TRUMP Token Soars 12% After US President Describes It As 'Greatest Ever'

Donald Trump's post on Truth Social sent the meme coin through the roof.

Sam Reynolds | Edited by Omkar Godbole Updated Mar 24, 2025 8:06 AM UTC Published Mar 24, 2025 4:22 AM UTC

Important points:

• Trump Memcoin has become the best performing digital asset, jumping 12% following Trump's Truth Social post and is currently trading at $11.91.
• The $TRUMP token has seen significant swings since its launch in January, including a 75% drop, and has sparked a political backlash from House Democrats.
• House Democrats led by Rep. Sam Liccardo have proposed the Meme Act to prevent federal officials and their families from profiting from meme coins, while the Securities and Exchange Commission (SEC) has said that meme coins are not securities and therefore not subject to its oversight.

Donald Trump's official memecoin became the top-performing digital asset on Monday in Asia time, according to CoinGecko data, after the US president published a post on Truth Social calling the token “the greatest of all” and “awesome.”

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Market data shows that just minutes after Trump's post, his namesake cryptocurrency rose from around $10.93 to around $12.25, up 12%. After a brief sell-off, the $TRUMP token is trading at $11.91, up about 9%.