The launch of Trump Coin ($TRUMP) significantly impacted market confidence and price volatility. Initially, it surged from $6 to $75 within 36 hours, peaking at a $15 billion market cap, boosting optimism in a crypto-friendly Trump administration. However, volatility soon followed, with prices dropping to $11.42 by March 2025, reflecting meme coin instability. Confidence waned as 80% insider-held tokens raised manipulation fears, and a flood of fake Trump-themed coins eroded trust. Social media hype drove short-term spikes, but experts warn of a potential liquidity drain as token unlocks loom. While it drew new users to crypto, the coin’s speculative nature and ties to Trump’s political influence heightened uncertainty, polarizing the industry and amplifying price swings.