The meme coin TRUMP witnessed a rocket rise exceeding $8 over the weekend, surpassing many other digital assets in terms of performance.
This surge comes amid a strong upward momentum despite pressures related to the token unlock process, which was expected to cause a price decline due to increased supply.
However, on the contrary, the coin managed to attract wide interest from both speculators and investors alike, amidst rising political discussions and the approaching elections in the United States.
The association with the name "Trump" gives the coin a strong morale boost, especially among his supporters who see it as both a political and investment symbol.
Although this type of coin is usually subject to sharp fluctuations and illogical speculation, the recent performance of the TRUMP coin raises curiosity and puts it firmly in the spotlight.
Investors should exercise caution and not get swept away by quick gains without analyzing potential risks, especially with the possibility of sudden price corrections.
Thank you for your continued follow-up and analysis of market movements!