According to CoinDesk, Justin Sun, founder of TronDAO, spoke positively about $TRUMP memecoin following a dinner with Donald Trump, stating that memecoins have merit and dismissing ongoing criticism. Sun's endorsement highlights growing mainstream attention for politically-themed cryptocurrencies, which could boost $TRUMP trading volumes and influence related meme token trends. As per CoinDesk, the support from high-profile figures like Sun and Trump is likely to impact overall crypto market sentiment and drive volatility in the memecoin sector.

According to Santiment (@santimentfeed), Donald Trump is among the top trending topics in crypto markets due to frequent social media mentions of both President Donald Trump and Eric Trump discussing the modern financial system and cryptocurrency. This heightened attention is influencing trading sentiment, with traders closely monitoring Trump-related news as a potential catalyst for volatility and directional moves in major digital assets such as Bitcoin and Ethereum. The frequency of Trump discussions is cited as a driver of increased trading volume and short-term price action, making it a key signal for short-term trading strategies (source: Santiment, April 30, 2025).