Former US President Donald Trump's recent endorsement of digital assets has revitalized the memecoin sector, driving prices up by over 10% across the top 50 coins.

Trump's decision to accept cryptocurrency donations for his presidential campaign, announced from his Mar-a-Lago residence, underscores a significant shift in political fundraising tactics towards embracing innovative financial technologies.

Memecoins experienced notable gains with TRUMP (CRYPTO:TRUMP) soaring by 50%, TURBO (CRYPTO:TURBO) by 38%, and PONKE (CRYPTO:PONKE) by 12%.

These price surges reflect growing acceptance and speculation within the crypto community, buoyed by high-profile endorsements and the potential for broader adoption.