TRUMP Token Jumps 12% After U.S. President Declares It ‘Unmatched and Unbeatable’

Trump’s Truth Social Post Fuels TRUMP Token Rally

The TRUMP token surged on Monday during Asian trading hours after U.S. President Donald Trump praised it on Truth Social, calling it “the greatest of them all” and “cool,” according to CoinGecko data.

Immediately after Trump’s post, the token spiked from around $10.93 to approximately $12.25, marking a 12% increase. After a brief pullback, $TRUMP settled at $11.91, still up about 9% on the day.

This rally made TRUMP the top-performing cryptocurrency in the Asian session. Ethena followed with an 8.9% gain, Bonk rose 8%, and Mantle climbed 7%, while the CoinDesk 20 index—tracking the largest digital assets—gained around 2%.

Since its launch in January, the TRUMP token has experienced significant volatility, initially skyrocketing to a multi-billion-dollar market cap after Trump’s endorsements before plunging 75% amid broader market downturns. The token has also drawn political scrutiny, with House Democrats pushing legislation to curb officials’ involvement in meme coins.

Rep. Sam Liccardo has introduced the MEME Act, which seeks to prohibit federal officials and their families from profiting from meme coins. Liccardo specifically highlighted the $TRUMP token, accusing the First Family of financial manipulation and warning of potential insider trading and foreign influence. The bill would also extend to securities like Truth Social stock.

Despite ongoing controversy, the Securities and Exchange Commission (SEC) has stated that memecoins—including TRUMP—are not classified as securities, meaning they remain outside its regulatory oversight.