Trump's Tweet Sends Meme Coin TRUMP Soaring

Meme coins are making headlines again as the TRUMP coin has skyrocketed following a tweet from former President Donald Trump.

In a surprising turn of events, TRUMP coin has skyrocketed following a tweet from former President Donald Trump, becoming the best-performing asset according to CoinGecko’s analysis.

March 24, 2025 (8:45 ET) — As reported by CoinDesk, TRUMP coin experienced a 12% surge in just 24 hours, rising from 10.93 USD to 12.25 USD per unit.

This surge followed Trump's post on his social media platform, Truth Social, where he called the coin "very cool" and "the greatest of all" in the cryptocurrency market.

Besides TRUMP coin's remarkable performance, Ethena also saw a decent increase of 8.9%, while Bonk and Mantle went up by 8% and 7%, respectively. Bitcoin managed to climb over 4% to reach around 87,000 USD, the highest it had been in almost a week.

The TRUMP coin is now trading just under 12 USD, still showing an increase of nearly 9%. This new price point comes after a period of tumultuous decline, seeing its value drop by 75% from the billions in market capitalization it achieved earlier this year following Trump's endorsement.

The cryptocurrency, which is often created from internet humor, celebrity references, or animal icons with little to no real economic value, is known for its high volatility and speculative nature.

This rise in meme coins has also sparked legislative interest, with House Democrats recently introducing the MEME Act. The bill aims to ban federal officials and their families from profiting from such cryptocurrencies.

Representative Sam Liccardo, who is championing the bill, has accused Trump’s family of exploiting the public through the TRUMP coin and raised concerns about insider trading and foreign influence. If passed, the MEME Act would extend its reach to various financial assets, including stocks tied to platforms like Truth Social.

The U.S. Securities and Exchange Commission (SEC) has categorized meme coins as not being securities, which exempts them from regulatory scrutiny. This status has both fueled and challenged the meme coin phenomenon as it amplifies community-driven speculation in a largely unregulated space.

The speculative excitement surrounding the TRUMP coin serves as a reminder of the rapid shifts within the cryptocurrency landscape, driven significantly by social media endorsements and public figures. While many see these coins as mere entertainment and speculative assets, others warn about their inherent risks — often highly volatile and susceptible to market manipulation based on community sentiment.

As the cryptocurrency market continues to evolve, the interplay between public enthusiasm and regulatory efforts will undoubtedly shape the future of digital currencies like the TRUMP coin and the broader meme coin category.