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Cryptocurrency News Articles
Mind of Pepe (MIND) Sells Out in 9 Days, Anticipation Mounts Ahead of Trump's Gala Dinner
May 21, 2025 at 10:21 pm
The Solana-based Trump Official TRUMP $12.85 24h volatility: 0.3% Market cap: $2.57 B Vol. 24h: $951.17 M meme coin is experiencing a notable price increase, climbing 13% in the last 24 hours to reach the $14.50 level
The Solana-based Trump meme coin is showing promise with a 13% price increase over the last 24 hours as it approaches the $14.50 level.
The meme coin’s market capitalization is nearing $3 billion.
The TRUMP meme coin is among the top market gainers with a triple-digit increase.
The move comes ahead of an exclusive private dinner that former President Donald Trump will host for the top 220 holders of the TRUMP token at his Virginia golf club, close to Washington, D.C., on Monday.
The anticipation for the dinner seems to be building up steadily, especially with the recent addition of a triple-digit price increase for the TRUMP meme coin and a bullish announcement from Tron founder Justin Sun.
Taking to X, formerly Twitter, Sun revealed that he is the largest holder of the TRUMP meme coin.
"Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan!"
"As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry."
This revelation has been accepted by many as a strong vote of confidence, leading to increased buying pressure and heightened investor interest over the last 24 hours.
Earlier this month, TRUMP whale activity was seen pushing the meme coin higher. Now, the Trump dinner could serve as another catalyst to trigger a strong upside to $20 and beyond.
TRUMP Price Might Rally Further According to Technical Analysis
Further highlighting the positive momentum, technical indicators are showing sustained positivity for TRUMP.
On the daily chart, the meme coin has bounced off its 20-day Exponential Moving Average (EMA), a dynamic support level currently positioned at $12.99. This indicates robust buying momentum for the meme coin, suggesting the token could see further upward movement in the near term.
As of now, TRUMP is trading at $14.32, holding above its 20-day EMA support level of $12.99. With increased demand, this support could be reinforced, potentially pushing the token’s price toward $19.28.
On the downside, a wave of profit-taking could lead TRUMP to breach the $12.99 support, setting the stage for a further decline to $10.76.
The overall meme coin market activity is also heating up today with Dogecoin price rallying 3.9%, PEPE meme coin rising 8%, and BONK price showing an 8% gain.
This shows that there’s a strong undercurrent in the meme coin sector, which is showing signs of a revival.input: Key Highlights
The Solana-based Trump meme coin is showing promise with a 13% price increase over the last 24 hours as it approaches the $14.50 level.
The meme coin’s market capitalization is nearing $3 billion.
The TRUMP meme coin is among the top market gainers with a triple-digit increase.
The move comes ahead of an exclusive private dinner that former President Donald Trump will host for the top 220 holders of the TRUMP token at his Virginia golf club, close to Washington, D.C., on Monday.
Anticipation for the dinner seems to be building up steadily, especially with the recent addition of a triple-digit price increase for the TRUMP meme coin and a bullish announcement from Tron founder Justin Sun.
Taking to X, formerly Twitter, Sun revealed that he is the largest holder of the TRUMP meme coin.
"Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan!"
"As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry."
This revelation has been accepted by many as a strong vote of confidence, leading to increased buying pressure and heightened investor interest over the last 24 hours.
Earlier this month, TRUMP whale activity was seen pushing the meme coin higher. Now, the Trump dinner could serve as another catalyst to trigger a strong upside to $20 and beyond.
TRUMP Price Might Rally Further According to Technical Analysis
Further highlighting the positive momentum, technical indicators are showing sustained positivity for TRUMP.
On the daily chart, the meme coin has bounced off its 20-day Exponential Moving Average (EMA), a dynamic support level currently positioned at $12.99. This indicates robust buying momentum for the meme coin, suggesting the token could see further upward movement in the near term.
As of now, TRUMP is trading at $14.32, holding above its 20-day EMA support level of $12.9
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