Trump Token's 85% Weekly Surge Defies Democrats' Call for Impeachment, Massive Unlocks

U.S. Peesident Donald Trump's memecoin has led to calls for impeachment and inflated its circulating supply in major unlocks. It's still defying gravity.

• Trump memecoin surged about 15% in a day amid backlash over a private dinner with top token holders.
• Sen. Jon Ossoff cited the dinner as evidence of “impeachable” behavior.
• Massive token unlocks have inflated its circulating supply, yet the token has kept on rising.

Trump Token's Value Skyrockets 85% in a Week Amid Impeachment Calls and Unlocking Frenzy

The value of the meme cryptocurrency associated with U.S. President Donald Trump has defied odds by experiencing an impressive 85% surge in just one week, despite facing challenges from Democratic officials calling for impeachment and significant increases in its circulating supply due to unlocking events.

In response to a controversial private dinner involving top token holders, Trump memecoin appreciated around 15% within hours, triggering Senator Jon Ossoff to suggest possible grounds for impeachment based on these actions.

Although substantial token unlocks have contributed to an expansion of its circulating supply, Trump Token continues its remarkable ascent.

Despite facing scrutiny from Democratic lawmakers who question the president's ties to the cryptocurrency after an exclusive dinner was announced for top holders on May 22, the Trump Token has seen a remarkable spike of approximately 16% in value over the last day. This surge follows a period where its value has risen by an astonishing 85% within the past seven days.

Even though a massive unlock worth $320 million occurred earlier this month, substantially increasing the token's circulation, another significant unlock is anticipated soon, representing about 25.1% of the current circulating supply valued at nearly $780 million.