The official TRUMP token value is within the highlight after a dramatic improve surprised the crypto market. In line with knowledge from CoinMarketCap, the token rose almost 70%, reaching $14.56, following information that severely boosted consideration and by extension, its worth.
Why is TRUMP Token Value Hovering?
In line with a CryptoKaleo submit on X, the value rally was marked by the leap available in the market worth of the TRUMP token from $9.16 to $11.47 in hours. Curiously, the momentum didn’t gradual, because the meme token continued its upward transfer and ultimately reached the $14.56 value level, securing a 70.99% achieve.
$TRUMP going vertical on information The President will host a dinner with the highest 220 holders of his meme coin. pic.twitter.com/EapN73C2NZ
— Ok A L E O (@CryptoKaleo) April 23, 2025
CryptoKaleo talked about within the X submit that US President Donald Trump has revealed plans to carry a non-public dinner for the highest 220 TRUMP holders. The memecoin began gaining consideration following the announcement, particularly amongst these searching for affect and entry.
Earlier this month, the token jumped by 7%, setting the stage for a extra constructive rally. In the meanwhile, market sentiment suggests the promise of direct contact with the President added exclusivity and rewards that the majority meme cash lack.
Nevertheless, not all reactions have been constructive. Some customers on X voiced considerations. A person named FTPager identified that the surge got here shortly after a $400 million token unlock, hinting at attainable market manipulation.
One other person described the state of affairs as a pump-and-dump play meant to lure in retail buyers. Nonetheless, the joy across the attainable dinner had already pushed the token into the highlight.
TRUMP Leads Memecoin Rally
Whereas the TRUMP token value took the lead, different memecoins additionally noticed inexperienced candles. In line with CoinMarketCap knowledge, Dogecoin (DOGE) rose by 4.24%, reaching $0.1785.
Shiba Inu (SHIB) climbed 3.48% to $0.00001348. PEPE gained 4.99%, hitting $0.000008820. The rally may see PEPE price breakout if it manages to breach the $0.00001 resistance stage.
Nonetheless, these will increase have been minor in comparison with the TRUMP token value and the recorded each day achieve. If something, the numbers confirmed how a lot stronger the President’s related token is pushed by information and social media exercise.
Memecoin ETF Now a Catalyst to Watch
It is very important notice that there’s a rising dialog round a number of memecoin ETFs. Earlier this month, asset administration agency 21Shares filed for a spot Dogecoin ETF with the U.S. SEC.
As well as, leveraged ETF merchandise have been filed for SHIB, BONK, and TRUMP earlier this yr. If these ETFs are accredited, they might entice institutional buyers and presumably drive a value rally.
Thankfully, now that Paul Atkins is SEC Chair, hopes of approval of those ETFs have additionally elevated.
The submit TRUMP Token Price Rockets 70%, Is Meme Coin ETF About to Drop? appeared first on CoinGape.