$TRUMP meme coin jumps after Trump calls it ‘the greatest’
Lawmakers have raised concerns over Trump’s direct promotion of his meme coin, warning it could set a precedent for financial conflicts in public office.
US President Donald Trump’s recent endorsement of the $TRUMP meme coin on Truth Social has led to a temporary price surge. Trump called the coin ‘the greatest of all,’ sharing his excitement with his 9.3 million followers.
The post sent the token’s price to a high of $12.17, before settling around $11.85. Despite the boost, the coin remains down by 84% from its all-time high of $73.4, reached shortly after its launch in January.
The Solana-based $TRUMP token was launched in January 2025, reaching a peak market value of over $14.5 billion just before Trump’s inauguration.
However, the coin has raised concerns about unregulated financial influence and potential risks to investors, especially with its connection to the President’s brand.
While Trump had previously expressed limited knowledge about the coin, his latest post has reignited interest.
Lawmakers, including Rep. Sam Liccardo, have also raised alarms, with some pushing for regulations such as the MEME Act to prevent federal officials and their families from profiting off meme coins.
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