TRUMP Token Spikes 12% After U.S. President Labels It ‘A Phenomenal Investment’

Trump’s Truth Social Post Sparks 12% Surge in His Official Meme Coin

A single social media post from U.S. President Donald Trump sent his namesake cryptocurrency soaring on Monday, making it the best-performing digital asset during Asian trading hours, according to CoinGecko data.

Trump took to Truth Social to declare the TRUMP token “the greatest of them all” and “cool,” triggering a sharp price jump. Within minutes, the token surged from around $10.93 to $12.25—marking a 12% increase—before settling at $11.91, still up about 9%.

This performance outpaced other major crypto assets, with Ethena gaining 8.9%, Bonk up 8%, and Mantle climbing 7%. Meanwhile, the CoinDesk 20 index, which tracks the largest cryptocurrencies, rose approximately 2%.

Since its launch in January, the TRUMP token has experienced a rollercoaster ride, at one point reaching billions in market cap thanks to Trump’s backing before plunging 75% amid broader market instability. The token has also faced scrutiny from House Democrats, who have introduced the MEME Act—a legislative proposal aiming to ban federal officials and their families from profiting off meme coins.

Representative Sam Liccardo, a key sponsor of the bill, has accused the Trump family of leveraging meme coins for financial gain, citing risks of insider trading and foreign influence. Despite these concerns, the SEC has stated that meme coins, including TRUMP, do not qualify as securities and therefore fall outside its regulatory jurisdiction.