Trump’s TRUMP Memecoin Soars 85% Despite Impeachment Threats and Massive Token Unlocks
Crypto Investors Rally Behind Trump as Political Storm Intensifies
President Donald Trump’s TRUMP memecoin continues its meteoric rise, even as Democratic lawmakers call for his impeachment over alleged ethical violations tied to the token’s promotion.
In a stunning show of resilience, the TRUMP token climbed about 16% in the last 24 hours, defying political backlash and the pressure of massive token unlocks that have flooded the market.
The controversy erupted after it was revealed that Trump plans to host a private dinner for the top 220 TRUMP token holders on May 22 — a move that Senator Jon Ossoff (D-Ga.) called “an impeachable offense” during a town hall meeting in Georgia.
“When the sitting president is selling access for what are effectively payments directly to him, it clearly rises to the level of an impeachable offense,” Ossoff said, according to NBC News.
Democratic Lawmakers Push for Ethics Investigation
The calls for accountability are growing louder. Senators Adam Schiff (D-Calif.) and Elizabeth Warren (D-Mass.) formally petitioned the U.S. Office of Government Ethics on April 25, urging an investigation into whether President Trump violated federal ethics laws by offering privileged access in exchange for cryptocurrency investments.
Despite the legal scrutiny, TRUMP’s momentum has only accelerated. Following the announcement of the dinner event, the token soared over 70% and is now up 85% over the past week, based on market data.
TRUMP token holders need only about $420 worth of tokens to qualify for the dinner invite, adding fuel to public debate over accessibility, ethics, and influence.
TRUMP Token Defies Gravity Amid $320 Million Unlock
Even massive economic pressures have failed to slow TRUMP’s rise. Earlier this month, the token underwent a $320 million unlock, significantly inflating its circulating supply.
Adding to market anxiety, another unlock is scheduled within the next three months — expected to release an additional 25.1% of the current supply, a value estimated near $780 million.
Yet, despite these massive inflows, TRUMP remains resilient.
However, market analysts caution that the token is still down more than 77% from its all-time high of over $70, reached shortly after launch. The sharp correction led to an estimated $2 billion in investor losses, highlighting the extreme volatility of political meme-driven assets.
As the political and crypto worlds continue to collide, TRUMP’s memecoin becomes a powerful symbol of both defiance and controversy, setting the stage for even greater battles ahead.
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