The price of $TRUMP rose 13% in one hour after a post on the social network Truth.

Donald Trump just made the memecoin $TRUMP soar high with just one post on Truth Social. After months of sluggish activity, this token suddenly surged 13% in just one hour, all thanks to Trump's unexpected endorsement. His post read: "I LOVE $TRUMP — SO AMAZING!!! The greatest of them all!!!!!!!!!!!!!!!!!!" Just that was enough to drive traders wild. The price surged to $12.11, marking a 13% increase in a single day. The market capitalization reached $2.42 billion, while the trading volume skyrocketed by 195%, reaching an astonishing $830 million.

Previously, $TRUMP had been on a downward trend with hardly any movement. But with Trump's endorsement, buyers rushed in, driving the largest price surge in months. This isn't the first time a memecoin has skyrocketed due to celebrity hype—Elon Musk has done it countless times with Dogecoin, and now Trump is doing the same with the token named after him. The cryptocurrency market seems to be more vibrant lately—Bitcoin, Ethereum, and Solana are all up, and the total market capitalization has increased slightly by 1%. So, what’s the issue? Are we on the verge of a real bull run, or is this just a fleeting bubble inflated by memecoins?