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International Business Times
International Business Times
Business
Marvie Basilan

US President Pumps His Meme Coin, Triggering 10% Surge In $TRUMP Price

Donald Trump Crypto United States Brett Johnson Bitcoin CoinGecko
Donald Trump launched his official memecoin, $TRUMP, ahead of his inauguration. (Credit: The Official Trump Meme Website / Screenshot)

KEY POINTS

  • $TRUMP surged to around $12.25 at one point Sunday night after Trump promoted his meme token
  • The memecoin used to trade as high as $70 before it plunged at some point to $4
  • Some crypto users have warned that the $TRUMP token is a scam

U.S. President Donald Trump has not said anything about his memecoin in weeks, but on Sunday, the business mogul took to his Truth Social account, saying he "loves" the meme token, fueling a significant jump in the digital coin's price.

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