The rally may be linked to optimism over the US government reopening and potential liquidity returning to markets.
While the wider crypto market remains in turmoil, all Trump-linked coins have surged today without any apparent cause. MELANIA has jumped over 54%, while both TRUMP and World Liberty Financial’s WLFI have gained more than 20%.
The overall crypto market has recovered cautiously after key negotiations to end the ongoing US government shutdown. However, the previously stagnant Trump coins experienced a massive rally today — unlike any other meme coin or speculative token.
Both TRUMP and MELANIA launched earlier this year during Donald Trump’s inauguration as US president. But both tokens later collapsed, losing nearly 100% of their peak value.
Most notably, both meme coins have shown clear signs of insider trading and market manipulation. Earlier on-chain data indicated that a single wallet controlled 89% of MELANIA’s supply.
Meanwhile, another Trump family-linked DeFi project, World Liberty Financial, recently made its WLFI token tradable. The altcoin’s price had been gradually declining but saw a sharp 25% rally today.
There is still no evident reason why Trump-affiliated tokens have skyrocketed. Neither the US president nor any of his affiliated crypto ventures have made announcements today.
Even though World Liberty Financial has enhanced WLFI’s utility over the past month with new ecosystem features, TRUMP and MELANIA have seen no meaningful developments recently.
Such an unpredictable pump across all Trump coins could suggest that insiders are heavily accumulating these tokens, anticipating a market-moving event.
However, leveraged traders are taking short positions, expecting prices to drop again after this temporary surge.
Both TRUMP and MELANIA show strong accumulation trends over the past 24 hours.
The only plausible catalyst for this sudden rally could be the anticipated reopening of the US government. As the country faced one of its longest shutdowns in history, Donald Trump recently struck an optimistic tone.
Now, with the government expected to reopen by Thursday, are Trump insiders anticipating a liquidity wave as treasury funds flow back into the market?
