$TRUMP The currency has experienced sharp fluctuations recently, rising to over $16 in late April after an announcement of a lavish dinner to be held at the White House for holders of the largest amounts of the currency. This event sparked widespread political controversy, with some critics viewing it as an attempt to buy political influence through digital currencies.

Technically, the weekly chart shows a "bullish engulfing candle" pattern, indicating strong buying momentum that could push the price to test higher levels in the near future.

However, the currency faces regulatory challenges, as members of the U.S. Congress have expressed concerns about the use of digital currencies for political purposes, which could lead to new regulatory restrictions affecting the currency's performance.