#ILOVE$TRUMP After a surprising endorsement from Trump.. The TRUMP digital currency jumps by more than 10%

#ILOVE$TRUMP The official meme coin of Donald Trump ($TRUMP) recorded a sharp increase of over 10% to reach $12.25, after the former U.S. President posted on Truth Social endorsing the digital currency, which led to a noticeable recovery in trading volume and market value.

According to data from crypto.news, the coin surpassed the $12 mark, reaching a peak of $12.25 before stabilizing at $11.94 at the time of the report, achieving gains exceeding 9% over 24 hours. Despite this rise, the coin is still suffering from a monthly decline of over 26.4%.

Trump's support also positively reflected on the market value of the coin, which increased by 8.3% over the past day to reach $2.37 billion, following a period of stagnation. At the same time, daily trading volumes experienced a massive jump of 375.1%, indicating a surge in investor interest after the former President's unexpected post.

Trump had posted on Truth Social, which he founded in 2022, an exciting comment stating: “I love $TRUMP — so great!!! The greatest of all time!!!!!!!!!!!!!!!!”, prompting investors to quickly engage with the currency.