Donald Trump provoked a sharp rise in his own cryptocurrency by 18% per day

Editor’s note: not investment advice!

Donald Trump has once again stirred up the crypto market: after Trump Media & Technology Group’s new application to launch an exchange-traded fund (ETF), one of the cryptocurrencies has soared by 18%, while Bitcoin BTC $112,635.87 Bitcoin 3.20% Market capitalization $2.24 trillion VOL. 24 hours $2.15 billion , Ethereum ETH $2,807.82 Bridged Ether (StarkGate) 5.42% Market capitalization $79.1 million VOL. 24 hours $2.29 billion , and Dogecoin DOGE $0.18 Binance-Peg Dogecoin 5.74% Market capitalization $0.47 billion VOL. 24 hours $0.23 billion have been left behind.

Investors paid attention to the news that Trump Media, which owns the Truth Social social platform, had filed documents with the U.S. Securities and Exchange Commission (SEC) to create an ETF. This information instantly spurred trading, especially among traders who associate cryptocurrencies with political events in the United States.

According to exchange data, the MAGA (TRUMP) token, inspired by Trump’s election slogan, showed the greatest growth. Its value jumped by 18% in just a few hours after the news broke. At the same time, the key markets for bitcoin, ethereum, and Dogecoin did not show any significant changes and remained relatively stable.

Experts note that applications to launch new ETFs in the United States always attract market attention, and in the case of Trump Media, they also add political color, stimulating speculation around thematic tokens. According to analysts, this dynamic may be repeated in the future in the event of new high-profile announcements from the company or Trump himself.

Further market behavior will depend on the SEC’s decisions and the overall political situation in the United States, especially in the run-up to the election, where digital assets are becoming increasingly important to investors and ordinary citizens.

The No Worries editorial team strongly advises readers not to invest their own funds in dubious crypto projects and little-known digital assets!