TRUMP COIN HAS RALLIED OVER 80% THIS WEEK AS INVESTORS GET HYPED FOR A PRIVATE DINNER WITH U.S. PRESIDENT DONALD TRUMP

The Trump coin rally started after it was announced that the top 220 holders of $TRUMP would be invited to a private dinner with President Trump.

The Trump meme coin ($TRUMP) has rallied over 80% this week to reach $15.30 as trading volume surged and investors become hyped for a private dinner with U.S. President Donald Trump. Despite the criticism and political backlash (including calls for impeachment), the meme coin’s momentum shows no signs of slowing.

The invitation to the top 220 holders of $TRUMP for a private dinner with President Trump is spurring a lot of interest in the event, not just from crypto investors but also from political figures.

Democratic Senator Jon Ossoff called the dinner “selling access to the presidency” and an “impeachable offense” according to news sources. Senators Elizabeth Warren and Adam Schiff have also called for a federal ethics probe, writing a letter to the U.S. Office of Government Ethics on April 25 demanding an investigation into whether Trump violated federal conduct guidelines by promoting the token.

However, investors are still bullish on the meme coin. Within 24 hours of the dinner announcement $TRUMP trading volume hit over $1.7 billion according to CoinGecko.

The meme coin is now the top performing token among meme assets with significant market capitalization over the past week, outperforming Dogecoin and Shiba Inu.

Following the dinner announcement, the Trump coin rally moved price above $15.30 after rebounding from a long downtrend since its February highs. Although as at the time of this writing, $TRUMP is down 8.1% to $14.11, coming down from its initial highs.

Technicals show the coin has broken through major resistance. According to TradingView charts, the RSI is at 70.99 which is slightly cooled, still in the overbought zone but within the range that indicates bullish strength.

The Trump coin rally is still down 80% from its all time high of $73.43 reached shortly after Trump’s inauguration. But the recent momentum and consolidation could be a setup for another leg up.

Analysts at Messari noted the meme coin’s high engagement and short term liquidity with on-chain metrics showing increased holder activity and wallet creation after the event announcement.

Consequently, the overall meme coin market is down 0.3% in the last 24 hours. Dogecoin ($DOGE) is flat despite periodic endorsements from Elon Musk and PEPE and FLOKI are up marginally. The divergence suggests $TRUMP’s price action is driven more by narrative than market trends.

Crypto market aggregator Santiment reports that social media mentions of “$TRUMP coin” have increased 400% in the last week and sentiment is “net positive” despite the regulatory concerns. Some experts have argued that, when you have a mix of political controversy, scarcity mechanisms, and influencer visibility, meme coins behave more like media events than financial instruments.

A big concern for $TRUMP investors is the upcoming token unlock in less than 3 months. The previous unlock this month released $320 million worth of tokens into circulation. The next one will add 25.1% to the current supply and is estimated to be worth almost $780 million.

Unlocks usually bring selling pressure, but the last one had limited impact on price due to rising demand. On-chain analytics platform Lookonchain noted that whales continued to accumulate despite the dilution risks. “The TRUMP token unlock acted more like a liquidity event than a selling trigger,” their April 26 report said.

If this Trump coin rally continues, the next target is a retest of the $20 mark. That’s 32% from current levels. CryptoQuant analysts say short-term technicals are set up for another leg higher if the dinner event keeps driving media attention and social volume.

However, other analysts are skeptical. We’re in a highly speculative environment. Traders must remember that meme coins can reverse sharply without notice. If $TRUMP holds above $14 for several days we could see a move to $20 before the unlock window opens.

The Trump meme coin rally is a wild ride with investor interest hitting an all-time high, fueled by a perfect storm of political drama, media exposure, and strategic incentives like the dinner event. With $1.7 billion in 24-hour volume and increasing attention from retail and institutional traders, $TRUMP may have more room to run. But with a supply dilution and political risk on the horizon, the road ahead will be as crazy as the coin’s origin story.

Is $TRUMP coin officially endorsed by Donald Trump?

While Donald Trump and his family have acknowledged $TRUMP promotions, there is no formal SEC-registered statement saying the token is part of his official campaign or business.

What’s the next big event for $TRUMP holders?

A private dinner on May 22 with President Trump for the top 220 $