Trump’s latest endorsement on Truth Social has ignited controversy in the crypto community, fueling a 10% surge in the price of TRUMP
Author: Chirag Sharma
President Donald Trump’s latest TRUMP endorsement on Truth Social has ignited controversy in the crypto community, fueling a 10% surge in the price of TRUMP. While traders welcomed the pump, skeptics have raised concerns over potential market manipulation, especially as liquidity-starved altcoins struggle this season.
Launched in January 2025, just before Trump’s inauguration, the TRUMP token saw an initial rally past $60 before crashing below $16. While Sunday’s surge was modest, it highlighted the outsized impact of Trump’s social media presence on memecoin markets.
Critics argue that this is yet another instance of a sitting president leveraging influence over crypto prices, exacerbating market instability. Given the low liquidity in the current altcoin market, such endorsements can have a disproportionate effect, benefiting speculative tokens over utility-based projects.
Despite a reported $9.5 billion increase in USDC liquidity since January, utility-based altcoins remain stagnant. Analysts from Matrixport suggest that capital is flowing into speculative memecoins like TRUMP instead of blockchain projects with real-world applications.
Trump’s continued promotion of speculative assets raises broader concerns about the stability of the :
Short-term gains for traders – but at the cost of long-term credibility.
Low-liquidity altcoins continue to suffer as memecoins dominate capital inflows.
Regulatory scrutiny may increase as market manipulation concerns grow.
Some crypto analysts see this as a “cash grab” rather than a push for genuine innovation. With Trump’s administration actively supporting digital assets, his personal involvement in highly speculative tokens risks undermining the very industry he claims to champion.
For now, the TRUMP push with the Truth Social post is a temporary win for holders—but a red flag for a fragile market teetering between speculation and stability.
Blockchain Bob raised concerns over memecoin shilling from presidents in this era.
Zach believes that this is good for people who are down massively on their $TRUMP bags
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