Trump ‘pumps’ own memecoin just as Bitcoin edges closer to $90k again

President Donald Trump himself caused his own memecoin ‘Trump’ to surge by 12% in a single day this weekend, just as Bitcoin is closing in on $90k thanks to a bullish prediction from Arthur Hayes. He claims Bitcoin will soon break its ATH.

Trump

Let’s go back to January 17, 2025. After the stock markets closed that Friday evening, the attention of all major media channels focuses on one thing, the planned inauguration of Donald Trump on Monday. The American president, who with decades of television experience knows exactly when to draw attention to himself, launches his own memecoin called ‘Trump’ that very night.

lmao @realDonaldTrump just shilled his memecoin on truth social

this shit is wild 😭$TRUMP pic.twitter.com/vgqurFn299

— Crypto.Verse (@The_Crypto_Vrs) March 23, 2025

It had since fallen sharply, from an ATH of around $70 during the launch weekend to around $11 this weekend.

Until the US President promoted his own memecoin with a post on ‘Truth Social’, his own media platform this weekend. That caused a jump of around 13% which has since faded away.

Hayes

Arthur Hayes, one of the original ‘crypto billionaires’ (some even call him the GOAT of crypto, or the Greatest Of All Time) and the notorious founder of the BitMEX platform, is making one correct Bitcoin prediction after another in 2024. He predicted the Bitcoin dip after the halving in April last year and also the enormous rise of the memecoin Dogwifhat this year. He also made quite a few positive short-term predictions in 2025.

My grammar was a bit off. What I mean is that the price is more likely to hi $110k than $76.5k next. If we hit $110k, then it’s yachtzee time and we ain’t looking back until $250k.

— Arthur Hayes (@CryptoHayes) March 24, 2025

This time Hayes was very positive. He is convinced that Bitcoin will first jump to $110k (which would mean a new record) before possibly dropping and testing the support line. In the slightly longer term, Hayes still sees a price of $250k as a possibility. More explanation will follow later this week, he promised.

His influence was clearly visible in the Bitcoin price, which promptly rose by 3% after his tweet went out.