Former US President Donald Trump has made a surprising U-turn on cryptocurrency, dubbing himself the "Crypto President" at a recent San Francisco fundraiser. This sudden endorsement has sent shockwaves through the crypto community, particularly affecting meme coins like TRUMP. In this article, we'll explore the impact of Trump's statement on TRUMP's price performance and whether it's wise to hold or sell.

TRUMP, a meme coin created in 2020, has historically been influenced by Trump's statements and news. The coin has gained popularity and offered significant profits in the past. Following Trump's recent endorsement, TRUMP's price surged 10% in 24 hours, currently trading at $12.96 with a market capitalization of $570 million. Despite this gain, the coin has lost 26% in value over the past week, down from its all-time high of $17.52.

Since its launch, TRUMP has seen a staggering 77,833% growth in value, indicating high demand. Trump's interest in cryptocurrency and his promotion of himself among crypto users may be driving this demand. In May, Trump's crypto holdings were revealed to be worth over $10 million in TRUMP coins, and he has vowed to support the future of digital assets.

So, should you hold or sell TRUMP? The coin's price chart shows a declining trend, which may be a minor correction or a continued downward spiral. Analyzing the TRUMP/USDT charts, the coin is still in the buying zone, but sellers are active. The moving averages and MACD levels indicate a selling zone, while the Relative Strength Index is neutral. This suggests the current trend may continue without reversal.

In conclusion, Trump's crypto endorsement has boosted TRUMP's price, but the coin's future performance is uncertain. While some indicators suggest a continued decline, others hint at a potential buying opportunity. As with any investment, it's essential to do your research and consider your risk tolerance before making a decision.