TRUMP Coin Sees 70% Price Surge After White House Event

The memecoin TRUMP has seen a significant price surge in recent days, rallying over 70% after President Trump's White House cryptocurrency event. According to CoinGecko data, TRUMP's price has increased by more than 10% in the last 24 hours and 76% in the last week.

The rally is largely attributed to President Trump's recent meeting with industry CEOs and founders at the White House, where he emphasized the current administration's pro-cryptocurrency stance. The event was seen as a bullish signal for the market, with Bitcoin briefly climbing to $79,000 before facing resistance. However, TRUMP's price has also fallen by 96.6% from its all-time high of $73.43, which it reached on January 19, 2025.

While some investors may be optimistic about the future of cryptocurrencies, others are cautioning against getting too caught up in the hype. With nearly $550 million worth of longs liquidated on August 22, there are signs that the market is already showing weakness. TRUMP's price has also fallen from $3.33 to $2.49 in the last day.