Here’s why Official Trump coin is up 20% today

The Official Trump coin (TRUMP) surged as much as 20% on Wednesday, October 29.

As optimism over a potential new U.S.-China trade deal lifted sentiment across risk assets and a notable uptick in whale accumulation over the past week has also boosted the momentum, as large investors have upped their TRUMP holdings from 3.97 million to 4.88 million tokens in recent weeks. 

What’s more, World Liberty Financial, a decentralized finance protocol and cryptocurrency company founded by the president’s family, announced earlier today that it would distribute 8.4 million WLFI to early adopters of the USD1 stablecoin integrated with the Enso blockchain, adding another layer of connectivity to the TRUMP ecosystem.

At the time of writing, the TRUMP token, officially classified as such, was trading at $8.41, up 17% on the day and 44% over the week.

Trump cryptos outpace the market

The rally comes even as the broader crypto market has slipped 1.85% to $3.81 trillion, and the corresponding 18% rise in daily exchange volumes, which sat at $2.48 billion at press time, suggests renewed speculative appetite for the meme token.

Driven by the positive trade war developments, the MELANIA token is also up today, having gained nearly 3%. 

WLFI is also among the top three daily gainers, jumping more than 5%, lagging behind only Pi (PI) and TRUMP, which rose 12% and 20%, respectively.

The numbers and the aforementioned industry moves underscore the president’s deepening exposure to digital assets, which picked up the pace significantly in the third quarter of 2025, rising 36.6% in value after a not-so-spectacular start to the year.

Indeed, between July 1 and September 30, the value of Trump’s crypto wallet went from $2.27 million to $3.10 million, a difference of roughly $823,000, according to Finbold’s Q3 2025 Cryptocurrency Market Report. 

TRUMP’s technical outlook likewise bullish 

Far from relying on hype alone, the token has seen a positive change in its technical picture, reclaiming multiple key exponential moving averages (EMA), including the 50-day EMA of $7.17 and the 100-day EMA of $8.05.

Meanwhile, the Supertrend indicator flipped bullish around $5.84, signaling improving momentum. 

Short-term support now sits at $7.00–$7.20, while the next resistance lies near the 200-day EMA at $9.82, a breakout above which could target the $12.00 mark.

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