Why Is TRUMP Coin Going Up Today?
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The TRUMP memecoin, linked to the U.S. President Donald Trump is making serious headlines after soaring over 60% in a single day.
The meme coin skyrocketed past $16 with over 58% rise after Trump announced to host an exclusive dinner for the top $220 TRUMP coin holders which sparked excitement in the community. The coin had recently dropped 88%, and yesterday it saw a strong recovery. It is currently trading at $12.22, up over 30%.
Is The Hype Real?
Analyst Greg Miller opened up about the key developments on Trump Media like the upcoming crypto ETFs from Crypto.com and Yorkville, legal backing from top firm Davis Polk, and the launch of a USD1 stablecoin backed by U.S. Treasuries. With a market cap now at $2.58 billion and trading volume surging to $1.41 billion, the hype is real, and so is the liquidity.
With over 205K coins unlocking daily until July 18, 2025, some warn that the surge could be short-lived and the price could see serious selling pressure after the dinner buzz fades.
Dinner With Trump–A Risky Business?
However, some in the community have issued a warning. There are concerns over conflicts of interest as Trump’s family pushes into crypto. Critics, like Tony Carrk of Accountable.US, label Trump’s planned dinner with $TRUMP coin holders as “presidential grifting,” fearing it could lead to special interests influencing the administration.
While some see TRUMP as a lasting political phenomenon, others view it as a risky meme coin headed for a correction.
If meme coin interest revives and TRUMP gains political traction, analysts predict it could hit $70–$100 by late 2025. But with the ongoing token unlocks and sell pressure could drive the price down to $5 or lower, especially without a broader market recovery.
