Trump Endorses His Meme Coin as “Greatest of Them All,” TRUMP Token Surges

In Brief:

Donald Trump directly promoted the TRUMP token, calling it the “greatest of them all,” sending the price briefly above $12.25.
Ethics concerns rise as Trump-affiliated firms control 80% of the token, raising questions of conflict of interest.

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In a bold social media post, President Donald Trump endorsed the Solana-based TRUMP token, triggering a price spike to $12.25 before retreating to $11.67, up 7.7% on the day. Trump declared on TruthSocial:

“I LOVE $TRUMP—SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!”

Despite the short-term surge, the token remains down 84% from its all-time high of $73.40. Analysts say the market is now more cautious, treating the token as a short-term speculative asset.

Trump’s promotion has sparked constitutional and ethical scrutiny. Legal experts cite potential violations of the Emoluments Clause, conflicts of interest, and misuse of public office for personal financial gain. Trump's affiliated entities reportedly own 80% of the token supply, raising questions over foreign influence and regulatory fairness.

This follows recent revelations that World Liberty Financial, another Trump-linked DeFi venture, profited $390 million from token sales earlier this month.

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