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The official TRUMP meme coin has shown a robust recovery after dropping to $32, with its price increasing over 20% to surpass $41. This surge coincided with developments related to new TRUMP ETF applications submitted to the U.S. SEC on Tuesday. Interestingly, Donald Trump’s comments on meme coin volatility triggered significant fluctuations in the Solana 
$172 meme coin.
TRUMP Price Target and Technical Analysis
Crypto analyst Ali Martinez noted that the TRUMP token successfully broke the falling wedge formation, indicating potential growth with a price target of $54. According to Martinez, “The TRUMP token continues to trend upwards.”
ETF Applications and Market Reaction
REX Financial and Osprey Funds have filed possible applications for a TRUMP ETF with the SEC, coinciding with the recent launch of the TRUMP meme coin. These applications have positively impacted the market, following the coin’s introduction three days ago.
Trump’s Comments and Market Volatility
In a press conference yesterday, Donald Trump remarked about the TRUMP meme coin launch, saying, “I don’t have much information beyond that I started it. I heard it was successful. I haven’t checked.” This statement led to a sudden 33% drop in the TRUMP coin’s value.
During this volatility, an investor purchased $5.09 million worth of TRUMP tokens at the market’s lowest point, quickly earning back $2.4 million. This transaction attracted attention due to the potential use of insider information.
Following Trump’s inauguration, Wall Street’s leading investors are anticipating that Trump’s cryptocurrency policies will create investment opportunities for major financial institutions. The developments surrounding the TRUMP meme coin indicate significant market movements, with investors closely monitoring the ETF applications and Trump’s statements.
