President Trump’s meme coin TRUMP has seen a remarkable increase of 46% over the past week, hitting a market valuation of 1.67 billion USD as the market reacts positively to easing trade tensions.
Analyst Jasper De Maere from Wintermute attributes this surge to a ‘relief rally’, indicating a shift in market sentiment due to recent announcements around a prediction market and an airdrop.
TRUMP’s trading volume has skyrocketed, reaching nearly 2.4 billion USD recently, far exceeding the average of 200 to 300 million USD, highlighting significant renewed interest from investors.
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