TRUMP Coin Soars 60% in a Single Day: What’s Driving the Price Spike?

The TRUMP memecoin, linked to former U.S. President Donald Trump, has seen an explosive price surge of over 60% in a single day. This rally follows Trump’s announcement of an exclusive dinner for top $220 TRUMP coin holders, sparking excitement within the community. The coin has experienced a significant rebound after previously dropping 88%. Currently trading at $12.22, a strong rise of over 30% has been observed. analysts attribute this surge to expanding DeFi applications and increasing institutional investments in the crypto space.