TRUMP coin price surges more than 10% ahead of exclusive dinner with President Trump

The price of TRUMP coin has seen a remarkable upswing, gaining more than 10% in a single day and catching the attention of cryptocurrency traders worldwide.

The price of TRUMP coin has surged more than 10% in a single day, catching the attention of cryptocurrency traders.

The token is currently trading at approximately $14.40, according to CoinMarketCap data from May 21.

This represents a 10.4% increase over the previous 24 hours.

The surge has occurred alongside heavy trading volume, with between $1.8-1.9 billion worth of TRUMP tokens changing hands within a day.

CoinGecko data shows that daily trading volume increased by 146% compared to the previous day.

This price jump appears to be directly connected to an upcoming event: an exclusive dinner hosted by President Trump for the largest holders of the TRUMP token.

VIP Dinner Driving Demand

The private dinner is scheduled for May 22 at Trump National Golf Club in Virginia, just outside Washington, D.C.

Only the top 220 TRUMP token holders will receive invitations to this “black-tie-optional” event.

The 25 largest wallets among those 220 will get additional VIP benefits, including a private reception with Trump and a guided tour of Washington, D.C.

This reward structure has proven effective at driving market activity. When first announced in April, the dinner caused the TRUMP token price to jump by more than 50%.

According to reports, qualifying for the dinner requires holding at least 4,196 TRUMP tokens, valued at approximately $55,000 when the threshold was established.

The top position holders own hundreds of thousands or even millions of coins each.

President Trump’s affiliates maintain tight control of the project, with CIC Digital LLC and Fight Fight Fight LLC holding 80% of the total token supply.

Justin Sun, founder of Tron and a Trump crypto adviser, confirmed on May 20 via his X (formerly Twitter) account that he holds the largest position in TRUMP tokens.

Blockchain records verify Sun’s claim, showing his wallet contains over $21 million worth of TRUMP tokens.

His public confirmation and planned attendance at the dinner appear to have boosted confidence among smaller investors.

Market Sentiment Turns Increasingly Bullish

Technical analysis suggests TRUMP has broken out of its recent trading range with several bullish indicators.

The token has bounced off its 20-day exponential moving average (EMA) at approximately $12.99, using that level as support for further gains.

The Directional Movement Index on the daily chart shows positive momentum outpacing negative signals, typically interpreted as confirmation of a bullish trend.

If this momentum continues, analysts suggest the TRUMP token price could reach around $19.30.

However, a drop below the $12.99 EMA would likely invalidate the short-term uptrend and could trigger a deeper pullback to the $10-11 range.

Derivatives market data shows growing interest, with Open Interest climbing 28.42% to $724.48 million in 24 hours.

The Long-to-Short Ratio stands at 1.0141, indicating buyers currently outnumber sellers in the futures market.

The OI-Weighted Funding Rate has maintained an upward trend since May 18, confirming that traders have consistently opened more buying contracts than selling contracts over four consecutive days.

Spot trading data shows a shift toward bullish activity as Exchange Netflow has declined.

Traders have purchased $5.84 million worth of TRUMP from exchanges, following a previous day’s sell-off of $11.80 million.

Investor confidence appears strong, with the percentage of investors expecting a TRUMP rally increasing from 64.71% to 73.64% in just 24 hours.

This positive sentiment, if maintained, suggests both spot and futures traders may continue to support upward price movement in the near term.

The most immediate price action will likely be influenced by events at tomorrow’s exclusive dinner and any statements made by President Trump regarding the token’s future.