Trump sends $TRUMP meme coin soaring—and sinking—with one Truth Social post as Bitcoin blasts past $85K

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On Sunday, President Donald Trump took to Truth Social, posting an enthusiastic endorsement of the $TRUMP meme coin: “I LOVE $TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!” The post instantly sent the coin’s value surging from $10.93 to a high of $12.24. But just as quickly, the excitement faded. Within hours, the price dipped back to $11.85, continuing its downward trend from its January peak of $ endorsement triggered a trading frenzy, with volumes skyrocketing 288% to $1.22 billion, making $TRUMP the most traded meme coin of the day. One investor saw an opportunity, buying $5 million worth of $TRUMP right after Trump’s post. But when they sold an hour later, they had lost $207, a token that once boasted a market cap of over $14.5 billion before Trump’s inauguration, the current price action paints a starkly different picture. Since its high of $73-77 in January, the coin has lost nearly $65 billion in market Denial to Full SupportTrump’s relationship with the $TRUMP token has shifted dramatically. In January, when asked about it, he distanced himself: “I don’t know much about it other than I launched it. I heard it was very successful. I haven’t checked.” Now, he’s actively promoting it, marking a clear pivot in his shift is raising eyebrows, particularly as the token’s majority supply is controlled by entities linked to the Trump Organisation. Of the 1 billion $TRUMP tokens initially minted, 800 million are held by two companies associated with Trump, while only 200 million were released to the sudden endorsement has led to criticism across social media. One user on X (formerly Twitter) mocked: “Because as we all know, pump and dump rhymes with Trump.”Political Backlash and the MEME ActTrump’s coin hasn’t just caught the attention of traders—it has alarmed lawmakers. Democratic Congressman Sam Liccardo is spearheading the MEME Act, a proposed law designed to prohibit federal officials and their families from profiting off meme didn’t mince words, stating in a blog post: “The First Family is exploiting the public through meme coins. This is a dangerous financial loophole that invites insider trading and foreign influence.”The bill, if passed, would not only impact Trump’s holdings but could also affect other assets linked to him, including Truth Social Securities and Exchange Commission (SEC), however, has so far taken a hands-off approach. Since meme coins like $TRUMP aren’t classified as securities, they remain outside the SEC’s regulatory purview. This legal grey area has only fueled further Token Unlock: More Volatility Ahead?Adding to investor anxiety, $TRUMP faces a major supply event next month. On April 18, 40 million $TRUMP tokens (4% of the total supply, worth $472 million) will be unlocked. Following this, at least half a million additional tokens will enter circulation daily until the end of analyst speculated on X: “Trump is shilling TRUMP coin on Truth Social… Seems like they are grabbing some exit liquidity before the unlock.”A Chainalysis report further revealed that 94% of $TRUMP tokens are controlled by just 40 wallets. This concentration of ownership means any large sale by these major holders could trigger a market $TRUMP: The Meme Coin BoomTrump isn’t the only member of his family cashing in on the meme coin frenzy. First Lady Melania Trump has launched her own token, $MELANIA, currently trading at $ coins have become a defining feature of the 2025 crypto market, but they remain risky. Unlike Bitcoin and Ethereum, which have broad adoption and technical backing, meme coins often rely on hype and celebrity some traders profit from the volatility, others, like the $TRUMP investor who lost $207,000 in an hour, are left holding the ’s promotion of his meme coin may have triggered a temporary price boost, but it also raises serious concerns. With political scrutiny mounting, an upcoming token unlock looming, and the coin already down 84%, the future of $TRUMP remains this just another short-lived market stunt, or a sign of things to come in the intersection of politics, finance, and cryptocurrency? One thing is clear: investors, lawmakers, and the public are all watching closely.

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