Trump-Linked Memecoins and Stocks Rocket as Crypto ETF Hype Fuels Speculative Frenzy
Trading floors and crypto exchanges erupt as assets tied to the former president—from meme tokens to SPACs—defy gravity. Analysts shrug: ’When the ETF tide rises, even the dodgiest boats float.’
Trump-related stocks and memecoins rally
The ETF announcement triggered a sharp uptick in Trump-related assets.
Google Finance data shows that shares of Trump Media jumped more than 5%, climbing to $23.20, its highest level since March.
At the same time, interest in the TRUMP memecoin spiked. The token, which is associated with President Donald Trump, climbed over 7% in the past 24 hours to nearly $9, based on CryptoSlate data.
Despite this rebound, the token remains down more than 88% from its January high of $71.
These developments underline the growing intersection between Trump’s media ventures, digital finance, and political influence.
While Trump remains the majority shareholder of TMTG, a company now valued at over $5 billion, the ownership structure of the TRUMP memecoin is less transparent.
The token’s website indicates that CIC Digital LLC and Fight Fight Fight LLC, two Trump-linked entities, control around 80% of the token supply. However, it remains unclear how much Trump personally benefits from the project.
