The TRUMP Coin Saga: Dinner Drama, Crypto Chaos, and Some Token Twists

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Ah, the Trump meme coin—because who wouldn’t want to throw their money at a cryptocurrency with a name that evokes such dignity and sophistication? So, it seems this whole dinner thing has caused a bit of a stir. People thought you needed a staggering $300,000 worth of TRUMP tokens to get a seat at the table with, well, President Trump—or at least with his digital alter ego. But no, dear reader, the development team was quick to clarify that it’s not quite as rich-man-only as it seems. So breathe easy, you don’t need to sell your kidneys to attend.

They also reassured the masses that no tokens would be unlocked or sold alongside the dinner. Good news for anyone worried about a sudden, catastrophic dump of tokens just when everyone’s watching. Wouldn’t want that now, would we? Perish the thought.

it’s not. For instance, the “Sun” wallet (no, not the one that shines on your garden) holds a whopping 1.17 million TRUMP tokens, worth more than $14 million at current prices. Meanwhile, the 220th-ranked user, “HAR”, is probably just hoping for a lucky break with a mere $420 worth of TRUMP. Talk about a difference in dining expectations.

And let’s not forget—”Sun” is associated with HTX, a crypto exchange based in China, with an advisory board that includes crypto billionaire Justin Sun (no relation to the wallet’s celestial name, I promise). This has raised eyebrows, particularly as some recent buyers seem to have come from Binance—much to the consternation of US regulators. Ah, the joys of global finance.

TRUMP Price Outlook

Now, the token itself—currently trading around $12 (down by 1% in the last 24 hours)—has certainly been on a rollercoaster ride. While it’s dropped a smidge today, it’s still up 60% from last week. Not too shabby, considering it added a cool $1 billion to its market cap within hours of the dinner announcement on April 23. All of this has resulted in a current valuation of $2.42 billion. Not bad for a meme coin, huh?

Since its inception, the TRUMP token has brought in $312 million in sales and a tidy $41 million in fees for Trump and his merry band of business partners. Clearly, they’re not just serving dinner—they’re serving up a lucrative side of profits.

If you’ve been following the price charts, you’ll notice the RSI on the 1-hour chart is hanging around 52—hardly a sign of great enthusiasm. The daily chart, however, hints at an overbought situation, suggesting that any latecomers to the TRUMP party might face some losses. You’ve been warned.

TRUMP price chart | Source: TradingView

Meanwhile, the Bollinger Bands on the hourly chart are squeezing tighter than a hedge fund manager’s wallet, signaling potential volatility. A sharp move could be on the horizon. Resistance is strong around $13.50, and the bulls have tried but failed to break through it recently. The MACD lines are crossing bearishly, and the histogram is fading—probably not what you’d want to see if you’re looking to make a quick buck.

If the price falters, support could show up around $11.20. But don’t hold your breath. With volume and open interest cooling off, traders might just be waiting for the next big news—or the next dinner fiasco—to shake things up again.

TRUMP price chart | Source: TradingView

Until then, enjoy watching the bulls and bears duke it out while you sip your digital champagne at home. 🍾

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2025-04-25 16:21