Trump boosts $TRUMP memecoin by $400 million with Truth Social post, sending price careening
Quick Take President Trump made a rare direct reference to the Official Trump memecoin in a Truth Social post, calling it “the Greatest of them all.” His post sent the price of Official Trump rocketing upward, with trading volume spiking, though the price quickly retreated back down in the hours following the post. The token gained $400 million in value following the post, before giving back all but $100 million.

President Trump made a rare direct reference to the Official Trump memecoin with a Truth Social post on Sunday, driving trading volume and sending the token's price rocketing upward, though it swiftly retreated in the hours following the post.
Trump called the token "SO COOL" and "The Greatest of them all" with a post on Truth Social on Sunday morning, a rare direct reference to the token by the sitting President. "I don't know much about it other than I launched it," Trump told reporters in January . "I heard it was very successful. I haven't checked."
President Trump's Truth Social post promoting his memecoin.
Following the post, the Official Trump token rose in price from $10.91 to about $12.11, an increase of about 11%, before retreating to its current value around $11.46 at time of publishing, for a total gain of around 5%, according to The Block's Official Trump Price Page . The gain represents around $100 million in market capitalization.
The post sent trading volumes spiking to the highest levels since early March, according to GeckoTerminal data , as traders rushed to capitalize on the promotion.
The launch of Trump's memecoin in January, along with the less-successful Melania Meme token styled after his wife, was controversial, leading one Democratic lawmaker to introduce a bill that would block the president, members of Congress and other senior officials, as well as their spouses and children, from issuing or sponsoring securities and cryptocurrencies like memecoins. The Melania Meme token is down about 4.8% in the past 24 hours, according to The Block's data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Chinese video AI models gain global attention as the industry heats up
Share link:In this post: Chinese tech companies have increased their efforts in AI-generated video tools, positioning them as major players in the field, which is still in its early stages. Kling AI, developed by Kuaishou, a short video platform, converts text or still images into video content. Wei Xiong, an internet analyst at UBS Securities, believes AI video generation has the potential to reshape the content industry.
Big Tech’s ‘acquihires’ face new EU antitrust threat
Share link:In this post: The EU competition chief vows to close flat on talent-only “acquihires.” National regulators have been urged to flag below-threshold deals for EU review. Big Tech’s AI talent raids draw scrutiny amid fears of stifled innovation.
Wall Street calls Powell’s bluff after weak US jobs print, puts September rate cut back on the table
Share link:In this post: The U.S. added just 73,000 jobs in July, far below expectations. Unemployment rose to 4.2%, matching forecasts but signaling weakness. Traders now see a 75% chance of a September rate cut after the report

OpenAI raises $8.3B for $300B valuation ahead of schedule
Share link:In this post: OpenAI secured $8.3B ahead of schedule in a funding round that was five times oversubscribed. The company has increased its revenue and active users, but still has a higher than expected cash burn rate. OpenAI has grown its business customers, and the inclusion of Blackstone and TPG may increase business adoption of multiple AI models.

Trending news
MoreCrypto prices
More








