Trump Memecoin $TRUMP Surges After Endorsement

The official Trump memecoin, $TRUMP, increased by over 10% to $12.25 after Donald Trump endorsed it on Truth Social.

According to data from crypto.news, the token crossed the $12 mark, reaching as high as $12.25. As of the latest update, $TRUMP has experienced a 9% rise in value over the past 24 hours and is currently trading around $11.94. Despite this recent gain, the token had seen a 26.4% decrease over the past month.

Trump’s endorsement significantly boosted the memecoin’s market capitalization, which rose by 8.3% to $2.37 billion in just one day. Furthermore, the daily trading volume surged by 375.1%, showing increasing market engagement after Trump’s post.

Price chart for $TRUMP in the past 24 hours of trading, March 24, 2025 | Source: crypto.news

On March 23, Trump shared his enthusiasm for the token, labeling it the “greatest” token of all time on Truth Social, the platform launched in 2022 where he shares updates.

> “I LOVE $TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!”
> — Donald Trump

Following the post, the token quickly rose but prices fell back below $12 soon after. This resulted in a whale losing $207,000 after trying to capitalize on the spike by investing $5 million USDC in $TRUMP tokens and quickly selling them.

The whale is notable in the cryptocurrency space for previously achieving a $108 million profit shortly after $TRUMP’s launch by investing $1.09 million USDC in 5.97 million $TRUMP tokens.

Last week, Trump participated virtually at Blockworks’ Digital Assets Summit where he discussed stablecoin regulations, Bitcoin reserves, and the adverse effects of crypto debanking.

Disclaimer: This article does not constitute investment advice and is intended for educational purposes only.