The TRUMP cryptocurrency has seen a sudden surge in value of 856% in just one day. This comes ahead of an upcoming cryptocurrency summit at the White House.
Sudden Rise of TRUMP Value
The TRUMP token, operating on the Base blockchain, rose by 856% in value in just one day, reaching a market value of approximately $595,800. In the past 24 hours, around $385,000 has been traded. The token trades on the Uniswap v2 platform and shows significant liquidity at around $90,000. Initially ranging from $0.0026 to $0.0094, the TRUMP token surged to $0.0202 before dropping to $0.01138. It has recorded over 500,000 holders in just two days.
White House Summit
Tomorrow, March 7, the White House will host a cryptocurrency summit, featuring a speech by President Donald Trump. The event will gather CEOs of major crypto companies and government officials to discuss topics like crypto regulations, potential tax changes, and the idea of a national Bitcoin fund.
Future of Cryptocurrency and Trump's Plans
There are rumors that Donald Trump might announce a cancellation of the capital gains tax on cryptocurrency sales, potentially making the U.S. more attractive for crypto investors. Trump has also pledged to reduce regulations and support stablecoins.
The crypto community eagerly awaits the upcoming summit and any potential announcements from President Trump that could impact the entire industry.
