#ILOVE$TRUMP

President Trump’s enthusiastic Truth Social endorsement—“I LOVE $TRUMP — SO COOL!!!”—sent the meme coin surging from $10.93 to $12.24, sparking a 288% trading volume spike to $1.22B. Though prices later dipped to $11.85, the token’s volatility highlights its reliance on hype. Critics note 94% ownership by 40 wallets, including Trump-linked entities holding 800M of 1B tokens, raising concerns about insider influence. Lawmakers like Rep. Sam Liccardo are pushing the MEME Act to ban officials from profiting off such coins. With a looming April token unlock and $65B market cap loss since January’s $73 peak, the coin’s future hinges on political scrutiny and supply dynamics. 🚀🔥