The official Trump memecoin, $TRUMP, went up more than 10% to $12.25 after Donald Trump shared a post endorsing the token on Truth Social.
According to data from crypto.news, the official Trump (TRUMP) token has crossed over the $12 threshold, bouncing as high as $12.25. At press time, $TRUMP has gone up more than 9% in the past 24 hours. The token is currently trading hands at $11.94. In the past month, the token has experienced a decline, going down by more than 26.4%.
Not only that, the Trump memecoin’s market cap has also gotten a much needed boost after remaining mostly stagnant throughout this month. After Trump’s post, the Solana (SOL)-based memecoin’s market cap went up by 8.3% to $2.37 billion in the past day.
In addition, $TRUMP’s daily trading volume received a boost of more than 375.1%, indicating a rise in market activity since Trump’s Truth Social post.
