The Official Trump token surged more than 50% over the past week. Thus, it became one of the strongest-performing major cryptocurrencies during the recent market recovery.
The asset climbed from a low of $1.49 to nearly $2.38, marking its largest rally since March. By comparison, Bitcoin gained roughly 8% during the same period, while Ethereum rose about 11%.
TRUMP crypto price surge | Source: TradingView
The rally followed a prolonged decline that pushed the token close to levels last seen in October 2025. The recovery also occurred during a period of heightened attention around projects associated with the broader Trump ecosystem.
On-chain data revealed some interesting characteristics of the recent TRUMP crypto price surge. One of those findings was that spot flows remained relatively subdued.
TRUMP crypto spot flows | Source: CoinGlass
Interestingly, a similar theme was observed among whales according to the large order book data. However, the derivatives market demonstrated more robust bullish positioning.
For example, Trump crypto futures volume surged to $1.22 billion in the last 24 hours (Saturday). This was the highest daily volume that the meme coin has achieved since 16 March.
The spike in derivative volumes also underscored another interesting observation. Open interest surged from roughly $85 million on 10 June to $151 million on 13 June.
TRUMP meme coin open interest | Source: CoinGlass
The spike in open interest signaled renewed bullish activity around the cryptocurrency. However, it also demonstrated a key observation that could reveal whether TRUMP crypto will maintain its momentum or revert to the downside.
Robust bullish positions with low or weak spot volumes often signal heavy speculation with limited upside. This means the meme coin may not sustain the rally without a strong demand foundation in the spot segment.
A pertinent question considering recent price action. The rally had to have involved some accumulation at recent lows. Moreover, weak whale inflows suggest that a group of buyers may be accumulating the cryptocurrency.
If so, the buyers could be investors with insider information, but it is worth noting that this is highly speculative. Nevertheless, recent developments suggest that something could be brewing.
For example, an unexpected catalyst may be just the trigger the market needs to revive bullish sentiment. That trigger may take the form of improved geopolitical conditions between Iran and the US.
US President Donald Trump’s latest posts on Truth Social suggest that the US and Iran might kick off the week with a deal. Moreover, POTUS also stated that Iran will reopen the Strait of Hormuz after the deal.
Source: The Kobeissi Letter
The Iran-US tensions, along with the closure of the Strait of Hormuz, have certainly had an impact on investor sentiment this year. Trump’s latest announcement suggests this new middle ground could set the pace for a shift in sentiment.
Although this is still within the realm of speculation, it could explain the recent spike in demand for the TRUMP meme coin. The geopolitical tensions may remain as per the latest developments.
The Trump meme coin’s latest price action may attract more investors seeking exposure to upside potential. However, limited spot activity and robust derivatives activity may point to a potentially limited rally.
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