Official Trump (TRUMP) gained about 57% in August, outperforming Dogecoin (DOGE), up 24%, and Shiba Inu (SHIB), up 7%, as the broader cryptocurrency market recovered. Most of TRUMP's advance occurred within seven days, although it also fell more than 11% over a reported 24-hour period after its weekly rally. Open interest, the value of outstanding derivatives contracts, rose 57% in one week to $188.72 million, according to Coinglass. Despite the rebound, TRUMP remains 97% below its all-time high after reaching a peak market capitalization of $9 billion and a fully diluted valuation of $75 billion. Its market capitalization later fell to $552 million, while nearly 1 million people lost a combined $3.8 billion through the end of June. The total memecoin market capitalization increased 31% in August, from $23.38 billion to $30.64 billion. Trump earned nearly $636 million in royalties and licensing fees tied to "Celebration Coins" in the previous year, according to his 2025 financial disclosure. Senators Elizabeth Warren and Richard Blumenthal asked the SEC to investigate TRUMP as a potential "illegal scam."