Trump Comments Spark 5.57% Price Swing in TRUMP Memecoin
The TRUMP memecoin has experienced significant volatility following recent comments from Donald Trump. In an interview, Trump clarified that he does not run the coin, stating 'I don't run it. You know what I run? I run this country,' while acknowledging its success.
Trump's comments sparked polarized reactions on social media, with some accounts labeling TRUMP a 'scam coin' and warning followers against investing, citing Trump's denial of running the coin. Others described TRUMP as a 'prime setup' for speculative trading.
The mix of de-risking and renewed attention has led to choppy intraday price action, resulting in a 5.57 percentage-point move. A wallet linked to the Official Trump Meme Team moved 11.01 million SOL (about $26.65 million) ahead of a TRUMP token unlock on September 18, which will release 28.7 million TRUMP, roughly 2.9% of the total supply.
Large unlocks and team-linked transfers create an overhang in traders' minds, leading to selling into strength or fading rallies. Visible whale activity can also trigger momentum entries and exits.