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Crypto: Trump’s Memecoin Surges 80%, Liquidating $30M In Short Positions

Cointribune·August 23, 2026·1 min read
Crypto: Trump’s Memecoin Surges 80%, Liquidating $30M In Short Positions

Donald Trump's memecoin surged over 80% in hours, crossing $3 before settling around $2.94. The rally liquidated more than $30 million in short positions within 24 hours. A rumor about a new crypto project from the Trump family fueled the momentum, catching short sellers off guard.

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