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The $TRUMP memecoin has surged 73% due to the excitement that came after Donald Trump's announcement of a special gala dinner
The $TRUMP memecoin has surged by 73% following Donald Trump’s announcement of a special gala dinner for top token holders at his Washington golf club.
The $TRUMP memecoin has surged by 73% following Donald Trump’s announcement of a special gala dinner for top token holders at his Washington golf club.
The rise of the memecoin’s price showcases the strong reaction from the market and investors’ growing interest following the news of the exclusive event.
The rise of the memecoin’s price showcases the strong reaction from the market and investors’ growing interest following the news of the exclusive event.
On April 23, the United States President, Donald Trump, announced that the top 220 $TRUMP holders would be invited to a formal dinner with him at the Washington, D.C., golf club.
On April 23, the United States President, Donald Trump, announced that the top 220 $TRUMP holders would be invited to a formal dinner with him at the Washington, D.C., golf club.
This announcement saw the meme coin soar more than 73%, now trading at $15.86 with a 24-hour trading volume of $1.82 billion. It’s one of the best-performing cryptos among the 100 largest cryptocurrencies by market cap.
The token price went from $7.54 to a high of $15.47 on April 23 before settling at $15.86 today, April 26. The coin has also reached a 24-hr trading volume of $3.1 billion. This rise comes after months of heavy price swings.
After the ticket announcement news, 27 whales bought more than 100,000 tokens, adding up to about $1 million in purchases, with the biggest single buy reaching 2 million tokens for about $24 million.
After the ticket announcement news, 27 whales bought more than 100,000 tokens, adding up to about $1 million in purchases, with the biggest single buy reaching 2 million tokens for about $24 million.
AMCrypto, a technical analyst on X, shared that the large buys and short liquidation pushed the price higher.
Justin Sun, an account linked to the founder of TRON, quickly became the largest holder, controlling about 1.2 million TRUMP tokens valued at over $14 million after investing $30 million into Trump-linked World Liberty Financial.
Justin Sun, an account linked to the founder of TRON, quickly became the largest holder, controlling about 1.2 million TRUMP tokens valued at over $14 million after investing $30 million into Trump-linked World Liberty Financial.
While this was happening, the already planned release of 40 million meme coin tokens was postponed by 90 days, keeping the circulating amount at 200 million and reducing concerns about oversupply.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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