The Official Trump token is facing new volatility as Donald Trump doubles down on crypto, recently hosting a private dinner for the token's biggest investors.

The token is trading at $14.47 as of press time, down 1.9% over the last 24 hours, though it's still up 53% in the past month. Despite the recent momentum, it's currently 80% below its January high of $73.43.

The Official Trump token is facing new volatility as Donald Trump doubles down on crypto, recently hosting a private dinner for the token’s biggest investors.

The token is trading at $14.47 as of press time, down 1.9% over the last 24 hours, though it’s still up 53% in the past month. Despite the recent momentum, it’s currently 80% below its January high of $73.43.

On May 22, Trump welcomed major TRUMP token holders to a black-tie event at his golf club in Sterling, Virginia, according to a report by Reuters.

In total, 220 investors attended the exclusive dinner. These attendees were the top holders of the TRUMP memecoin, as determined by a leaderboard that ranked wallets’ contributions from April 23 to May 12, 2025.

The top 25 wallets alone had invested about $111 million in TRUMP, according to market data.

Outside the venue, over 100 protesters lined the streets with signs reading “America is not for sale” and “Stop crypto corruption.”

Inside, guests were welcomed to a VIP reception, and the top four investors received custom Trump Tourbillon watches, said to be valued at $100,000 each.

The biggest spender was billionaire Justin Sun, whose wallet held $18.5 million in TRUMP.

Now an adviser to Trump-linked firm World Liberty Financial, which has reportedly raised about $500 million, Sun shared footage of his ballroom entrance and a prior visit to the White House Executive Office Building.

The Securities and Exchange Commission, which paused its fraud case against Sun in February, is yet to make any comment.

In a speech filmed by one of the guests, Trump promised to bring crypto innovation back to the U.S. and accused the Biden administration of targeting the industry. He also pledged to impose "stronger" sanctions on China and vowed to return the U.S. to "glory."

According to reports, more than half of the 220 guests were based overseas, sparking concerns from Democrats about foreign influence and prompting calls for the full guest list to be released.

Following the event, market activity has spiked considerably.

Daily volume jumped 24.5% to $2.63 billion, while derivatives volume rose 17.3% to $3.9 billion, according to data from Coinglass. Open interest climbed to $760.6 million, showcasing an increase in leveraged positions on the token.

On the technical front, TRUMP is still trading above the crucial moving averages for periods ranging from 10 to 100 days, presenting a generally bullish structural view.

A bullish MACD crossover suggests continuing buying interest, and the relative strength index at 58.66 indicates neutral momentum with potential for more upside.

However, momentum indicators are still mixed, suggesting that traders remain cautious despite the recent rally.

The token faces immediate resistance between $15.10 and $15.50. A breakout above that zone could fuel a rally toward $17.30.

But failure to hold above $13.20 and $12.60 may trigger a drop back to $11.30 support.

Ultimately, TRUMP’s next big move will likely depend on whether the post-dinner hype translates into a sustained breakout or fizzles out under the pressure of political scrutiny and potential profit-taking.