Donald Trump Renews Attention to His Cryptocurrency, $TRUMP, by Posting on Truth. He Describes the Coin as “the Greatest of Them All”

In a dramatic move, President Donald Trump renewed attention to his namesake cryptocurrency by posting on Truth. He described the $TRUMP coin as “the greatest of them all”

"Trump coin," the cryptocurrency bearing the former president's surname, has once again come into the public eye following a post by Donald Trump himself on Truth. Describing the $TRUMP coin as "the greatest of them all" and "so cool," Trump's post had an immediate impact, boosting the token's price by over 10%.

The president's direct praise also engaged online communities, while traders quickly capitalized on the surge in interest. As a result, the token's trading volume rose noticeably, highlighting Trump's enduring influence in financial discussions. Operating on the Solana blockchain, $TRUMP saw a surge that brought its one-day trading activity above $1 billion, more than doubling the typical daily figures. However, the token's current value remains considerably lower than its all-time high of $77, reached in January 2025.

Investors remain apprehensive about this asset's volatile and politicized nature, and attempts to pass laws removing it from the market have been made. Combined with rumors of an upcoming token unlock on April 18, this price surge has led many to closely follow $TRUMP's performance.

The presidents post on Truth Social:

Donald Trump's public support for the TRUMP coin highlights his ability to shape market sentiment with a single social media post. Since the token's debut, price paths have varied dramatically; it once attained a market capitalization of $15 billion before contracting sharply. His recent message on Truth Social reminded investors of his ongoing connection to this coin, sparking fresh enthusiasm among traders.

Figure 1 – Posted on Truth Social, March 24, 2025

Additionally, the market response underscores the speculative essence of memecoin prices influenced by social media hype. While enthusiastic investors grasped the immediate opportunity presented by Trump's crypto endorsement, more cautious market observers voiced concerns over the long-term sustainability of such projects. Despite the promotional impact, some financial analysts believe that continual public endorsements may not guarantee enduring investor confidence amid regulatory oversight issues.

Concerns Over Centralization and Political Backlash

Critics have raised valid concerns regarding TRUMP coin distribution, highlighting that nearly 94% of its total supply is concentrated within 40 wallets. This extreme centralization could facilitate market manipulation. Moreover, the anticipated token unlock, designed to release an additional 40 million tokens into circulation, has escalated the debate, as influential early stakeholders might attempt to capitalize on the momentum generated by Trump's recent promotion.

Political interest has also intensified, with House Democrats, led by figures like Rep. Sam Liccardo, proposing the MEME Act. This prospective law would restrict federal employees and their families from profiting personally from memecoins, highlighting the emerging ethical and regulatory concerns. Critics argue that Trump's support of $TRUMP ultimately serves as a mechanism for personal gain.

Can $TRUMP Maintain Its Momentum?

Although Trump's recent endorsement immediately boosted $TRUMP's market performance, the long-term viability of the $TRUMP coin remains uncertain. Historical trends indicate that celebrity-backed coins often experience rapid price surges followed by equally steep corrections. Data shows a slight pullback in the token's value after its initial spike. This reaction closely follows previous patterns observed after similar promotional social media posts.

Furthermore, broader market conditions heavily influence $TRUMP's future path. Increased volatility and the planned unlock of 40 million tokens contribute to uncertainty in the market. Whether Trump continues his promotional strategies or gradually disengages from subsequent developments will likely have a significant impact on investor confidence in the coming months.