TRUMP Meme Coin Up 7% as Justin Sun Announces Major Investment

The TRUMP meme coin has seen a sharp rise in price lately. The price climbed after Justin Sun, the TRON blockchain creator, revealed plans to make an investment. His $100 million commitment to TRUMP tokens caught the eye of many traders, reigniting excitement and pushing up trading volumes in a market that tends to move fast when big names get involved.

Justin Sun’s Investment Boosts TRUMP Coin

Justin Sun’s announcement, made through an official post on X, declared a firm intention to acquire $100 million worth of TRUMP tokens. While the timing and specific mechanics of the purchase remain undisclosed, the pledge alone has been enough to trigger an upward movement in TRUMP’s price, which climbed roughly 7% within 24 hours, reaching about $9.20 per token.

Trading volumes have also surged by nearly 200%, indicating heightened investor interest and speculation. This is particularly meaningful given TRUMP’s earlier volatility since its launch earlier this year. After an initial wave of enthusiasm, the meme coin struggled with price consistency, even facing concerns over large token transfers that caused unease among holders.

Sun’s status as one of the largest holders adds weight to this development. Currently owning over 1.43 million TRUMP tokens valued at more than $13 million, his involvement signals a long-term commitment. His statement emphasizes collaboration across ecosystems, positioning TRUMP on TRON as a "currency of MAGA," and suggesting ambitions to merge political themes with blockchain communities.

How TRON Is Supporting the TRUMP Token?

A recent announcement aligns with new developments for TRUMP on the TRON network. The project has been integrated using LayerZero’s cross-chain protocol, opening the door for broader use across different blockchains. At the same time, TRON introduced trading support for USD1, a stablecoin from World Liberty Financial, available in pairs like TRX/USD1 and USDT/USD1.

This investment and development cycle fits into a larger pattern of Justin Sun’s involvement with Trump-backed crypto projects. Since late 2024, Sun has invested tens of millions in World Liberty Financial, a decentralized finance (DeFi) platform endorsed by Trump supporters. His advisory role in this project underscores his strategy of blending political influence with crypto innovation.

This reflects a wider trend in blockchain where developers lean on cultural or political storylines to build interest. That said, the method is risky because meme coins usually gain traction through buzz, not solid fundamentals.

Technical Outlook and Market Sentiment

From a technical perspective, TRUMP is currently trading with an RSI of 59.1, indicating neutral momentum with room for potential gains. The key resistance level to watch lies at approximately $10.07, which, if surpassed, could pave the way for further upward movement.

Nonetheless, a significant obstacle is approaching. On July 18, approximately $520 million worth of tokens will be unlocked. This sharp increase in circulating supply could generate selling pressure and potentially diminish the positive effects of Sun’s investment.

The critical question facing investors is whether this new investment will sufficiently offset the supply increase and prevent profit-taking from reversing recent gains. Market reaction to token unlocks often introduces volatility, and the balance between new demand and increased supply will likely determine TRUMP’s trajectory in the near term.

What’s Next For TRUMP Сoin?

Justin Sun’s commitment of $100 million has clearly sparked new energy in the TRUMP meme coin, bringing back investor excitement and fueling a robust rally. With his backing and TRON’s improvements to its blockchain and integrations, the token seems determined to find a place beyond its meme status.

However, the forthcoming token unlock and the unpredictable nature of meme coin markets may cause uncertainty. It remains to be seen if Sun’s support can sustain TRUMP’s momentum through the coming months.