Social media was set ablaze on Wednesday after U.S. President Donald Trump shared a meme featuring the iconic frog PEPE on his platform, Truth Social. The post immediately triggered speculation of an unofficial endorsement of the meme coin, leading to a sharp spike in PEPE’s price and trading activity. Within hours, PEPE surged 7%, pushing its daily trading volume up by 37% to a staggering $1.63 billion. While it’s unclear whether Trump’s post was a direct nod to the cryptocurrency, market sentiment responded with overwhelming enthusiasm.
Meme Coin Mania Fueled by Trump and Market Whales
President Trump is no stranger to meme coins. Earlier this year, he launched his own token, the Trump Official (TRUMP) coin, and even hosted a gala dinner for its holders. This background has only intensified speculation that his recent post could signify a strategic move to support PEPE. On the trading side, PEPE’s market cap has now soared past $6 billion, and data from Coinglass shows open interest in PEPE futures rising 11% to $667 million.
Adding to the bullish sentiment, whale activity around PEPE has increased. One notable trader, James Wynn, attempted a leveraged 10x long position on PEPE last week, although he ultimately exited the position with minimal gains. Meanwhile, blockchain trackers spotted a massive transfer of over 2 trillion PEPE tokens from Bybit to an unknown wallet, suggesting that large investors are still actively accumulating the meme coin.
Also Read: PEPE Coin Poised for Breakout as Golden Cross, Whale Activity Signal $0.000027 Surge
Will the Rally Continue? Analysts Remain Divided
With PEPE retesting a key resistance level at $0.000016 after a 60% monthly surge, traders are watching closely to see whether the rally has legs or is simply a short-term pump. Influencers like Evan Luthra have chimed in, hinting that Trump’s post could be either a prelude to a larger move or just a coincidental glitch in the meme coin matrix.
WHAAATT!!!🤯
— Evan Luthra (@EvanLuthra) May 29, 2025
TRUMP JUST POSTED A PICTURE WITH $PEPE ON TRUTH SOCIALS!
WHAT'S COOKING?👀 pic.twitter.com/yzdVw2zDEr
Regardless, PEPE’s recent momentum, combined with heightened trading volumes and whale interest, has once again placed the frog-themed meme coin squarely in the crypto spotlight.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
