TRUMP Memecoin Surges 20% After Trump's Public Endorsement
Portfolio Pulse from
The TRUMP Memecoin experienced a significant 20% price surge after Donald Trump endorsed it on Truth Social, highlighting the potential market impact of political figures in cryptocurrency. Despite the short-term rally, long-term sustainability remains uncertain due to token unlock schedules and emerging competition.
March 24, 2025 | 5:30 am
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POSITIVE IMPACT
Trump's direct endorsement caused an immediate market reaction, pushing TRUMP token price from $10.9 to nearly $13 and increasing market capitalization by $400 million.
Direct endorsement from Trump triggered immediate investor interest, causing a rapid price increase and heightened trading volume. However, scheduled token unlocks and competition pose potential future challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100