The Official $TRUMP Coin Keeps Thriving With Recent 8% Jump: President Trump Describes It As “So Cool”
Donald Trump’s official meme crypto token, $TRUMP, remains one of the most gaining momentum and high-performing cryptocurrencies in recent weeks. Following a post by President Trump on Truth Social, it surged another 8% and is now trading close to $12.
Before its recent comeback, the $TRUMP coin had undergone significant price swings since its launch in January, including a 75% drop from its $70 peak and has recently faced criticism from House Democrats.
[TRUTH SOCIAL] President Trump has again mentioned his memecoin #TRUMP publicly$TRUMP pic.twitter.com/UgQcx1SRCK
— BecauseBitcoin.com (@BecauseBitcoin) March 23, 2025
Official TRUMP Meme Crypto token Continues To Climb Despite Democrat Concerns
House Democrats, spearheaded by Rep. Sam Liccardo, recently proposed the ‘MEME Act’, which seeks to prevent federal officials and their families from benefiting from meme coins.
Conversely, the Securities and Trading protocol Commission (SEC) has clarified that meme coins are not classified as securities and therefore do not fall under its jurisdiction.
Despite attempts by Democrats to instill fear about meme coins, including Donald Trump’s official token, it has ranked among the best-performing cryptocurrencies lately.
Just yesterday, $TRUMP rose nearly 8% following the US President’s Truth Social post calling $TRUMP “the greatest of them all” and “cool.”
According to CoinGecko, the $TRUMP chart indicates that immediately after the President’s news, the value jumped from around $10.98 to about $12.25, reflecting an increase of nearly 12%.
Though there was a brief dump afterward, the $TRUMP token stabilized and is still approximately 8% higher, trading at $11.82. As reported by CoinGecko, $TRUMP has emerged as a ‘Top Trending’ coin, along with Sonic ($S) and Nillion ($NIL).
In the CoinGecko meme token category, it stands as the top popular meme crypto token and the fourth largest meme crypto token by trading market capitalization, trailing behind Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE).
$TRUMP currently boasts a crypto market cap of $2.3 billion, and if it maintains its upward trend, it could soon surpass $PEPE, which has a crypto market cap of $3.1 billion.
DISCOVER: PEPETO Could Be the Next Big Thing in Crypto: Here’s How It Plans to Dominate the Meme Token Space
Up-and-Down Journey for $TRUMP Crypto token So Far, But Prospects Are Bright
President Trump’s $TRUMP Solana memecoin was mentioned federally by Congressman Sam Liccardo, labeling it a rugpull: “Trump’s partners and some investors based in China inflated the price.” pic.twitter.com/LuRUgEkqsf
— ALLINCRYPTO (@RealAllinCrypto) February 28, 2025
Since its inception in January, the $TRUMP token has experienced a tumultuous journey. Initially, it surged past a $10 billion trading market cap due to public price floor from President Trump, only to plummet 75% amid broader trading market challenges.
It has also faced heavy political criticism from President Trump’s Democratic rivals, who have prioritized limiting government involvement in meme coins through proposed legislation.
Led by Rep. Sam Liccardo, House Democrats have put forth the MEME Act to ban federal officials and their families from profiting from meme coins.
In a blog post, Rep. Liccardo specifically targeted the $TRUMP token, alleging that the President’s family was taking advantage of the public through meme coins, and warned of insider trading and foreign influences associated with the crypto token.
Liccardo reiterated that the restrictions from the MEME Act would broadly apply to other financial assets, including securities like Truth Social stock.
Conversely, the Securities and Trading protocol Commission (SEC) has asserted that meme coins like the $TRUMP coin are not classified as securities and thus are not under its regulation.
EXPLORE: 20+ Next Crypto to Explode in 2025
Join The 99Bitcoins News Discord Here For The Latest Crypto market Updates
The $TRUMP meme token continues to be a dominant force with its latest 8% price spike
- $TRUMP remains a leading gaining momentum coin on CoinGecko and is currently the top gaining momentum meme token, as well as among the top 3 trending cryptocurrencies overall
- President Trump’s official $TRUMP digital currency thrives despite attempts by Democrat politicians, led by Rep. Sam Liccardo, who have proposed the MEME Act to prevent federal officials and their families from benefiting from meme coins
- The SEC has clarified that meme coins are not considered securities and thus are outside of its jurisdiction
The post The Official $TRUMP Token Continues To Dominate With Latest 8% Surge: President Trump Calls It “So Cool” appeared first on 99Bitcoins.
