The TRUMP memecoin has seen a remarkable 16% surge in the past 24 hours, despite facing criticism from Democratic lawmakers over its association with President Trump. At a recent town hall, Senator Jon Ossoff (D-Ga.) accused the token of selling access to the presidency by offering top holders an exclusive dinner invitation with President Trump. This move has sparked calls for impeachment, with Ossoff asserting that selling access in such a way constitutes an impeachable offense. Alongside this controversy, Senators Adam Schiff (D-Calif.) and Elizabeth Warren (D-Mass.) have demanded a federal investigation into potential violations of ethics rules by the president.
Despite the political backlash, the TRUMP token continues to rise, with a massive 70% increase following the dinner announcement. Additionally, the memecoin experienced an 85% jump over the past week, even though it recently faced a $320 million token unlock that inflated its circulating supply. The growth is set to continue with another unlock of 25.1% scheduled in the coming months. The unique blend of political drama and volatile market action has kept investors and critics alike on edge, as the TRUMP token continues to captivate attention and raise questions about ethics in cryptocurrency.