#Trump: I love $TRUMP On January 18, 2025, Trump posted on his social media account, announcing the launch of his personal meme coin TRUMP. Late at night on March 23, 2025, Trump posted again stating, “I love Trump Coin, it’s so cool! It’s the best among them!” This statement immediately triggered a strong market reaction, with the value of Trump Coin surging approximately 10% in a short time.

From the market trend, after Trump announced Trump Coin, the price of this coin fluctuated wildly, experiencing a significant rise in its early days. According to CoinGecko data, TRUMP Coin started trading at an opening price of $0.1824, skyrocketing over 15,000% to about $30 within 12 hours, peaking at $75.35, with a more than tenfold increase within 24 hours. Its market capitalization also rapidly soared, once ranking fourth among meme coins. However, meme coins are generally regarded as speculative trading tools with high price volatility and extreme risk.

Trump's announcement regarding Trump Coin had a significant impact on the cryptocurrency market. On one hand, it triggered substantial volatility in the cryptocurrency market, with a lot of funds entering to short Ethereum, and Bitcoin prices also experiencing significant fluctuations. On the other hand, his statements and related policy inclinations, such as the commitment to make the U.S. a “Bitcoin superpower” and including some cryptocurrencies in the U.S. new cryptocurrency strategic reserves, reignited investment enthusiasm in the crypto industry and may prompt more institutional investors to reassess the role of virtual assets in asset allocation.

However, Trump's launch of Trump Coin has also sparked considerable controversy. Some views suggest that this exploits the presidential position for profit, raising conflicts of interest, and others criticize its token supply mechanism as unreasonable and akin to a scam.