- Trump’s dinner with top investors signals a crucial moment for the TRUMP token’s future.
- TRUMP coin’s tight supply and rising volume increase volatility and short-term momentum.
- Justin Sun’s involvement hints at TRON partnership, boosting TRUMP’s ecosystem potential.
In a dramatic collision of politics, finance, and digital currency, former President Donald Trump is hosting an exclusive dinner tonight at his golf club near Washington, D.C. The gathering includes over 200 top investors in the TRUMP meme coin. These individuals either currently hold or have previously held large amounts of the token.
The event marks a pivotal moment not only for the cryptocurrency’s short-term momentum but also for its long-term credibility. Investors are bracing for the unveiling of a new TRUMP-related product during the dinner, a move that could significantly impact the token’s future.
Rising Price, Rising Hype
The TRUMP coin has surged recently, climbing 9.59% to reach $15.80 . This momentum follows a steady increase from the $14.50 level earlier in the day. Significantly, trading volume soared to $2.36 billion up over 35% signaling renewed interest from both retail and institutional investors.
Market cap also swelled to $3.16 billion, despite only about 20% of the token’s maximum supply being in circulation. This tight supply structure adds a layer of volatility, making sharp price movements more likely.
Related: TRUMP Token Faces Ethics Probe, Price Collapses From $75 to $11
TRUMP/USD daily price chart, Source: TradingView
The coin now flirts with critical resistance at $15.80, with the psychological level of $16.00 directly above. On the downside, support seems firm at $14.80, a zone where price consolidated before the latest breakout. While the momentum remains strong, the Relative Strength Index (RSI) reading of 65.19 suggests a nearing overbought condition.
Investor Power and Justin Sun’s Role
Among the dinner attendees is Justin Sun, founder of the TRON blockchain, who recently revealed he is the top TRUMP token holder. His involvement not only lends credibility but also introduces TRON’s global community to the TRUMP token’s potential. Sun will also participate in a private tour of the White House, a symbolic gesture blending digital asset enthusiasm with political influence.
Related: Will $TRUMP Reclaim $14 or Slip Below $12? May Setup Tests Key Support Levels
Besides, Sun’s presence could hint at future collaborations between TRUMP and TRON ecosystems. Such a partnership might expand utility or introduce cross-chain functionalities, further fueling investor enthusiasm.
Outlook and Year-End Forecast
Despite the current hype, long-term projections suggest a sobering picture. Coincdex analysts estimate that TRUMP may close 2025 within a range of $5.40 to $6.08. This forecast represents a potential 63% drop from current prices. However, for short-term traders, there’s still room for profit if they exit before the predicted retracement.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
