The Official Trump token is going through new volatility as Donald Trump doubles down on crypto, not too long ago internet hosting a personal dinner for the token’s greatest traders.
The token is buying and selling at $14.47 as of press time, down 1.9% during the last 24 hours, although it’s nonetheless up 53% previously month. Regardless of the current momentum, it’s presently 80% beneath its January excessive of $73.43.
On Could 22, Reuters reported that Trump welcomed main TRUMP token holders to a black-tie occasion at his golf membership in Sterling, Virginia. 220 traders attended the unique dinner. These attendees had been the highest holders of the TRUMP memecoin, as decided by a leaderboard primarily based on their holdings from April 23 to Could 12, 2025.
In complete, attendees contributed $148 million to the memecoin to safe their seats. The highest 25 wallets alone spent about $111 million mixed. Exterior the venue, over 100 protesters lined the streets with indicators studying “America is just not on the market” and “Cease crypto corruption.”
Inside, friends attended a VIP reception. The highest 4 traders obtained customized Trump Tourbillon watches, mentioned to be value $100,000 every. The most important spender was billionaire Justin Solar, whose pockets held $18.5 million in TRUMP.
Solar, now an adviser to Trump-linked World Liberty Monetary, which has raised about $500 million, shared movies of his ballroom entrance and a previous go to to the White Home Govt Workplace Constructing. The Securities and Change Fee, which paused its fraud case towards Solar in February, is but to remark.
In a speech filmed by one of many friends, Trump promised to convey crypto innovation again to the U.S. and accused the Biden administration of concentrating on the trade. Experiences say greater than half the 220 friends had been primarily based abroad, elevating concerns from Democrats about international affect and prompting requires the complete visitor record.
Following the occasion, market exercise has spiked. Each day quantity jumped 24.5% to $2.63 billion, whereas derivatives quantity rose 17.3% to $3.9 billion, in response to Coinglass data. Open curiosity rose to $760.6 million, indicating a rise in leveraged positions on the token.
On the technical aspect, TRUMP continues to be above vital shifting averages for durations starting from 10 to 100 days, depicting a usually bullish construction. A bullish MACD crossover suggests ongoing shopping for curiosity, whereas the relative power index at 58.66 signifies impartial momentum with upside potential.
However momentum indicators are nonetheless combined, suggesting warning amongst merchants. Resistance lies between $15.10 and $15.50. A breakout above that zone may gas a rally towards $17.30, whereas failure to carry above $13.20 and $12.60 might set off a drop again to $11.30 help.
TRUMP’s subsequent large transfer will most likely rely on whether or not the post-dinner hype turns right into a sustained breakout or crumbles beneath the stress of political scrutiny and profit-taking.
