Trump’s Memecoin Endorsement

Trump’s memecoin endorsement only led to a modest 10% gain, signaling waning market enthusiasm.
The memecoin frenzy of 2021 feels distant as market sentiment grows cautious and volumes stay low.

In a landscape once ruled by hype and hashtags, even a presidential endorsement no longer guarantees fireworks.

U.S. President Donald Trump’s backing of his memecoin Official Trump [TRUMP] barely moved the needle — delivering a modest 10% gain that paled in comparison to the explosive rallies of 2021.

The subdued reaction highlights a deeper problem in the market, where enthusiasm appears to be drying up, and trading volumes remain stubbornly thin.