Token

Donald Trump

<ul> 
 <li>Trump Token soared following Donald Trump public endorsement on Truth Social.</li> 
 <li>The token’s price jumped 10%, with trading volume spiking over 400% in 24 hours.</li> 
 <li>The endorsement has sparked a wider meme coin boom, with speculative bets pouring in.</li> 
</ul> 
Following the public endorsement by President Donald Trump, the <a href="https://www.ethnews.com/official-trump-token-sends-solana-soaring-are-we-on-the-brink-of-altcoin-season/">Official Trump $TRUMP</a> meme token saw the token’s value increase. Trump, in a Truth Social post, called the Solana-based token “the greatest of them all,” triggering a 10% price hike from $10.9 to $12.&nbsp; 
<img loading="lazy" decoding="async" class="size-medium wp-image-182424 alignnone" src="https://www.ethnews.com/wp-content/uploads/2025/03/Gmz9amxbAAAsdy1-300x120.jpeg" alt="" width="300" height="120"> 
The trading volume surged over 400% to $1.6 billion within 24 hours, pushing the token’s market cap to $2.4 billion. The approval pushed $TRUMP onto one of the biggest gainers, and demand for the token spiked all over again. 
Despite the pump, $TRUMP remains well over 80% down from its January high, which indicates just how volatile meme coins are. Trump’s backing has plainly renewed optimism within the market, however. 
<h2 id="b-meme-coins-rally-as-trump-effect-spreads-b">Meme Coins Rally as Trump Effect Spreads</h2> 
The positive sentiment surrounding $TRUMP spilled over into the general meme coin market, lifting a variety of related tokens. Traders rushed to speculative assets, hoping that increased popularity could carry the entire sector higher. 
<ul> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.ethnews.com/dogecoin-news-doge-gears-up-for-6-rally-amid-explosive-400-address-growth/">Dogecoin (DOGE)</a> gained roughly 3%, trading at approximately $0.177 with a $26.2 billion market cap and $787 million in daily trading volume. Being the largest meme coin, DOGE’s rise reflects general improved risk sentiment among crypto traders.</li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.ethnews.com/shib-army-grows-stronger-1-5m-shiba-inu-holders-as-shibarium-crosses-10m-blocks/">Shiba Inu (SHIB)</a> added 2%, reaching $0.0000133. The token’s $7.8 billion market cap and $145 million in daily volume and its modest gain show positive sentiments spilling over to other dog-themed coins.</li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.ethnews.com/missed-pepe-these-3-meme-coins-could-1000x-in-the-next-bull-run/">Pepe (PEPE)</a> surged nearly 5%, trading at $0.0000076 with a $3.2 billion market cap and $486 million in trading volume. The renewed interest in PEPE suggests that speculative bets, which had been consolidating following its breakout last year.</li> 
 <li style="font-weight: 400;" aria-level="1">Jeo Boden (BODEN), a satirical token inspired by President Joe Biden, rose 5% to $0.0026, with $630,000 in trading volume over the past day. The price surge is a sign of general speculative flows into politically themed meme tokens.</li> 
 <li style="font-weight: 400;" aria-level="1">MAGA – A “Make America Great Again“-themed memecoin also saw speculative inflows. A single MAGA token is selling at about $0.000014 with a market cap of about $5.5 million. Its volumes peaked at $11 million in the last day as short-term investors tried to surf on the Trump-related momentum.</li> 
</ul> 
Across the board, large and small meme coins are flashing green. Market analysts note a clear correlation to the Trump token news—the president’s crypto endorsement has provided a halo effect, with meme coin enthusiasts rotating into other coins in hopes of riding a wider rally. The surge of these tokens together illustrates how quickly hype can spread in the meme coin universe. 
<h2 id="b-analysts-warn-of-volatility-despite-gains-b">Analysts Warn of Volatility Despite Gains</h2> 
While the meme coin rally has excited traders, analysts are warning about caution. Meme coins remain highly speculative, and more so based on hype than fundamentals. The history of the $TRUMP token is proof of how volatile this space is. 
Despite the strong recovery in $TRUMP and related tokens, analysts warn that gains may prove short-lived if sentiment shifts. Meme coins have historically followed a “boom-and-bust” cycle, with sharp price surges often followed by equally brutal declines. 
&nbsp; 
The post <a href="https://www.ethnews.com/trump-token-skyrockets-after-trumps-endorsement-sparks-meme-coin-boom/">Trump Token Skyrockets After Trump’s Endorsement, Sparks Meme Coin Boom</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Trump Token Skyrockets After Trump’s Endorsement, Sparks Meme Coin Boom

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