TRUMP and MELANIA memecoins surge after president says US-China trade deal will happen
Quick Take President Trump’s official TRUMP memecoin rose by as much as 30% hours after the U.S. president said he expected to get a trade deal done with China. Most centralized exchange trading of TRUMP took place on Binance, according to CoinMarketCap. The MELANIA memecoin, inspired by First Lady Melania Trump, rose over 45%.
President Donald Trump's official memecoin had its best day in months, jumping by as much as 30% on Monday.
TRUMP rose above $8 after starting the day at around $6.20, according to The Block price data . The last time TRUMP saw a major upward move came in the spring during a period of volatility. On Monday, the memecoin was changing hands at $7.52 as of 3:42 p.m. ET.
For months, the memecoin had been trading between a range of roughly $8 and $10 before it dropped significantly earlier this month to about $5.40, after President Trump announced retaliatory tariffs on China. TRUMP's price increase on Monday came hours after the president said he expected to get a trade deal done with China.
"I have a lot of respect for President Xi, and we are going to come away with the deal," Trump said Monday morning.
Earlier this month, the entire crypto market tanked after the president announced retaliatory China tariffs.
On Monday, trading volume for the Solana-based Trump memecoin surpassed $1 billion, with Binance leading all other centralized exchanges with nearly 13% of TRUMP trading, according to CoinMarketCap . TRUMP has a market cap of over $1.5 billion.
The official MELANIA memecoin, inspired by First Lady Melania Trump, also rose on Monday, its price increasing over 45% to nearly $0.15.
TRUMP price page. Source: The Block
TRUMP's soaring price on Monday also comes days after President Trump pardoned former Binance CEO Changpeng Zhao. The president and Zhao's ties have become stronger over the year.
Before the pardon, The Wall Street Journal reported that the Trump-backed DeFi project World Liberty Financial had shown an interest in buying a stake in Binance.US . World Liberty refuted the claim. Then, about a month and a half later, the Abu Dhabi investment firm MGX announced it would use World Liberty's USD1 stablecoin to close a $2 billion deal with Binance.
Trump defended his pardon of Zhao, saying the former Binance CEO was "persecuted" by the Biden administration.
"He was recommended by a lot of people ... A lot of people say he wasn't guilty of anything," Trump said last week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Fed's Interest Rate Reduction: Striking a Balance Between Economic Expansion and Managing Inflation
- The Fed will cut rates by 25 bps at its October 28-29 meeting, targeting 3.75%-4.00%, marking its second 2025 reduction amid weakening labor markets. - Mortgage rates fell to 6.27% as of October 16, but analysts caution average rates remain above 6%, limiting refinancing incentives for most homeowners. - Crypto markets priced in the Fed's dovish pivot, with Bitcoin's open interest surging to $37.63 billion and $921M ETP inflows driven by easing expectations. - Global equity funds saw $11.03B inflows this
Traditional financial institutions are adopting blockchain technology as leading DeFi players indicate a new wave of mainstream acceptance
- Crypto market gains momentum as BlockDAG secures 20 exchange listings and raises $430M in presale, signaling institutional adoption potential. - Mantle (MNT) rebounds 7.33% near $1.71 with technical indicators suggesting a $1.74+ breakout, while Ondo (ONDO) consolidates ahead of potential $0.75+ surge. - Fed's 98.9% likely October rate cut and $11B equity inflows boost risk-on sentiment, with crypto benefiting from improved liquidity and macroeconomic easing. - Oracle and Securitize bridge DeFi-tradition
Bitcoin Updates: ZOOZ Acquires $10 Million Worth of Bitcoin in Response to Liquidity Issues, Highlights Strategic Strength
- ZOOZ Strategy Ltd. added $10M in Bitcoin (94 coins at $112,000/coin), raising its total holdings to 1,036 coins valued at $115M. - As first dual-listed Nasdaq-TASE firm, ZOOZ integrates Bitcoin as core treasury asset, offering NIS-denominated exposure to investors. - CEO Jordan Fried highlights Bitcoin's role as "resilient store of value," despite weak liquidity metrics (current ratio 0.77) and regulatory risks. - Related ZOOZ Power secured $180M private placement to expand capital, aligning with broader
Gold’s Surge Depends on Geopolitical Tensions Versus Hopes for Trade
- Spot gold rose to $3,980/oz on Oct 28, 2025, rebounding from prior losses amid shifting geopolitical risks and divergent analyst forecasts. - India's RBI boosted global demand by adding $31B to gold reserves in FY2026, citing strategic buffers against global uncertainty. - Banks remain split on 2026 gold prices: Citi cut its target to $3,800, while JPMorgan and Societe Generale forecast $4,753-$5,000. - Fed rate cut expectations and U.S.-China trade optimism pressured gold, though technical indicators hi
Trending news
MoreCrypto prices
More
