Roger Stone’s Endorsement Sparks Surge in TRUMP Meme Coin Amid Crypto Market Downturn

Roger Stone's Endorsement Sparks Surge in TRUMP Meme Coin Amid Crypto Market Downturn

Roger Stone, a prominent Republican strategist and former adviser to Donald Trump’s 2016 campaign, has boosted the meme coin TRUMP with his endorsement, leading to a 17% spike in its value despite a broader slump in the cryptocurrency sector. In contrast, another meme token called BODEN also saw a significant 9% increase in value against the U.S. dollar over the past day.

Roger Stone's Endorsement Sparks Surge in TRUMP Meme Coin Amid Crypto Market Downturn

On Wednesday, TRUMP surged by 17% against the dollar even as the general crypto market lost 2.3% of its value. Roger Stone’s support on Twitter, where he disclosed a partnership, fueled this surge.

“I wanted the same Memecoin that’s the largest holding in Donald Trump’s crypto wallet,” Stone stated on X. “That’s why I partnered with @MAGAMemecoin,” he continued.

In addition to his endorsement, Stone shared a link to the TRUMP meme coin’s website and included the hashtag “crypto.” Although Stone and Trump had disagreements over campaign strategies leading to their split in 2015, Stone has remained an informal advisor within Trump’s circle.

Meanwhile, the BODEN meme coin, named after Joe Biden, also experienced a 10% rise during the same timeframe. Notably, Trump holds $2.9 million in TRUMP meme coins, which were airdropped to him, totaling 579,290 tokens. Trump has not sold any of these tokens but has previously used ETH from his NFT sales.

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