Donald Trump’s token, named Super Trump (STRUMP), has been experiencing a surge in price by 250% this week.
In recent weeks, meme coins bearing the image of 2024 Republican candidate and former U.S. President Donald Trump have performed exceptionally well since the magnate declared his support for cryptocurrencies. Furthermore, the continued increase in Trump’s favorability rating sustains the demand for caricature coins of this nature. Prominent cryptocurrencies bearing the name of the magnate include Trump (STRUMP), MAGA (TRUMP), and MAGA (TRUMP). Investors have received substantial returns on their investments in these meme coins in recent weeks.
Recent data indicates that the price of STRUMP has decreased by 9.24% over the last twenty-four hours, while the meme coin’s trading volume has decreased by 32.49% to $14.25 million. Super Trump (STRUMP) is positioned 305th in trading volume, with a market capitalization of $26.5 million.
Notably, the cryptocurrency experienced a 252.53% increase over the previous week, rising from $0.004173 to $0.0149 as of the time of writing. Additionally, on May 29, STRUMP peaked at $0.02342, garnering the interest of the entirety of the digital asset sector. Additionally, CoinMarketCap data indicates that STRUMP has increased by 4399.04% since its all-time low of $0.0003417 on March 1.
Other meme coins with a Trump motif have declined over the past twenty-four hours, with MAGA (TRUMP) currently trading at $13.13 after falling 7.58%. The current trading volume of the meme cryptocurrency is $15 million, representing a decrease of 45.74%. Its market capitalization is valued at $578 million. MAGA (TRUMP) has increased by 46.90% over the previous week.
In contrast, the price of the TRUMP (TRUMP) token has dropped by 26.03% in the last twenty-four hours, compared to an increase of 615.35% over one month. As of the moment of writing, the meme coin is valued at $0.00005469, with a market capitalization of a negligible $2.63 million.
In conclusion, the price of the FreeTrump (TRUMP) meme coin increased by an astounding 8%, reaching a current value of $0.003633 with a market capitalization of $363 million. Even though the digital asset’s trading volume is only $43,606.75, FreeTrump has gained 145.63 percent in the past month.
The FreeTrump cryptocurrency was generated after Donald Trump’s indictment and impending incarceration. It was the first time a president of the United States was indicted in a case involving Trump, which caused a stir offshore. Notwithstanding this, 56% of voters support the billionaire, according to data from PolyMarket, whereas only 37% support the incumbent U.S. president, Joe Biden.
Furthermore, Trump expressed his support for cryptocurrencies through Truth Social, stating that he is “extremely optimistic and receptive to everything associated with cryptocurrency companies and this burgeoning new industry.”