- Trump’s memecoin surged 85% this week, even as impeachment talks heat up and massive token unlocks inflate its supply.
- Democrats allege selling presidential access, citing a private dinner event for top TRUMP token holders as a potential ethics violation.
- Despite the rally, TRUMP token remains down 77% from its all-time high, with another major supply unlock looming in the next three months.
TRUMP, the memecoin tied to U.S. President Donald Trump, is doing what most didn’t expect — it’s soaring.
Even with Democrats calling for impeachment and massive token unlocks inflating its supply, the token is still pushing higher. Pretty wild, honestly.
A Surge Amid Political Firestorms
In the past 24 hours, TRUMP has jumped about 16%, continuing a hot streak that’s seen it climb 85% over the last week.
And this isn’t happening in a vacuum—Democratic lawmakers are raising serious alarms.
At a town hall on Friday, Senator Jon Ossoff (D-Ga.) slammed Trump’s involvement with the memecoin, pointing to a private dinner event for TRUMP holders as clear evidence of selling access to the presidency.
“When the sitting president of the United States is selling access for what are effectively payments directly to him, there’s no question that that rises to the level of an impeachable offense,” Ossoff said.
On top of that, Senators Adam Schiff and Elizabeth Warren sent a letter to the U.S. Office of Government Ethics, asking for an investigation into whether federal ethics rules were broken.
The May 22 dinner event — where the top 220 TRUMP holders get to meet the President — is at the heart of the controversy.
Massive Unlocks? No Problem… Yet
Despite all the noise, TRUMP’s price just won’t stay down.
The token had a $320 million unlock earlier this month, ballooning its circulating supply — usually the kind of thing that tanks a price fast. And it’s not over: another 25% unlock is scheduled within the next three months, worth almost $780 million based on current prices.
And still… it keeps climbing.
Of course, let’s not forget: TRUMP token is still down more than 77% from its all-time high above $70. That epic crash earlier this year wiped out about $2 billion in investor wealth.
Bottom Line
Despite massive unlocks, political controversy, and ethics investigations, the TRUMP token keeps pushing higher — a reminder that in the wild world of meme coins, fundamentals often take a backseat to pure hype and headline energy.
