A Breakout on the Eve of Presidential Dinner
The OFFICIAL TRUMP (TRUMP) memecoin is witnessing a spectacular surge of 12.98% in 24 hours, reaching $14.5, with a market capitalization of $2.56 billion (rank #37).
This surge coincides with the approaching exclusive dinner hosted by Donald Trump on May 22, 2025, gathering the top 220 token holders. The trading volume skyrockets, registering $1.47 billion in 24 hours (+168.49%), indicating a buying frenzy fueled by speculations surrounding this event.
It’s worth noting that the dinner’s opening is scheduled for 7:00 PM US time. It will take place tonight on the night of the 22nd to the 23rd for French speakers.
Justin Sun, Key Figure Fueling the Surge
The main catalyst behind this momentum? The revelation on May 20, 2025, that Justin Sun, the TRON founder, holds a stake of $19 million in the TRUMP token.
This announcement surprised the market, boosting interest in the project. Sun, a controversial figure known for his bold marketing strategies, brings an intriguing geopolitical dimension: a Chinese entrepreneur financially supporting a crypto project launched by an American president with often anti-China stances.
Announced on April 24, 2025, the exclusive dinner at Trump’s private club has sparked debates. Reserved for the top 220 holders, with an estimated entry ticket between $1 and $1.5 million in tokens, the event is criticized for its elitist nature and ethical implications. Initially presented as a reward for loyal investors, this gathering is now at the heart of speculations about possible major announcements.
Timeline of the OFFICIAL TRUMP token
- January 2025 : Token launched at $75 after Trump’s inauguration.
- February-March 2025 : Plunge to $7.50, marking a -90% drop from its initial value.
- April 24, 2025 : Dinner announcement triggers a 50% surge.
- May 12, 2025 : Date and details of the dinner confirmed.
- May 20, 2025 : Justin Sun reveals his $19M stake.
- May 21, 2025 : Token gains 13% with a record volume.
Post-Dinner Perspectives : Is Buying Recommended ?
Analysts are divided on the future of the TRUMP token. Some predict a post-event correction, following the typical pattern of “buy the rumor, sell the news.” Others anticipate major announcements such as:
- Increased integration of the token into Trump’s ecosystem (political or commercial).
- Partnerships with key players in the crypto industry.
- Clarifications on cryptocurrency regulation under the Trump administration.
- Potential use of the token to finance political initiatives.
Justin Sun’s presence, known for his spectacular announcements, fuels anticipation.
Technically, as the event approaches, TRUMP has initiated a breakout from its accumulation zone. With a resistance at $14.9, according to the MRC, TRUMP has a next target between $17 and $18.5. Subsequently, the range between $20 and $29 could be conquered if the event leads to major news.
How to Buy the OFFICIAL TRUMP token on BitGet
Looking to ride the wave of the TRUMP token before the dinner? BitGet, an official partner of the listing since January 2025, offers a simple and secure solution:
- Registration : Create an account in 2 minutes and enjoy a $6200 USDT bonus.
- Deposit : Purchase USDT by credit card or deposit your cryptos.
- Buy : Trade on the TRUMP/USDT pair with some of the lowest fees.
BitGet offers optimal liquidity, real-time analysis tools, and cross-chain compatibility for smooth trading.
