Trump publicly endorses TRUMP coin on Reality Social, token jumps 10%

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The meme token stays roughly 85% under its all-time excessive.

President Donald Trump has voiced robust help for the Official Trump ($TRUMP) token. In a Sunday post on Reality Social, he described the token as ‘so cool’ and hailed it as ‘the best of all of them.’

Trump’s endorsement triggered a ten% surge within the $TRUMP token’s value. CoinGecko data signifies it climbed from roughly $10.9 to $12.

The digital asset, launched forward of Trump’s inauguration, operates on the Solana blockchain with a complete provide of 1 billion tokens. The preliminary public launch comprised 200 million tokens, whereas CIC Digital LLC, a Trump Group affiliate, and Battle Battle Battle LLC maintain the remaining 800 million tokens.

The token’s value surged from beneath $10 to $75 in its first days of buying and selling, reaching a market capitalization of over $15 billion. Buying and selling quantity hit $29 billion within the preliminary days after launch.

The reserved tokens are topic to a phased launch schedule spanning three years, starting with lock-up intervals of three to 12 months, adopted by each day unlocks over 24 months.

The token skilled important volatility, dropping almost 50% to the $30-$40 vary following the launch of the $MELANIA token on January 19.

The mission markets itself as an “expression of help” for Trump relatively than a standard funding. Its emblem incorporates a cartoon picture of Trump elevating his fist, referencing a July 2024 assassination try.