The official TRUMP token worth is within the highlight after a dramatic enhance surprised the crypto market. According to information from CoinMarketCap, the token rose almost 70%, reaching $14.56, following information that severely boosted consideration and by extension, its worth.
Why is TRUMP Token Price Soaring?
According to a CryptoKaleo submit on X, the worth rally was marked by the soar available in the market worth of the TRUMP token from $9.16 to $11.47 in hours. Interestingly, the momentum didn’t gradual, because the meme token continued its upward transfer and finally reached the $14.56 worth level, securing a 70.99% acquire.
$TRUMP going vertical on information The President will host a dinner with the highest 220 holders of his meme coin. pic.twitter.com/EapN73C2NZ
— Okay A L E O (@CryptoKaleo) April 23, 2025
CryptoKaleo talked about within the X submit that US President Donald Trump has revealed plans to maintain a personal dinner for the highest 220 TRUMP holders. The memecoin began gaining consideration following the announcement, particularly amongst these in search of affect and entry.
Earlier this month, the token jumped by 7%, setting the stage for a extra constructive rally. At the second, market sentiment suggests the promise of direct contact with the President added exclusivity and rewards that almost all meme cash lack.
However, not all reactions had been constructive. Some customers on X voiced considerations. A person named FTPager identified that the surge got here shortly after a $400 million token unlock, hinting at doable market manipulation.
Another person described the scenario as a pump-and-dump play meant to lure in retail traders. Still, the thrill across the doable dinner had already pushed the token into the highlight.
TRUMP Leads Memecoin Rally
While the TRUMP token worth took the lead, different memecoins additionally noticed inexperienced candles. According to CoinMarketCap information, Dogecoin (DOGE) rose by 4.24%, reaching $0.1785.
Shiba Inu (SHIB) climbed 3.48% to $0.00001348. PEPE gained 4.99%, hitting $0.000008820. The rally would possibly see PEPE price breakout if it manages to breach the $0.00001 resistance stage.
Still, these will increase had been minor in contrast to the TRUMP token worth and the recorded day by day acquire. If something, the numbers confirmed how a lot stronger the President’s related token is pushed by information and social media exercise.
Memecoin ETF Now a Catalyst to Watch
It is necessary to be aware that there’s a rising dialog round a number of memecoin ETFs. Earlier this month, asset administration agency 21Shares filed for a spot Dogecoin ETF with the U.S. SEC.
In addition, leveraged ETF merchandise had been filed for SHIB, BONK, and TRUMP earlier this 12 months. If these ETFs are accredited, they may appeal to institutional traders and probably drive a worth rally.
Fortunately, now that Paul Atkins is SEC Chair, hopes of approval of those ETFs have additionally elevated.
Godfrey Benjamin
Benjamin Godfrey is a blockchain fanatic and journalists who relish writing about the actual life purposes of blockchain know-how and improvements to drive normal acceptance and worldwide integration of the rising know-how. His wishes to educate folks about cryptocurrencies conjures up his contributions to famend blockchain primarily based media and websites. Benjamin Godfrey is a lover of sports activities and agriculture.
Disclaimer: The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
