NewsletterWhy President Trump’s TRUMP Coin Price Shot up 21% Today?
Highlights
- TRUMP Coin price surged 21% due to false utility claims linked to the hack.
- Speculation surrounding the TRUMP Coin was fueled by misinformation.
- Crypto news outlet confirmed the hack, retracting initial optimistic post.
The OFFICIAL TRUMP COIN price, a cryptocurrency linked to former U.S. President Donald Trump, rose significantly today, increasing by over 20%. The TRUMP coin hit a high of $11.57, sparking interest across the crypto community before correcting again. This sudden surge was connected to a report from Crypto news outlet db, which claimed their account was hacked, leading to speculation and a sharp rise in open interest. Let’s Uncover why.
TRUMP Coin Price Spikes 21%: What’s Behind the Surge?
Over the past 4 hours, the TRUMP Coin price has surged by 21%, sparking considerable attention in the crypto community. This sharp increase in value has come amidst rumors about its potential utility, which have now been discredited. Currently, the TRUMP Coin price is trading at $10.88, as other crypto market continues to trade sideways.
Crypto news outlet DB, which operates under the Twitter handle @tier10k, has reported that its account was compromised. The platform clarified that a post stating the TRUMP Coin would have real utility was a result of the hack. The post, which generated significant interest, was later deleted as part of efforts to rectify the situation.
[🌲] DB (@tier10k)’s account compromised, been used to send malicious fake news
— Tree News (@TreeNewsFeed) March 13, 2025
Earlier reports had sparked optimism about the coin’s future, with claims suggesting it could have tangible use cases. However, these statements have since been dismissed following the confirmation of the hack.
The security status of crypto-related accounts faces rising security concerns through this incident. The post first raised doubts before the news outlet verified its inaccuracies which originated from unauthorized sources.
Obviously hacked
Do not trust any messages for now
Unclear what happened, 2FA/Yubikey etc all enabled
Will post details when I get them
— db (@tier10k) March 13, 2025
At this stage, the fate of the TRUMP Coin remains uncertain as the community waits for further clarification. The spike in its price, although significant, may be linked to the misinformation that was widely shared before it was retracted. @tier10k mentioned a hack. Avoid trusting any current messages.
The TRUMP pre-scam news open interest around 700k was entirely attributed to HL, marking an unprecedented crime level.
The entire $TRUMP pre-scam news OI (700k~) came from HL
Unprecedented levels of crime pic.twitter.com/bWCgRo28Zb
— illiquidity providooooor (@skyquake_1) March 13, 2025
To sum up, TRUMP Coin’s 21% price spike, caused by a hacked post, underlines the risks in the crypto market. The situation remains unresolved as the community seeks further clarity.
Frequently Asked Questions (FAQs)
1. What caused TRUMP Coin's 21% price surge today?
2. Is TRUMP Coin a legitimate cryptocurrency?
3. What is the connection between the DB crypto outlet and TRUMP Coin?
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