Donald Trump’s president is the best performing digital asset, According to coingecko data.
Market data Showing that in minutes after Trump made the post, his eponymous cryptocurrency came from around $ 10.93 to approximately $ 12.25, for a 12% increase. After a short sale, the $ Trump token traded at $ 11.91, or, up to 9%.
According to Coingecko, it makes the crypto of the Asian trading day best. Ethena reached 8.9%, Bonk climbed 8%, and Mantle was up to 7%.The CoinDesk 20A performance measure of the largest digital assets, reached around 2%.
It has been a wild ride for the $ Trump token since its debut in January, which shines briefly with billions -billions of market cap amid President Trump’s endorsements Before crashing 75% in the middle of greater market disturbanceand drawing political backlash from House Democrats aimed at hindering officials’ involvement in such a coin meme by proposed law.
House Democrats, led by Rep. Sam Liccardo, Meme Act has been introducedCoinDesk Previously reportedaimed at banning federal officials and their families from reproducing coin memes.
In a blog postRep.
The Securities and Exchange Commission, for its part, has said that memecoins – Like the $ Trump token – are not security so it is not subject to its administration.
