Donald Trump’s presidential memecoin was the best performance digital asset, according to Coingcko data, since the time of Midday East Asia, after Trump made a social publication of the truth that called him “the greatest of all” and “great.”
Market data show that in the minutes after Trump’s publication, its homonymous cryptocurrency went from around $ 10.93 to approximately $ 12.25, for an increase of 12%. After a brief sale of the sale, the $ Trump token is quoted at $ 11.91, or, in about 9%.
According to Coingcko, this makes it the best performance crypto of the Asian Trade Day. Ethena has increased by 8.9%, Bonk increased by 8%and Mantle has increased by 7%. Coindesk 20, a measure of the performance of larger digital assets, has increased around 2%.
It has been a wild trip for the $ Trump file since its debut in January, briefly rising to billions in market capitalization amid the backups of President Trump himself before crashing in 75% in the midst of a broader agitation of the market, and attracting a political reaction of the Democrats of the Chamber of Representatives with the aim of curbing the participation of officials in such coins of memes through such coins.
The Democrats of the House of Representatives, led by the representative Sam Liccardo, have introduced the law of Memes, Coindesk said previously, whose objective is to prohibit federal officials and their families benefiting from Memes currencies.
In a blog post, the representative Liccardo specifically called the $ Trump token, accusing the first family of exploiting the public through memes currencies, warning about internal trade and foreign influence through the Token, and emphasized the prohibition of Memes’s law would be widely extended to other financial assets, including the social values of truth.
The Bag and Securities Commission, on the other hand, has said that Memecoins, such as the Trump token, are not values, therefore, they are not subject to their supervision.
