The $TRUMP memecoin surged nearly 17% in value, reaching $8.11 USD, fueled by investor speculation around potential trade agreement announcements by former President Donald Trump.
The token recorded a 16.91% increase in the past 24 hours as of October 29, 2025. This propelled its market capitalization to $1.62 billion USD, with a daily trading volume of $2.32 billion USD. The trading volume stood at 433% above its 30-day average.
The dramatic price movement follows statements from Trump regarding an imminent trade deal between the United States and China. Similar gains were observed in other political-themed cryptocurrencies.
Despite this recent rally, the memecoin remains highly volatile. It has fallen 89.11% from its all-time high of $74.47 USD, recorded in January 2025.
Investor activity significantly increased, with daily transactions rising 20% to 150,000. The number of active holders also grew 15% to 250,000, indicating renewed speculative interest.
The $TRUMP token is positioned as a leader in the “PolitiFi” sector of memecoins, surpassing peers such as the $BODEN token, which holds a $500 million USD capitalization.
The asset’s movements show a positive correlation with the S&P 500 index and a negative correlation with the DXY (U.S. Dollar Index). This suggests it benefits from a weakening dollar in broader market trends.
Its value is driven largely by political narratives rather than intrinsic utility. This makes it vulnerable to dilution risks, with reports from Cointelegraph noting $4.8 million USD in inflows to replica tokens.
The absence of immediate regulatory restrictions, such as those proposed by legislator Ro Khanna, further amplified the recent momentum. However, an overbought signal on the Relative Strength Index (RSI) at 70.85 suggests caution.
Derivatives markets also reflect this bullish sentiment, with positive funding rates on perpetual contracts at 0.05% annually. Open interest in futures contracts has increased 30% to $500 million USD.