Following Donald Trump’s active involvement in cryptocurrencies, it has been announced that the US President plans to host an exclusive dinner party for 220 of the largest holders of meme coin Trump. The event will take place on May 22 at Trump National Golf Club in Washington. Users must register in a live ranking table by May 12 to be among the top 220 holders. Additionally, the top 25 will not only attend the dinner but also enjoy a special tour at the White House and exclusive hospitality from Trump himself. This news has caused a lot of excitement in the market. Data indicates that major investors, or whales, are rapidly buying TRUMP. For instance, one whale has purchased over 400,000 TRUMP units at an average price of $12.27, spending $5 million. Some traders who had sold their TRUMPs before this event announcement are now potentially missing out on significant profits. However, this newly created FOMO could generate a new wave of demand and bullish sentiments in the market. In the past 24 hours, the price of Trump has surged over 42% to approximately $12.77. This meme coin based on the Solana network currently has a market capitalization of over $12.8 billion and its daily trading volume has reached around $3.12 billion with a 429% growth. From a technical perspective, the Relative Strength Index (RSI) in the 4-hour timeframe indicates bullish divergence. Moreover, the MACD indicator, after several weeks of bearish signals, has now turned positive. These data suggest that TRUMP may have entered a new bullish trend. You can track the prices of all tokens and cryptocurrencies in real-time on the momentary price page of digital currencies.
