- TRUMP token surged from $20 to $70 with $14 billion market cap.
- Donald Trump promises a crypto advisory council, boosting TRUMP’s credibility.
- Experts warn political backing risks inflating prices and harming crypto’s decentralized appeal.
Elon Musk turned Dogecoin into a sensation during the 2021 bull market. The token surged to a $70 billion market cap after starting at $10 billion within a week. Now, Donald Trump’s TRUMP token is gaining similar momentum. Launched ahead of his potential second term, TRUMP skyrocketed from $20 to over $70 per token. With a market cap exceeding $14 billion, many wonder if this new coin will follow Dogecoin’s explosive growth or collapse under speculation.
TRUMP Token Gains Momentum Backed by Donald Trump’s Influence
Donald Trump introduced TRUMP token on Truth Social and X, sparking a massive trading frenzy. Trading volume hit $24 billion within days, and the price tripled. Trump’s company, CIC Digital LLC, owns 80% of the token supply, aiming to dominate the meme coin space. Trump also promised to establish a crypto advisory council through an executive order, bringing government-level backing to the project.
Experts, however, have voiced concerns. Larisa Yarovaya, a finance professor, warned that political endorsements often inflate asset prices beyond sustainable levels. Strong government backing may also harm the decentralized appeal of cryptocurrencies. This risk could leave investors exposed to financial losses if the hype fades.
Will TRUMP Token Replicate Dogecoin’s Success?
Dogecoin thrived on Elon Musk’s influence and community-driven enthusiasm. Similarly, Trump’s loyal following could drive TRUMP to new heights. Leading crypto firms have already contributed $10 million to Trump’s inauguration fund, showing strong support for his ventures.
However, challenges remain. TRUMP’s centralized supply and Trump family business ties raise questions about transparency. The meme coin’s website includes a disclaimer stating it functions as a symbolic expression rather than an investment opportunity, creating doubts about long-term sustainability.
The rise of TRUMP highlights the powerful mix of politics and cryptocurrency. Whether this token mirrors Dogecoin’s success or fades away depends on public support, regulation, and Trump’s continued influence. One thing remains clear: $TRUMP has brought a new wave of excitement—and risk—to the crypto world.
