Donald Trump Creates Many Opportunities for the Wealthy to Interact With Him by By: cryptonews

Donald Trump has created many opportunities for the wealthy people to interact with him since 2024. From his $1 million-per-plate PAC fundraiser in late April or his $1.5 million-per-plate fundraiser a few days later, the former president has come-up with various schemes to get the attention of the rich.

However, a new milestone was achieved with a new scheme that is being used to fund his memecoin.

On April 23, Trump announced that he will be hosting the top 220 owners of this memecoin cryptocurrency for a black-tie-optional dinner at his golf course outside Washington, D.C on May 22. The announcement was followed by a private tour of the White House the next day for the top 25 at the end of this meet.

This crypto community has made a major investment in Trump’s official memecoin as investors and marketers are taking advantage of this situation to increase their hold in this digital asset.

TRUMP Memecoin Dinner With President Donald Trump

According to the latest reports, investors have invested more than $148 million to win an opportunity to dine with the President of the United States of America this month.

The president promoted the event on social media as the “most EXCLUSIVE INVITATION in the world.” He promised the top 220 holders of the TRUMP memecoin an invite to a gala dinner with the president, while the top 25 will also enjoy “an ultra-exclusive private VIP reception” with the president as well as a “Special VIP Tour.”

On Monday, the GetTrumpMemes.com website posted: “Congratulations, if you’re in the top 220 on the leaderboard… President Trump will see YOU on May 22 at the Gala Dinner in Washington D.C.” The time period for monitoring the contest’s winners was from the time the contest was announced on April 23 to the cutoff on May 12.

Potential Impact On Trump Memeoin Price

At the time of press, Trump’s official memecoin has seen a rise of more than 4% in 24 hours with a trading volume being reported at $1.51 billion, denoting a change of -18.41%. Furthermore, this crypto token has surged 21.86% in seven days and shows a monthly return of approximately 60%. It is currently ranked 43rd with a market capitalization of $2.65 billion.

The Simple Moving Average (SMA) is providing major support to the Trump memecoin around the $13 mark in the daily price chart. This showcases an increase in the bullish action for the Solana-based altcoin.

However, the Relative Strength Index (RSI) is on the path of experiencing a bearish convergence in the 1D time frame. With its average trendline recording a similar action, this memecoin price could see significant volatility this week.

Will Trump Coin Go Back Up?

Keeping the price above the resistance level of $14 could pave the way for Trump coin price to head toward its $17 mark. If the market continues favouring the bulls at that point, this could propel this memecoin toward its upper target price of $21.50 this month.

On the other hand, if this memecoin faces another market manipulation, its value could decrease toward its low of $10. Moreover, if the bearish sentiment intensifies, the Donald Trump memecoin could crash toward its crucial support of $7.