Summary
- After U.S. President Trump's remarks about a 'US-China trade deal', presidential-related meme coins such as OfficialTrump(TRUMP) and MELANIA surged.
- TRUMP rose as much as 30% in one day to surpass 8 dollars, and trading volume exceeded 1 billion dollars.
- According to CoinMarketCap, TRUMP's market capitalization exceeded 1.5 billion dollars, and 13% of total trading occurred on Binance.
After U.S. President Trump’s remarks about a 'US-China trade deal', presidential-related meme coins surged.
On the 28th (local time), according to The Block, Trump's official meme coin OfficialTrump(TRUMP) rose as much as 30% in one day, surpassing 8 dollars. The 'MELANIA' meme coin, inspired by the First Lady, also jumped 45% and traded near 0.15 dollars.
The outlet said, "Earlier, after President Trump announced retaliatory tariffs on China, the crypto market experienced a sharp plunge," adding, "as tensions between the United States and China eased, related meme coins surged." Today President Trump said, "I have great respect for President Xi, and we will reach a deal."
Meanwhile, immediately after Trump's remarks, TRUMP's trading volume exceeded 1 billion dollars, and according to CoinMarketCap data, 13% of all trades occurred on Binance. TRUMP's market capitalization also topped 1.5 billion dollars.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
