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Home»Altcoins»Why is Trump Coin going up today?
Altcoins

Why is Trump Coin going up today?

2025-04-24No Comments2 Mins Read
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The Trump Memecoin, coupled with US President Donald Trump, gets serious headlines after rising more than 60% in one day.

The Meme -Munt rose beyond $ 16 by more than 58% rise after Trump announced To organize an exclusive dinner for the top $ 220 Trump co -coins holders who caused excitement in the community. De Munt recently dropped 88%and yesterday he saw a strong recovery. It is currently being traded at $ 12.22, an increase of more than 30%.

Is the hype real?

Analyst Greg Miller Open about the most important developments on Trump -Media such as the upcoming crypto ETFs from Crypto.com and Yorkville, legal support from top company Davis Polk, and the launch of a USD1 Stablecoin supported by American treasury. With a market capitalization now $ 2.58 billion and trade volume rises to $ 1.41 billion, the hype is real, as well as liquidity.

With more than 205k coins that unlock daily until July 18, 2025, some warn that the rise could be of short duration and see the price serious sales pressure after dinner fades.

Dinner with Trump – a risky things?

However, some in the community have issued a warning. There are concerns about conflicts of interest while the Trump family pushes into crypto. Critics, such as Tony Carrk from Accountable.US, labeled Trump’s planned dinner with $ Trump Coin holders as ‘presidential griffing’, for fear that it could lead to special interests that influence the administration.

While some see Trump as a permanent political phenomenon, others consider it a risky meme on their way to a correction.

If Meme Coin Interest and Trump gets political traction, analysts predict that it could reach $ 70 – $ 100 at the end of 2025. But with the current token unlocking and the sales pressure, the price could lower to $ 5 or lower, especially without a wider market recovery.

See also  MakerDAO: DAI Supply Hits New Low, While MKR Holds…

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