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Cryptocurrency News Articles

Speculation Around TRUMP's Upcoming Exclusive Gala Dinner and White House Tour on May 22 for the Top 220 Holders Is Fueling Renewed Interest in Several Altcoins.

May 20, 2025 at 06:30 am

Speculation around TRUMP and its upcoming exclusive Gala Dinner and White House tour on May 22 for the top 220 holders is fueling renewed interest in several altcoins.

Speculation around TRUMP and its upcoming exclusive Gala Dinner and White House tour on May 22 for the top 220 holders is heating up interest in several altcoins.

While TRUMP remains the main focus, other narrative-driven tokens are also heating up ahead of the event. Three altcoins to keep an eye on in the lead-up include Tron (TRX), EOS token, and the Official Melania Meme (MELANIA).

Tron (TRX)

Justin Sun, the founder of Tron, will attend President Trump’s upcoming private dinner for top TRUMP meme coin holders, confirming earlier speculation about his involvement.

According to Arkham Intelligence, a cold wallet associated with HTX, the exchange linked to Sun, is currently the largest holder of TRUMP.

While the identity behind the wallet hasn’t been officially confirmed, Sun’s confirmed presence at the event has brought increased attention to the TRUMP token and Tron (TRX), fueling buzz in the crypto space.

This spotlight could benefit TRX’s price action in the near term. If momentum builds, TRX may pierce through the resistance at $0.267, setting its sights on the next upside target at $0.279.

However, if the current support at $0.261 fails to hold, the token could slip to $0.256.

A stronger downtrend might push it further towards $0.250 and potentially $0.243.

EOS

World Liberty Financial (WLFI) recently sparked controversy by purchasing $3 million worth of EOS, raising eyebrows among crypto enthusiasts. The acquisition—which amounts to 3.64 million EOS tokens—was part of WLFI’s involvement in political crypto plays, especially those connected to President Trump.

While EOS has seen a rise of over 9% since the purchase, skepticism remains due to WLFI’s recent $125 million loss from allegedly selling ETH at a local bottom earlier this year.

Despite the buzz, there’s no confirmed evidence of wrongdoing in the EOS deal, though the firm’s ties to Trump and its track record continue to be closely watched.

If President Trump’s upcoming TRUMP coin dinner—where WLFI is expected to attend—brings attention to related altcoins, EOS could benefit from the momentum.

A strong move may lead EOS to test resistance at $0.805 and $0.869. If bullish sentiment persists, it could rise even further to $0.916 and $0.979.

But if confidence wanes and EOS drops below the support at $0.754, it could experience a swift decline to $0.663.

Official Melania Meme (MELANIA)

MELANIA, the meme coin inspired by First Lady Melania Trump, was launched shortly after TRUMP meme coin and remains closely linked to its narrative.

The token has experienced a significant drop from its all-time high but continues to benefit from the political meme coin trend. With Donald Trump’s Gala Dinner for top TRUMP holders approaching on May 22, MELANIA could see renewed interest.

Despite not being directly involved in the event, it may gain momentum from spillover attention related to the TRUMP ecosystem.

Over the past few weeks, MELANIA underwent a sharp rally of 50% before sliding 23.4% in the last seven days, showcasing its high volatility.

If the downtrend continues, the token could encounter key supports at $0.316 and $0.306, with a potential drop below $0.30 marking new all-time lows.

However, if the tide shifts and bullish momentum returns, MELANIA might rebound towards resistance at $0.362. A breakout above this level may pave the way for further gains to $0.427 and possibly $0.487 if the rally intensifies.

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Other articles published on May 20, 2025