The TRUMP memecoin is making headlines again with a staggering 68% price surge in the last 24 hours. The rally comes after an announcement that’s capturing attention from both the crypto and political worlds—a new campaign offering a unique chance to have a private dinner with Donald Trump at his Washington, D.C. golf club on May 22.
The official website for the Trump memecoin reveals that the top 220 TRUMP token holders will receive an invitation to an exclusive private gala dinner with former U.S. President Donald Trump. The event is set for May 22 at Trump National Golf Club in Washington, D.C.
Additionally, the top 25 token holders will gain access to a VIP reception with Trump and a special tour. While details of the tour remain unclear, it may include locations tied to the White House.
The event has sparked attention not just for its political twist but also for its unique reward structure. The Trump memecoin platform features a live leaderboard that ranks users based on “Time Weighted $TRUMP Holdings,” which considers both the number of tokens a user holds and how long they’ve held them. The larger and longer the holdings, the better the chances for rewards.
This announcement marked a turning point for the Trump memecoin. In the last 24 hours, the price of TRUMP Coin skyrocketed by 68.91%, climbing from $9.18 to an intraday high of $15.47.
As of now, the coin has slightly pulled back and is trading at $12.35, with a market cap of $2.47 billion. Trading activity has surged, with daily volume jumping 497.85% to reach $5 billion. The big question remains—can TRUMP Coin maintain its momentum?
From Decline to Rally: Trump Coin Technical Indicators Signal Bullish Momentum
TRUMP coin has seen a sudden rally after a challenging period. Following its drop below $10 on March 28, the token struggled to gain momentum, impacted by broader market uncertainty affecting Bitcoin and other major cryptocurrencies. Initially launched ahead of Trump’s January 20 inauguration, the coin once peaked at $74.59 before crashing to a low of $7.14 on April 7.
Currently, TRUMP is trading at $11.82 on the 4-hour TRUMP/USDT chart, marking a 4.63% gain. The chart displays a bullish continuation pattern as the token broke resistance levels after a period of consolidation. However, with an RSI of 73.83, the token appears overbought, suggesting a potential short-term pullback.
Additionally, the CMF value stands at -0.03, indicating minor profit-taking or reduced buying pressure, though the MACD remains bullish. Combined with growing buzz over the dinner invite, the hype may sustain for now.
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