The price of the meme coin (Donald Trump's) TRUMP recovered over the weekend after the president posted a popular message to support his coin on the Truth Social platform, stating: "I love TRUMP coin, it is so great,"
The price of the currency rose by 11% from $10.93 to $12.24. Although the price later stabilized around $11.85, its trading clearly increased, with daily trading volume rising by 288% to $1.22 billion, temporarily making TRUMP the most traded meme coin in the market.
This is not the first time a digital asset backed by a well-known figure has experienced a massive rise. However, the sharp increase in trading activity has sparked discussions about the sustainability of these currencies.
Since its peak at $73.40 in January, the price of TRUMP has been on a long-term downward trend, except for the recent temporary rise.
At the same time, the overall market sentiment improved due to reports indicating the possibility of easing planned tariff policies before the announcement on April 2 ...$TRUMP
