The OFFICIAL TRUMP token (TRUMP) surges by 13% ahead of Donald Trump's exclusive dinner with top investors. Justin Sun's disclosure of holding $19 million in tokens fuels excitement. What surprises lie in store for this highly anticipated event on May 22, 2025?
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.
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.
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:
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.
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:
BitGet offers optimal liquidity, real-time analysis tools, and cross-chain compatibility for smooth trading.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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