TRUMP Memecoin Skyrockets 80% After Trump's Cryptocurrency Summit

The TRUMP memecoin has experienced a significant surge in value over the past week, rising by an impressive 80%. This makes it the third-biggest gainer in the market. The coin's price jumped 11% in the last 24 hours to levels not seen since four months ago.

TRUMP is also up 61% in a month and 24% in the last three months, but down 47% year-to-date. Its market capitalization has been volatile, plummeting from $9 billion at its peak to $635 million currently, reflecting a drawdown of 93%. The coin's fully diluted valuation is estimated at $75 billion.

The TRUMP memecoin was launched in January 2025 and has been affected by various market fluctuations. It serves as a symbolic expression of support for the ideals represented by the 'TRUMP' symbol, according to its official website. The website also denies any link to any political campaign or government agency.

The sharp rebound across markets this week was fueled by a combination of macroeconomic and cryptocurrency-specific catalysts. President Donald Trump's hosting of a White House cryptocurrency summit in the presence of top executives helped to galvanize interest in the TRUMP memecoin. The event saw Trump reaffirm his commitment to preserve U.S. leadership in Bitcoin (BTC) and other cryptocurrencies.