TRUMP Token Rebounds After GDC Culture Group Announces $300M Investment

TRUMP token sharply rebounded after GD Culture Group announced it would allocate $300 million toward TRUMP and Bitcoin purchases.

The price of TRUMP token rebounded sharply after GD Culture Group (GDC) announced in a recent filing that it would allocate $300 million toward purchasing TRUMP and Bitcoin.

Nasdaq-listed GDC confirmed this plan through an official filing, triggering renewed momentum in the memecoin market. As a result, TRUMP surged over 6% within 24 hours, reversing a 6% drop.

The focus now turns to the upcoming crypto dinner, which might bring further buying pressure on the token.

Here’s a closer look at TRUMP’s price action and GDC’s investment plans:

TRUMP Token Surges 6% After GDC Funding News

GD Culture Group, a U.S.-listed firm with Chinese connections, is planning to build a major crypto reserve with TRUMP and Bitcoin. The company confirmed this in a filing, adding that the funds would come from a stock purchase agreement with a British Virgin Islands-based partner.

The partner pledged up to $300 million, which GDC will use to acquire TRUMP and Bitcoin. The announcement comes at a time when TRUMP recovered from a recent downtrend, helping the memecoin regain momentum.

After dropping to a low of $12.22, TRUMP rose to $13.55 following the news. In doing so, it appears to have recovered from a 6% drop in the previous session.

According to market analysis, the 6.11% daily increase in TRUMP’s price can be attributed to the news. This sparked renewed confidence among traders, especially with the upcoming crypto dinner fast approaching.

Looking at the weekly and monthly charts, TRUMP shows even stronger growth. In seven days, the token increased by 23.28%, while over a month, it went up 61.8%.

Recently, TRUMP traded between $13 and $14, reaching a weekly high of $15.07. GDC’s plan to invest in TRUMP and Bitcoin significantly contributes to this performance, reinforcing positive sentiment.

At the same time, Bitcoin will form a major part of GDC’s long-term reserve strategy using the $300 million raised. The firm clarified that part of the proceeds would support general corporate needs, but with a primary focus on crypto assets.

This dual acquisition approach highlights Bitcoin’s continued role as a reserve asset. While the leading cryptocurrency did not experience the same spike as TRUMP, the announcement reinforced its status in corporate treasury strategies.

As such, market data showed stable price action for Bitcoin, with slight gains following GDC’s disclosure. The move also highlighted GDC’s intent to diversify into leading and emerging digital assets.

The inclusion of Bitcoin suggests that GDC aims to balance TRUMP’s volatility with Bitcoin’s relative market stability. While TRUMP responds sharply to news and events, Bitcoin acts as a broader benchmark.

This combination may help GDC optimize both short-term gains with TRUMP and maintain a balanced portfolio with Bitcoin for the long term.

Crypto Dinner For Top TRUMP Holders

The upcoming crypto dinner on May 22 will host 220 top TRUMP holders in a private meeting with Donald Trump. The event’s exclusive nature has already fueled attention in the market, acting as a catalyst for TRUMP’s recent gains.

According to recent analysis, the memecoin’s price action shows potential for even stronger movement in the days leading up to the dinner. After the confirmation of the event, the rally in the TRUMP token began earlier this month, and GDC’s investment adds further strength to this trend.

The dinner continues to attract interest due to its exclusivity and proximity to major token developments. As this week progresses, participants will be focusing on the near-term trajectory of the TRUMP token as hype surrounding the dinner intensifies.

While the memecoin market remains known for its volatility, TRUMP is positioned for further upward action amid growing interest from institutions. Together with GDC’s funding, which adds credibility to the token’s rise, the stage is set for a pivotal week in the cryptocurrency market.