Trump Promotes DeFi, Tron Sees Price Surge

Former President Donald Trump has promoted a new decentralized finance (DeFi) project on Truth Social, signaling his increasing alignment with the cryptocurrency community. Meanwhile, Tron (TRX) has seen a significant price surge, trading at its highest levels since May 2021, driven by strong market interest and increased trading volume. A survey by EY-Parthenon reveals that over 70% of crypto investors consider digital assets crucial for wealth-building, with growing use cases beyond trading, including payments. The new memecoin deployer on Tron, SunPump, has generated over $1.1 million in revenue within 11 days of its launch, highlighting the ongoing interest in memecoins despite skepticism about their long-term value. Additionally, politically themed cryptocurrencies like Super Trump Coin are gaining traction as the U.S. elections approach, offering potential for short-term gains but uncertain long-term prospects.