$TRUMP Coin Prices: 'Pump And Dump' Allegations Erupt After Trump’s Endorsement
 What is $TRUMP Coin? Who Created, And How to Buy |
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| President Trump sparked controversy by promoting his meme coin, $TRUMP, on Truth Social, calling it "the greatest cryptocurrency." |
President Donald Trump has once again stirred controversy, this time in the crypto space. On Sunday, the 47th President took to his social media platform, Truth Social, to champion his meme coin, $TRUMP, calling it "the greatest cryptocurrency" and adding, "I LOVE $TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!"
The endorsement immediately sent the price of $TRUMP soaring from $10.99 to $12.24, triggering heated reactions across social media. Critics on platform X were quick to accuse Trump of orchestrating a classic “pump and dump” maneuver, where the value of an asset is artificially inflated to sell at a higher price before it inevitably crashes. "Because as we all know, pump and dump rhymes with Trump," one user quipped, reflecting the widespread skepticism.
Conflict of Interest?
The coin is hosted on the Solana blockchain, with one billion $TRUMP tokens minted at launch. Notably, 800 million of these tokens are controlled by two companies tied to Trump, raising questions about a potential conflict of interest. The remaining 200 million tokens were sold to the public during an initial coin offering (ICO) on January 17, 2025.
Industry Reactions
Some financial watchdogs are sounding the alarm. "When a sitting or former president promotes a financial asset that personally benefits them, we have to seriously examine the implications," said Sarah Klein, a senior enforcement attorney at the SEC. "This could set off a dangerous trend where political figures influence volatile markets for personal enrichment."
Crypto experts echoed similar concerns. "This is unprecedented," noted James Alvarez, co-founder of crypto research firm ChainScope. "We’ve seen celebrities back meme coins before, but never at this level of political power. It blurs the line between governance and speculative financial activity."
He added, “For small retail investors, this kind of volatility mixed with political endorsement can create a risky environment, where hype clouds sound investment decisions.”
Melania Trump’s $MELANIA Coin
The situation has been further complicated by First Lady Melania Trump’s own entry into the meme coin market. Her token, $MELANIA, is currently valued at $0.684 and has largely flown under the radar until now. Critics argue that the First Family’s involvement in self-branded digital assets may set a precedent for future political figures blending governance with speculative financial products.
Market Reaction
Despite the online backlash, $TRUMP coin continues to attract attention from both Trump loyalists and opportunistic traders hoping to capitalize on its volatility.
"These coins might ride the wave of media buzz for a while," Alvarez added, "but when the dust settles, retail investors are usually left holding the bag."
Regulatory Scrutiny Ahead
Regulators have yet to announce an official investigation, but several insiders suggest that watchdogs are paying close attention. “The intersection of politics and crypto is now officially on the radar,” Klein warned.
As regulatory bodies, including the SEC and CFTC, monitor these developments, Trump’s crypto push could end up becoming a pivotal case in defining how political endorsements impact digital asset markets.
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