Several meme coins associated with Trump saw a significant surge on Friday after the U.S. President hinted at the possibility of revealing government files related to alien and extraterrestrial life.

At its peak, the market capitalization of the Official Trump (TRUMP) token reached nearly $900 million, confirming its positioning as the sixth-largest meme coin in the market.

TRUMP Price, Source: CoinGecko

Other meme tokens like Pepe Trump (PTRUMP) and Super Trump (STRUMP) also experienced modest increases, coinciding with the President’s statement directing the Secretary of War to start identifying and releasing information about extraterrestrial life.

This renewed interest in alien life was further sparked by a recent podcast where former President Barack Obama confirmed the existence of aliens but stated he had never encountered them personally. He added that aliens were not stored at the infamous Area 51 unless it’s part of a vast conspiracy.

Despite TRUMP’s notable increase, the broader cryptocurrency market, including Bitcoin, has also been showing slight upticks, which may have contributed to this revival.

The Future of TRUMP?

Market analysts suggest that TRUMP might still have room for growth, with some indicating potential price increases. However, caution is recommended due to the notorious volatility of such assets. The Relative Strength Index (RSI) indicates a potential reversal point, suggesting that while there may be opportunities for profit, investors should be careful.