The TRUMP memecoin, linked to U.S. President Donald Trump, is making serious headlines after rising more than 60% in a single day.
The meme coin skyrocketed to over $16 with an increase of more than 58% after Trump announced he would host an exclusive dinner for the top holders of $220 TRUMP coins, generating excitement in the community. The coin had recently fallen 88%, and yesterday saw a strong recovery. It is currently trading at $12.22, with an increase of over 30%.
Is the Hype Real?
Analyst Greg Miller spoke about the major developments at Trump Media, such as the upcoming cryptocurrency ETFs from Crypto.com and Yorkville, the legal support from the major firm Davis Polk, and the launch of a USD1 stablecoin backed by U.S. Treasury securities. With a market capitalization now at $2.58 billion and trading volume skyrocketing to $1.41 billion, the hype is real, as is the liquidity.
With over 205 thousand coins being unlocked daily until July 18, 2025, some warn that the increase may be short-lived and that the price may face serious selling pressure after the dinner buzz fades.
Dinner With Trump – A Risky Business?
However, some in the community issued a warning. There are concerns about conflicts of interest as the Trump family ventures into the world of cryptocurrencies. Critics, like Tony Carrk from Accountable.US, label Trump's planned dinner with the holders of $TRUMP coin as 'presidential grift', fearing that this could lead special interests to influence the administration.
While some see TRUMP as a lasting political phenomenon, others consider it a risky meme coin on the brink of a correction.
If interest in the meme coin is rekindled and TRUMP gains political traction, analysts predict it could reach $70–$100 by the end of 2025. But with ongoing token unlocks, selling pressure could drive the price down to $5 or less, especially without a broader market recovery.
