The TRUMP Solana meme coin has surged 46% over the past week, reaching a market cap of $1.67 billion, as reported by Coinotag. This rally coincides with easing U.S. trade tensions following agreements with South Korea and a potential deal framework with China, reducing fears of increased tariffs. Trading volume for TRUMP soared to $2.4 billion in the last 24 hours, significantly higher than its usual $200-300 million range. Analysts suggest this is a relief rally, with the token rebounding from a low of nearly $1 billion on October 10. Jasper De Maere from Wintermute highlighted the token's performance as closely linked to the 'PolitiFi' narrative and political developments.