Markets, Trump, Donald Trump, Memecoin Donald Trump’s Truth Social put up sends the presidential meme coin flying. 

Donald Trump’s presidential memecoin was the most effective performing digital asset, according to CoinGecko data, as of noon East Asia time, after Trump made a Truth Social put up calling it “the greatest of them all” and “cool.”

Market data exhibits that within the minutes after Trump made the put up, his eponymous cryptocurrency went from round $10.93 to roughly $12.25, for a 12% rise. After a quick sell-off, the $TRUMP token is buying and selling at $11.91, or, up round 9%.

According to CoinGecko, this makes it the most effective performing crypto of the Asia buying and selling day. Ethena is up 8.9%, Bonk is up 8%, and Mantle is up 7% .The CoinDesk 20, a measure of the efficiency of the biggest digital belongings, is up round 2%.

It’s been a wild trip for the $TRUMP token since its debut in January, hovering briefly to billions in market cap amid endorsements by President Trump himself before crashing 75% amidst broader market turmoil, and drawing political backlash from House Democrats aiming to curb officers’ involvement in such meme cash by proposed laws.

House Democrats, led by Rep. Sam Liccardo, have introduced the MEME Act, CoinDesk previously reported, which goals to ban federal officers and their households from profiting off meme cash.

In a blog post, Rep. Liccardo particularly known as out the $TRUMP token, accusing the First Family of exploiting the general public by meme cash, warning of insider buying and selling and international affect through the token, and emphasised the prohibition from the MEME Act would prolong broadly to different monetary belongings together with securities like Truth Social inventory.

The Securities and Exchange Commission, for its half, has said that memecoins – just like the $TRUMP token – will not be securities thus not topic to its oversight.

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