TRUMP coin price surges as large whale deposits, optimistic forecasts spotlight the token

TRUMP coin price has surged amid a series of significant developments. Large whale deposits, optimistic analyst forecasts, and political events have spotlighted the token.

The price of TRUMP coin has surged in recent times amid a series of significant developments. A wallet associated with the TRUMP team recently deposited 1,346,000 TRUMP coins into major exchanges, according to on-chain data.

The transaction, valued at $19.58 million, was reported by Lookonchain. The funds were sent to Binance (BNB), OKX, and Bybit about nine hours ago.

The large-scale deposit immediately caught the attention of crypto market watchers, who are now speculating about its potential impact on the TRUMP price.

The distribution of deposits across multiple trading venues hints at strategic liquidity management, which could affect short-term price volatility.

This activity could shape the next moves in the TRUMP price. Analysts recommend closely monitoring volume changes and price action in the coming days to gain further insights into the token's performance.

While immediate selling is not yet confirmed, whale behavior often signals upcoming shifts in market trends.

Furthermore, crypto analysts have issued bullish outlooks on the TRUMP coin price. According to Nilesh Rohilla, TRUMP achieved its first technical target of $16 after the explosive rally.

On the daily chart, his analysis showed a possible formation of minor correction before resuming the upwards movement, targeting $20. His TRUMP coin price prediction continues to be highly positive, especially if investors ensure that support at $16 is held.

To strengthen this optimism, analyst Teeird said that President Trump will post on X soon, which is bullish. Teeird believed that official recognition would spark something big, propelling the TRUMP coin price to go over $20 soon.

This projection aligns with sentiments indicating that external forces could influence the current TRUMP coin price surge.

The Trump Dinner Effect

Continuing the rally, the TRUMP increased its price due to the new “Dinner with Trump” campaign announcement. According to Kaiko Research, this kind of promotion method increased the TRUMP coin price by 60% upon the announcement.

The advertisement offers 220 lucky holders of $TRUMP a private dinner and a tour of the White House. This triggered a stir on social media platforms.

Moreover, Kaiko pointed out that trading related to the TRUMP meme coin increased by 200%. Wallets holding less than $100,000 in TRUMP conducted most of these transactions.

This indicates strong participation from small investors eager to buy the token. This development supported the positive trend underlying the TRUMP coin price prediction.

$TRUMP Token On-chain Activity Peaks on April 23 | Source: Kaiko Research

Supporters of the Trump Dinner Effect view it as a clever marketing strategy in the crypto world. Critics, however, raise ethical concerns about leveraging White House access to attract investors.

Rising volumes and demand have positioned $TRUMP among the most closely watched tokens in the meme coin market. Investors and analysts are keeping a keen eye on its movements.