GD Culture Group (GDC) Invests $300 Million in TRUMP Tokens and Bitcoin Ahead of Dinner with Donald Trump

This major announcement prompted the TRUMP memecoin price to bounce back from its previous downward trend, with a 6% surge on May 14.

The price of TRUMP memecoin rose by 6% on May 14 following the announcement that a Nasdaq-listed holding company with ties to China is planning a massive investment of $300 million into the token, as well as Bitcoin.

This had clocked up interest in the memecoin ahead of a crypto dinner event to be held by President Donald Trump.

GDC Investment Spurs TRUMP Coin Price Rise

Earlier this month, news of an exclusive dinner event with Donald Trump triggered a surge in the price of the $TRUMP token. Now, news of an investment from GD Culture Group (GDC)-a company with ties to China-has had a similar effect.

GDC is planning to build a long-term crypto reserve, showing its confidence in the future of cryptocurrencies and decentralized finance

In the official documents released, GDC disclosed that this investment will be funded through a share purchase agreement with an investor based in the British Virgin Islands, who is willing to provide up to $300 million.

GDC stated, “The company plans to use the proceeds, if any, to invest in Bitcoin, OFFICIAL TRUMP, as well as for general operational purposes.”

This development immediately had a significant impact on the price movement of TRUMP coin, which had previously experienced a correction.

After previously being on the list of assets with the biggest drop, the token managed to bounce back today -most likely triggered by the news of the deal with GDC.

Speculation Ahead Of Trump Crypto Dinner Heats Up

Amid news of a major investment into the TRUMP token, enthusiasm for the crypto dinner with Donald Trump is heating up.

This exclusive event is scheduled to take place on May 22 and will bring together the top 220 TRUMP coin holders in a private meeting with President Trump.

With the recent impressive price performance, analysts expect the biggest surge from TRUMPecoins to occur closer to the day of the event.

TRUMP Token Price Held In $13-$14 Range

Yesterday, the TRUMP token price plummeted by almost 6% and touched a low of $12.22, but today it managed to recover. As of May 14, the token is trading at $13.55, up 6.11%.

In the past week, TRUMP coin recorded an increase of 23.28%, and in the past month, it surged by 61.8%.

The highest price in the past week was recorded at $15.07, but price movements have mostly been in the $13-$14 range. As reported by the CoinGape website, the massive selling pressure that occurred after the close of the qualifying period for the crypto dinner event is suspected to be the main cause of TRUMP token price volatility.

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