Official Trump Meme Coin is Back, Will MELANIA Crypto Join Revenge Rally?
The President Donald Trump meme coin is back from the dead and up 46% in a week and sitting at a $1.67 Bn market cap, per CoinGecko.
The Solana-based token, left for dead during the last market dump and ostensible Trump rugpull, is ripping higher on what looks like a classic relief rally. With trade war tensions cooling and risk appetite returning, we might FINALLY see an altcoin rally. Or will we?
The Trump Meme Coin Bounces Back from Its October Low
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The TRUMP token hit an all-time low near $1Bn market cap on October 10, following a major selloff triggered by Trump’s tariff threats against China. That same week saw over $19 Bn in crypto liquidations, marking one of the largest washouts in the sector’s history.
Since then, TRUMP has rallied 55%, while 24-hour trading volume has spiked from $300 Mn to $2.4 Bn, signaling that speculative traders are back. Melania meme token is up 37.6%, but is down 1.2% over the last day.
“As TRUMP remains central to the president’s broader ‘PolitiFi’ narrative, it’s natural for the token to catch a bid, especially after a period of sustained pressure,” said Jasper De Maere, desk strategist at Wintermute.
The rally has coincided with recent geopolitical developments like the US and China agreeing on a preliminary trade framework and Washington reducing tariffs with South Korea, both of which have boosted investor sentiment in risk assets.
Speculation Reignites as Trump Media and Allies Fan the Fire
The surge in TRUMP comes as Trump Media preps a blockchain prediction market and World Liberty Financial rolls out its airdrop, fueling the PolitiFi hype. Trump has even promoted the coin as a “real-time approval tracker,” and lately the chart looks just that.
Conversely, Glassnode data shows short-term holders of TRUMP supply have only slightly increased, suggesting a fragile base that could unwind quickly if macro sentiment turns.
Meanwhile, opposition from Washington is mounting. Senators Elizabeth Warren and Bernie Sanders sent a letter to regulators this week warning that Trump’s proposal to allow 401(k) crypto investments could “jeopardize Americans’ retirement savings,” calling it a “dangerous conflict of interest.”
Trump Memecoin: The Takeaway
The Trump coin rally has become a mirror of the political circus that spawned it. Policy rumors, campaign clips, and televised outbursts now echo in its chart.
For regulators, this is a nightmare scenario, but for traders, this is volatility backed by politics, specifically, the US president. LOL.
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Key Takeaways
- The President Donald Trump meme coin is back from the dead and up 46% in a week and sitting at a $1.67 Bn market cap./key_takeaway]
Trump’s coin rally has become a mirror of the political circus that spawned it.
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