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Official Trump Coin Price Surge 50% Amid Memecoin Dinner Buzz

Donald Trump’s upcoming dinner event fuels the demand for his memecoin, resulting in a Trump coin price rally. Know more.
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Official Trump Coin Price Surge 50% Amid Memecoin Dinner Buzz

Highlights

  • Official Trump (TRUMP) meme coin price surged 50% amid hype around the Trump dinner.
  • US President Donald Trump will host a dinner for the top 220 TRUMP holders on May 22.
  • The TRUMP coin price is rising amid high trading volume and investor demand.

The Official Trump coin price is moving up, surging nearly 50% amid the memecoin’s dinner buzz. Ever since Donald Trump launched his cryptocurrency, investors’ reactions around it have been quite hot and cold, with some anticipating higher highs, whereas others criticize its volatile performance. However, as the Trump event date gets near, bullish momentum is building. Let’s discuss.

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Why is the Trump Coin Price Soaring?

Trump memecoin gained immense attention from investors during launch, gaining a massive rally to its ATH of $75.35. However, once the hype faded, the trending meme coin struggled and crashed. Until days ago, the Trump coin price was on the lower side, even below the $10 mark. However, Donald Trump’s dinner invite fueled investors’ interest and led to an uptrend.

On May 5, Donald Trump announced the hosting of a TRUMP memecoin dinner for the top token holders. As there’s a limit to picking the top 220 holders, the investors are jumping on the buying opportunity, driving up its price.

As a result, it currently trades at $14.28 with a nearly 50% surge in the last 4 days and 80% over the month. The investors’ demand is still persistent as the Trump dinner is set for May 22. Besides, the broader crypto market recovery is aiding in the surge.

Today, Ethereum price surged above $2.3k and Bitcoin surpassed $104k for a brief moment, signaling a major uptrend.

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Trump Coin Trades Fuel Liquidity Demand and Price

CoinGlass derivative data reveals that the traders are bullish on the Trump meme coin price surge, as there are 2x long positions than short, especially on Binance and other popular crypto exchanges.

Its high trading volume of $2.36B and growing open interests hint at its high demand. As a result, the TRUMP memecoin team has moved 3.5M tokens to exchanges to support liquidity.

According to their official X post, they moved 3.5M TRUMP to exchanges at 1:30 am UTC to ensure the proper availability of the token for buying and selling. Notably, they have not sold any tokens. Instead, they have used their liquidity wallet holdings.

Another significant step taken is the relocking of recently unlocked tokens. This decision is made considering the ranking of the TRUMP holders before the dinner. Experts anticipate a significant uptrend for the token amid this memecoin dinner buzz.

If the trend remained the same, the Official TRUMP price prediction hints that it would hit $45 or higher.

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Frequently Asked Questions

Why is the Trump coin price rising rapidly?

The Trump coin price is rising due to investors' excitement around the Donald Trump memecoin dinner on May 22.

Who can attend Donald Trump’s crypto dinner?

Donald Trump is hosting a crypto dinner for his top 220 TRUMP coin holders, so only those 220 can attend.

Did the Trump team sell any tokens today?

No, the team has not sold any tokens. Instead, they moved $3.5M worth of TRUMP tokens to exchanges for liquidity amid high demand.
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Pooja Khardia

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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