$TRUMP has rallied over 80% this week to $15.30 as trading volume surged and investors get hyped for a private dinner with U.S. President Donald Trump. Despite the criticism and political backlash (including calls for impeachment), the meme coin’s momentum shows no signs of slowing.
Controversial Dinner Invitation Causes Buying Frenzy
The Trump coin rally started after it was announced that the top 220 holders of $TRUMP would be invited to a private dinner with President Trump. The event on May 22 has gotten a lot of attention not just from crypto investors but also from political figures.
Democratic Senator Jon Ossoff called the dinner “selling access to the presidency” and an “impeachable offense” according to news sources. Senators Elizabeth Warren and Adam Schiff have also called for a federal ethics probe, wrote a letter to the U.S. Office of Government Ethics on April 25 demanding an investigation into whether Trump violated federal conduct guidelines by promoting the token.
Despite the political firestorm investors are still bullish. Within 24 hours of the dinner announcement $TRUMP trading volume hit over $1.7 billion according to CoinGecko. The meme coin is now the top performing token among meme assets with significant market capitalization beating out Dogecoin and Shiba Inu over the past week.
Price Action: $TRUMP Reverses Downtrend with Explosive Momentum
Following the dinner announcement, the Trump coin rally moved price above $15.30 after rebounding from a long downtrend since its February highs. Although as at the time of this writing, $TRUMP is down 8.1% to $14.11, coming down from its initial highs. Technicals show the coin has broken through major resistance. According to TradingView charts, the RSI is at 70.99 which is slightly cooled, still in the overbought zone but within the range that indicates bullish strength.
The Trump coin rally is still down 80% from its all time high of $73.43 reached shortly after Trump’s inauguration. But the recent momentum and consolidation could be a setup for another leg up. Analysts at Messari noted the meme coin’s high engagement and short term liquidity with on-chain metrics showing increased holder activity and wallet creation after the event announcement.
Market Context: Meme coins Diverge as $TRUMP Leads Pack
Consequently, the overall meme coin market is down 0.3% in the last 24 hours. Dogecoin ($DOGE) is flat despite periodic endorsements from Elon Musk and PEPE and FLOKI are up marginally. The divergence suggests $TRUMP’s price action is driven more by narrative than market trends.
According to crypto market aggregator Santiment, social media mentions of “$TRUMP coin” have increased 400% in the last week and sentiment is “net positive” despite regulatory concerns. Some experts have argued that, when you have a mix of political controversy, scarcity mechanisms, and influencer visibility, meme coins behave more like media events than financial instruments.
Pressure Looms, But Bulls Stay Bullish
A big concern for $TRUMP investors is the upcoming token unlock in less than 3 months. The previous unlock this month released $320 million worth of tokens into circulation. The next one will add 25.1% to the current supply and is estimated to be worth almost $780 million.
Unlocks usually bring selling pressure, but the last one had limited impact on price due to rising demand. On-chain analytics platform Lookonchain noted that whales continued to accumulate despite the dilution risks. “The TRUMP token unlock acted more like a liquidity event than a selling trigger,” their April 26 report said.
Price Prediction: $20 Next
If this Trump coin rally continues, the next target is a retest of the $20 mark. That’s 32% from current levels. CryptoQuant analysts say short-term technicals are set up for another leg higher if the dinner event keeps driving media attention and social volume.
However, other analysts are skeptical. We’re in a highly speculative environment. Traders must remember that meme coins can reverse sharply without notice. If $TRUMP holds above $14 for several days we could see a move to $20 before the unlock window opens.
Conclusion: Political Risk Meets Memecoin Mania
The Trump meme coin rally is on a wild ride with investor interest at an all-time high, driven by political drama, media exposure, and strategic incentives like the dinner event. With $1.7 billion in 24-hour volume and growing attention from retail and institutional traders, $TRUMP may not be done yet. But with a supply dilution and political risk on the horizon, the road ahead will be as crazy as the coin’s origin story.
FAQs
Is $TRUMP coin officially endorsed by Donald Trump?
While Donald Trump and his family have acknowledged $TRUMP promotions, there is no formal SEC-registered statement saying the token is part of his official campaign or business.
What’s the next big event for $TRUMP holders?
A private dinner on May 22 with President Trump for the top 220 $TRUMP holders.
How does $TRUMP compare to DOGE and SHIB?
$TRUMP outperformed both in the last week with 80% gain while DOGE and SHIB had much lower returns.
What are the risks to consider before buying $TRUMP?
Token unlocks, political risk, no formal regulatory clarity and extreme volatility.
Will $TRUMP hit $20 soon?
If this momentum continues and the broader market is stable, technicals say yes.
Glossary
Meme coin: A cryptocurrency based on internet memes or cultural references, often speculative and community driven.
Token Unlock: A scheduled event where new tokens are released into circulation, often causing price swings.
RSI (Relative Strength Index): A momentum indicator to measure overbought or oversold.
Liquidity Event: An event that increases trading activity, often due to hype or news.
On-chain Analytics: Analysis of blockchain data to understand investor behavior and token movements.
Sources
Disclaimer: This is not investment advice. ‘Cryptocurrency investments are highly risky due to volatility and lack of regulation. Do your own research and consult a financial advisor before investing.
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