Rumors are spreading on social media about US President Donald Trump endorsing Pepe coin, by his current put up on Truth Social. This was sufficient to ship the meme coin hovering excessive, with day by day buying and selling volumes skyrocketing to $1.63 billion. Pepe Coin worth has surged by 7% previously few hours. Whether it’s only a mere coincidence or not, President Trump is understood for supporting meme cash.
Is US President Donald Trump Endorsing Pepe Coin?
U.S. President Donald Trump sparked market pleasure on Wednesday after sharing a photograph that includes PEPE meme on Truth Social. The put up instantly caught the eye of merchants, resulting in a robust surge in PEPE coin’s worth shortly afterward.
Nothing Can Stop What Is Coming pic.twitter.com/lrPorKJCiO
— Pepe (@pepecoineth) May 29, 2025
The meme coin’s fast response to the put up has fueled hypothesis in regards to the potential for a broader rally. Market analysts are actually intently monitoring whether or not this momentum will maintain.
The social media was fast to compensate for to this, with influencers sharing their views on the US president’s tweet. Crypto influencer Evan Luthra tweeted, suggesting is it actually one thing massive upcoming or only a glitch.
With over 60% surge on the month-to-month chart, the PEPE Coin price is now retesting vital resistance at $0.000016. Today’s 5% pump comes with its day by day buying and selling quantity surging 37% to $1.63 billion, displaying sturdy merchants’ curiosity. Also, the meme coin’s market cap is up over $6 billion. Also, the Coinglass information exhibits that the PEPE futures open curiosity is up 11% to $667 million.
Pepe Coin Continues to Make Headlines
President Donald Trump is personally into meme cash, and launched the Trump Official (TRUMP) meme coin earlier this 12 months. Recently, he additionally hosted the gala Trump Dinner for all of the holders of TRUMP Coin, whereby the meme coin surged previously week however misplaced steam quickly.
Apart from the Trump FOMO across the frog-themed meme coin, the PEPE whale exercise has additionally been on the rise lately. Last week, the meme coin got here into buyers’ radar as crypto dealer James Wynn initiated a 10x leverage lengthy guess on PEPE, but folded it soon after with no major profit booking. Interestingly, the dealer made a large $87 million revenue throughout final month’s crypto market surge however misplaced all of it simply over the previous week.
Some whale entities additionally transferred over 2 trillion PEPE tokens from Bybit to an unknown pockets. This exhibits that sufficient demand persists for the meme coin, with the opportunity of the value rally to proceed.
Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of monetary markets. His curiosity in economics and finance has led him to concentrate on rising Blockchain know-how and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the data he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and infrequently explores his culinary abilities.
Disclaimer: The offered content material could embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
