Trump and His Wife's Meme Coin Causes Shocking Price Surge

In recent days, the statements made by U.S. President Donald Trump have caused significant fluctuations in the cryptocurrency world. Especially the meme coins TRUMP and MELANIA saw a substantial rise following Trump's message that a trade agreement with China was close. The TRUMP coin finished the day with an increase of up to %30, while the MELANIA coin experienced an increase of over %45.

The official meme coin of Trump, TRUMP, surged from $6.20 on Monday to over $8, showcasing its strongest performance in recent months. During the day, the token dropped to $7.52 but reached a trading volume exceeding $1 billion by the end of the day. According to CoinMarketCap data, %13 of the transactions took place via Binance. The market cap of TRUMP exceeded $1.5 billion.

Trump's statements, "I have great respect for President Xi, we will walk away from the agreement," particularly reversed the market downturn caused by additional tariffs imposed on China in recent weeks. This situation managed to catch the attention of meme coin investors, leading to a price increase of %45 for MELANIA coin, which reached $0.15. The meme coin market, which had been experiencing low volume recently, gained renewed activity due to these developments.

On the other hand, a notable development following Trump's statements was the pardon of Binance CEO Changpeng Zhao. Trump argued that Zhao was "unfairly targeted by the Biden administration." Additionally, allegations had surfaced that the Trump-supported World Liberty Financial project had previously expressed interest in Binance.US shares, but these allegations were denied. The strong ties between Trump and Zhao further heightened investor interest in the TRUMP coin.

These developments highlight once again the impact of political factors on cryptocurrency prices, signaling important points that investors need to monitor closely. The fluctuations and upward movements in cryptocurrencies may present new opportunities for investors.