$TRUMP Coin Prices Soar After Trump's Truth Social Post, Internet Reacts: 'Pump And Dump...'

President Donald Trump's promotion of his meme coin, $Trump, sparked a strong reaction from social media users. The 47th President took to Truth Social on Sunday to praise $trump, calling it the greatest cryptocurrency. "I LOVE $TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!" the 78-year-old posted on the social media platform Truth Social. The post led many on other social media platforms to slam Trump for promoting a cryptocurrency that directly benefits him. $TRUMP is hosted on the Solana blockchain platform, and one billion coins were initially created. Of these, 800 million are currently owned by two companies linked to Trump, while 200 million were made available to the public through an initial coin offering on January 17, 2025. After the President's post, $TRUMP's value shot up from $10.99 to $12.24. Users on social media platforms X criticized Trump for his post, with one saying, " because as we all know, pump and dump rhymes with Trump," another user said. Alongside President Trump, First Lady Melania Trump also launched a meme coin called $MELANIA. It is currently worth $0.684. Get Latest News Live on Times Now along with Breaking News and Top Headlines from US Buzz, World and around the world.