Donald Trump, the President of the United States, directly referred to the official TRUMP token by posting on the Truth Social network, calling it ‘very excellent’ and ‘the best among all.’ This rare comment led to increased trading volume and a rise in the token’s price, although it slightly decreased later on. Following this post, the price of the TRUMP token increased from $10.91 to around $12.11, showing an 11% increase. The trading volume also reached its highest level since early March. The launch of the official TRUMP token in January, along with the less successful MELANIA token, was controversial and resulted in a legislator presenting a bill that prohibits senior officials and their families from issuing or endorsing securities and digital currencies like meme coins.
