After months of weakness and few market catalysts, U.S. President Donald Trump gave the crypto market a major boost.
The president announced plans to purchase a sizable amount of Bitcoin and other crypto assets. That announcement lifted investor confidence and encouraged buyers to return.
Official Trump [$TRUMP] became a major beneficiary as memecoins rebounded. Among leading memecoins, $TRUMP recorded the strongest gains during the broader market recovery.
$TRUMP reclaimed $1.40 and surged to $1.80 before retracing. At press time, Official Trump [$TRUMP] traded near $1.64, up 17.6% over 24 hours. Trading Volume rose 325% to $397 million, while Market Cap reclaimed $400 million.
Together, these increases reflected stronger participation and fresh capital entering the market.
Are $TRUMP buyers returning?
Encouraged by the announcement, traders returned to build new positions. On the Spot market, $TRUMP appeared to reach seller exhaustion.
Even the rebound failed to trigger substantial profit-taking.
According to CoinGlass, Spot Netflow turned negative after its earlier spike, falling to -$1.6 million at press time.
Negative Spot Netflow suggested withdrawals exceeded deposits, reducing the tokens immediately available for sale. This could help $TRUMP retain its gains if buyer demand continues.
That demand also spilled into derivatives as traders chased the rally with new leveraged positions.
Derivatives Volume surged 1,155% to $703 million, while Open Interest climbed 44% to $117 million. This combination showed rising speculative activity and expanding leveraged exposure.
Meanwhile, the Long/Short Ratio climbed to 1.03 and remained above 1 across exchanges. The reading showed a slight long bias, rather than overwhelming bullish positioning.
Can $TRUMP sustain its rally?
$TRUMP memecoin previously rallied after Trump’s crypto statements or policy announcements. However, those gains were often short-lived and followed by sharp corrections.
That history leaves the current rally facing a familiar test: Can demand outlast the announcement?
For now, momentum remained positive. The MACD formed a bullish crossover and climbed to 0.005, reflecting strengthening buying pressure.
However, DMI readings painted a more measured picture.
The +DI rose to 40, while the ADX reached 16. The +DI favored buyers, but the ADX indicated that the broader trend remained weak.
If demand holds, $TRUMP could reclaim $1.80 and potentially move above $2. If its historical pattern returns, however, the rally could fade and expose $1.30.
Final Summary
- $TRUMP memecoin gained 17.6% after Donald Trump’s crypto announcement improved market sentiment.
- The MACD supported further gains, but the ADX showed that trend strength remained weak.