Trump-Themed Cryptocurrency Surges 234% Amid Political Meme Craze

NEW YORK, NY — A cryptocurrency themed after former President Donald Trump, dubbed $TRUMP, has surged 234% in the past 24 hours, reaching a market capitalization of $11.54 billion. The coin, which trades at $57.74 as of July 13, 2024, has become a focal point of a political meme movement celebrating Trump’s resilience and leadership.

The $TRUMP token, launched on the blockchain, saw its trading volume skyrocket to $15.72 billion in 24 hours, with its price hitting an all-time high of $71.71 before settling slightly lower. The coin’s rise follows a viral moment on July 13, when Trump, during a public appearance, raised his fist and chanted “FIGHT FIGHT FIGHT,” a moment that has since been immortalized in memes and now in cryptocurrency form.

“This Trump Meme celebrates a leader who doesn’t back down, no matter the odds,” reads the project’s description. The token has a maximum supply of 999.99 million coins, with 200 million currently in circulation. Its rapid ascent has placed it at #18 on CoinMarketCap‘s rankings, making it one of the top-performing cryptocurrencies in recent days.

The $TRUMP token is now freely tradeable on both centralized and decentralized exchanges, with its community rallying around the slogan “Join the Trump Community – we’re all about fighting for what matters.” The project’s website and social media channels have seen a surge in traffic, with supporters hailing the coin as a symbol of political defiance and financial opportunity.

Despite its meteoric rise, the $TRUMP token remains highly volatile, with its price fluctuating between $17.15 and $71.71 in the past day. Analysts caution that such meme-based cryptocurrencies often experience sharp price swings and are subject to speculative trading.

As of now, the $TRUMP token continues to dominate headlines, blending politics, finance, and internet culture in a way that has captivated both crypto enthusiasts and political observers alike.