Trump Coin ($TRUMP) Up 200% This Week on VIP Dinner Buzz
$TRUMP, a crypto coin related to Trump, has seen a rapid bounce as investors seek an exclusive invitation to meet with the US president...
Quick overview
- $TRUMP, a Trump-themed cryptocurrency, initially surged to $77 but faced a significant decline due to political scrutiny and market resistance.
- The coin recently rebounded sharply after announcing an exclusive dinner invitation with President Trump for its top holders, causing its price to spike from $9 to $16.
- Despite a slight pullback, $TRUMP's market cap reached $2.7 billion, making it the top-performing cryptocurrency in recent trading.
- The future of $TRUMP's price will depend on its ability to maintain community interest and utility following the upcoming event.
$TRUMP, a crypto coin related to Trump, has seen a rapid bounce as investors seek an exclusive invitation to meet with the US president at the White House.
Early Hype, Sharp Drop
The Trump-themed cryptocurrency, $TRUMP, initially surged following its mid-January debut—just before Donald Trump returned to the White House for a second term. The coin skyrocketed to a peak of $77 during the early hype phase. However, it quickly fell into a prolonged downtrend, slipping below key technical levels. On the daily chart, the 20-day Simple Moving Average (SMA) repeatedly acted as resistance, capping any attempts at recovery.
Political heat added to the pressure. Just days after the coin’s release, Senator Elizabeth Warren called for an investigation into Donald and Melania Trump’s digital asset holdings. She urged U.S. regulators and the Office of Government Ethics to probe the ethical and legal implications, contributing to bearish sentiment around the token.
Trump Coin Stabilization and Sudden Surge in April
After months of decline, $TRUMP finally found a floor above the $7 mark earlier this month. That stability set the stage for a sharp rebound, which came in spectacular fashion this week.
On Wednesday, $TRUMP spiked following news on the project’s official website that the top 220 holders of the coin would be invited to an exclusive dinner with President Trump. The formal event—black tie optional—is scheduled for May 22, and the top 25 wallets will also be granted access to a private reception. A VIP tour of the White House is expected the following day.
Fueled by this unique perk, $TRUMP soared from $9 to as high as $16 in just one day, before retreating slightly to close around $13. Even with the pullback, the coin surged more than 200% when the price was at the top, but is up approximately 80% week-to-date, outperforming both Bitcoin (up 10%) and Ripple’s XRP (up 8%).
$TRUMP Market Cap and Momentum Increases
With the latest spike, the circulating supply of $TRUMP now has a combined market value of $2.7 billion, according to data from CoinMarketCap. The meme coin was the top-performing asset on the platform over the past 24 hours, standing out as the most actively discussed and traded cryptocurrency.
Final Thoughts: While meme coins often lack fundamental backing, $TRUMP’s price action shows the power of political narrative and community-driven hype. Whether the recent surge holds—or fizzles out post-dinner—will depend on how much utility, sentiment, and novelty the project can maintain in the weeks ahead.
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