Donald Trump just made the memecoin $TRUMP soar high with just one post on Truth Social. After months of sluggish activity, this token suddenly jumped 13% in just one hour, all thanks to Trump's unexpected endorsement.

His post read: “I LOVE $TRUMP — SO AMAZING!!! The greatest of them all!!!!!!!!!!!!!!!!!!” Just that was enough to drive traders wild. The price skyrocketed to $12.11, marking a 13% increase in one day. The market cap reached $2.42 billion, while trading volume surged by 195%, reaching an astonishing $830 million.

Previously, $TRUMP had been on a downward trend and there was virtually no movement. But with Trump's endorsement, buyers flocked in, driving the largest price surge in months. This is not the first time a memecoin has soared due to celebrity hype—Elon Musk has done it countless times with Dogecoin, and now Trump is doing the same with the token named after him.

The cryptocurrency market has been looking more vibrant lately—Bitcoin, Ethereum, and Solana are all up, and the total market cap rose slightly by 1%. So, what's the issue? Are we on the brink of a real bull run, or is this just a fleeting pumped-up memecoin bubble?