Donald Trump's Official Meme Coin, $TRUMP, Continues to Be One of the Highest Trending and Best Performing Cryptocurrencies

Donald Trump's official meme coin, $TRUMP, continues to be one of the highest trending and best performing cryptocurrencies over the past few weeks.

Donald Trump’s official meme coin, $TRUMP, continues to be one of the highest trending and best performing cryptocurrencies over the past few weeks. It has risen another 8% on the day following a post by President Trump on Truth Social, and is currently trading for nearly $12.

Prior to its resurgence, the $TRUMP token has experienced huge volatility since its debut in January, including a 75% crash from its $70 highs, and more recently has come under political fire from House Democrats.

[TRUTH SOCIAL] President Trump has mentioned his memecoin #TRUMP publicly again$TRUMP https://t.co/B03K8r0m8x

— BecauseBitcoin.com (@BecauseBitcoin) March 23, 2025

Official TRUMP Meme Coin Continues To Surge In Spite Of Democrat FUD

House Democrats, led by Rep. Sam Liccardo, recently introduced the ‘MEME Act’, which aims to prevent federal officials and their families from profetring from meme coins.

On the other hand, the Securities and Exchange Commission (SEC) has stated that meme coins are not securities and thus do not fall under its oversight.

However, despite the Democrats attempting to spread FUD on meme coins and specifically Donald Trump’s official token, it has been one of the best performing cryptocurrencies in recent weeks.

Just in the past 24 hours, $TRUMP is up nearly 8% on the back of the US President’s post on Truth Social. In the post, President Trump is seen to be referring to $TRUMP as ‘the greatest of them all’ and ‘cool.’

According to CoinGecko, the $TRUMP chart shows that in the minutes after the President made the post, his meme coins spiked from around $10.98 to approximately $12.25, a nearly 12% rise.

While it was followed by a brief sell-off, the $TRUMP token stabalized and is still up around 8%, trading at $11.82. According to CoinGecko, $TRUMP is a ‘Top Trending' token, alongside Sonic (S) and Nillion (NIL).

Per the CoinGecko meme coin category, it is the top trending meme coin and the fourth largest meme coin by market cap. It sits behind Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE).

$TRUMP now has a market cap of $2.3 billion and if it continues its recent upward trajectory, it could soon overtake $PEPE, which holds a $3.1 billion market cap.

(COINGECKO)

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Rocky Ride For $TRUMP Coin So Far, But Things Are Looking On The Up-And-Up

🚨President Trump's $TRUMP Solana token was discussed federally by Congressman Sam Liccardo, calling it a rugpull: "Trump's partners and some investors based in China pumped up the price."

— ALLINCRYPTO (@RealAllinCrypto) February 28, 2025

It’s been a rocky ride for the $TRUMP token since its launch in January. Upon its inception, it quickly soared to over $10 billion in market cap amid public endorsements by President Trump himself, before crashing 75% amidst wider market turmoil.

It has also drawn much political backlash from President Trump’s Democratic opposition, which have made it their priority to curb Government involvement in such meme coins through proposed legislation.

House Democrats, led by Rep. Sam Liccardo, have introduced the MEME Act, which would prohibit federal officials and their families from profiting off meme coins.

In a recent blog post, Rep. Liccardo specifically named the $TRUMP token, and went on to accuse the President’s family of exploiting the public through meme coins, and warned of the potential for insider trading and foreign influence via the token.

"The MEME Act would broadly prohibit members of the federal government from engaging in these activities with respect to a wide range of financial assets, including stocks, securities, cryptocurrencies, and meme coins. For example, the legislation would prevent members of Congress from investing in Truth Social stock or the new meme coin sold by the president's son, $TRUMP."

However, on the other hand, the Securities and Exchange Commission (SEC), has made it clear that meme coins, such as the $TRUMP token, are not deemed securities and as a result, not subject to its oversight.

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