TRUMP Meme Coin Jumps 6% Amid Middle East Ceasefire Turmoil
The official Donald TRUMP meme coin (TRUMP) surged 6%, reaching a $1.8 billion market cap following the former president's attempted mediation between Israel and Iran. This rally occurred despite immediate ceasefire violations, with both nations resuming missile strikes within hours.
Traders interpreted the volatility as bullish sentiment toward Trump's diplomatic involvement. Trump publicly rebuked both countries on Truth Social, posting in all caps: "ISRAEL. DO NOT DROP THOSE BOMBS." This aligns with conservative media narratives positioning the TRUMP token as a real-time metric of presidential influence.