A brand new Donald Trump-themed cryptocurrency has immediately jumped 856% in worth in simply sooner or later. The token, additionally referred to as TRUMP, runs on the Base blockchain.
Its whole worth available in the market is round $595,800, and other people have traded about $385,000 value of it prior to now 24 hours. This large bounce has caught quite a lot of consideration, particularly as a result of there’s an enormous crypto occasion taking place tomorrow on the White Home.
The token is traded on Uniswap v2, a preferred platform for getting and promoting crypto. Proper now, it has about $90,000 in liquidity, which suggests there’s sufficient cash available in the market to maintain buying and selling going.
In the meantime, the token was consolidating at a low only a day in the past, starting from $0.0026 to $0.0094. However it began choosing up momentum yesterday. This morning, it went from a low of $0.00305 to a excessive of $0.0202 earlier than dropping to $0.01138. The token has recorded over 500,000 holders in simply two days.
Individuals assume this value bounce is linked to the White House Crypto Summit taking place tomorrow, March 7. President Donald Trump is about to talk on the occasion, which can even have high crypto firm CEOs and authorities officers.
The occasion is led by enterprise capitalist and White Home crypto czar, whereas Bo Hines is dealing with administration. The principle subjects shall be crypto rules, doable tax adjustments, and a dialogue on a nationwide Bitcoin fund.
In the meantime, there’s an enormous rumor going round that Trump would possibly announce zero capital gains tax on crypto gross sales. This implies individuals would not must pay taxes when promoting their crypto, making the U.S. a extra enticing place for crypto buyers. There’s no official affirmation but, however the concept has made lots of people excited.
Trump has been exhibiting increasingly more curiosity in crypto. He promised to chop rules and help stablecoins if re-elected. He has been fulfilling these guarantees since he took workplace.
With the summit simply hours away, the crypto world is ready to see what Trump will announce. If he actually does take away taxes on crypto gross sales, it may change the complete business.
Additionally Learn: Exclusive Guest List of Crypto Summit 2025 at The White House
