TRUMP Token Pops 12% as the President Calls it 'The Greatest of Them All'

Donald Trump's statesmanlike memecoin was the champion performing integer asset, according to CoinGecko data, arsenic of midday East Asia time, aft Trump made a Truth Social station calling it "the top of them all" and "cool."

Market data shows that successful the minutes aft Trump made the post, his eponymous cryptocurrency went from astir $10.93 to astir $12.25, for a 12% rise. After a little sell-off, the $TRUMP token is trading astatine $11.91, or, up astir 9%.

According to CoinGecko, this makes it the champion performing crypto of the Asia trading day. Ethena is up 8.9%, Bonk is up 8%, and Mantle is up 7% .The CoinDesk 20, a measurement of the show of the largest integer assets, is up astir 2%.

It's been a chaotic thrust for the $TRUMP token since its debut successful January, soaring concisely to billions successful marketplace headdress amid endorsements by President Trump himself before crashing 75% amidst broader marketplace turmoil, and drafting governmental backlash from House Democrats aiming to curb officials' engagement successful specified meme coins done projected legislation.

House Democrats, led by Rep. Sam Liccardo, person introduced the MEME Act, CoinDesk antecedently reported, which aims to prohibit national officials and their families from profiting disconnected meme coins.

In a blog post, Rep. Liccardo specifically called retired the $TRUMP token, accusing the First Family of exploiting the nationalist done meme coins, informing of insider trading and overseas power via the token, and emphasized the prohibition from the MEME Act would widen broadly to different fiscal assets including securities similar Truth Social stock.

The Securities and Exchange Commission, for its part, has said that memecoins – similar the $TRUMP token – are not securities frankincense not taxable to its oversight.