#ILOVE$TRUMPAfter a surprising endorsement from Trump, the TRUMP digital currency jumps by more than 10%

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, leading to a noticeable surge in trading volume and market value.

According to data from crypto.news, the currency surpassed the $12 mark, reaching its highest level at $12.25, before stabilizing at $11.94 at the time of reporting, achieving gains exceeding 9% over 24 hours. Despite this rise, the currency is still experiencing a monthly decline of over 26.4%.

Trump's support also positively reflected on the market value of the currency, which increased by 8.3% over the past day to reach $2.37 billion, after a period of stagnation. Meanwhile, daily trading volumes saw a massive jump of 375.1%, indicating rising investor interest following the former president's surprising post.

Trump had posted on Truth Social, which he founded in 2022, a provocative comment saying: “I love $TRUMP — very cool!!! The greatest of all time!!!!!!!!!!!!!!!!”, prompting investors to quickly engage with the currency.

It is worth mentioning that Truth Social is a social media platform owned by Trump Media & Technology Group, and Trump relies on it to express his views and publish his statements away from traditional platforms, which gives his posts a direct impact on digital markets.