is well-known within the crypto group for making a revenue of $108 million within the early days following the Trump token’s launch, when it purchased 5.97 million $TRUMP price $1.09 million USDC.
Final week, Trump delivered a digital handle at Blockworks’ Digital Property Summit in New York. In his speech, he talked in regards to the significance of stablecoin laws, the strategic Bitcoin (BTC) reserve, and the unfavorable influence of crypto debanking.
Learn extra: Trump’s pro-crypto handle at DAS boosts Bitcoin confidence: skilled
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