The surge in value for the TRUMP meme coin has been significant enough that the normally predictable TRUMP market is abuzz. TRUMP has proven really impressive strength on the market. Surprisingly, even with one of the largest token unlocks that usually leads to a price crash it didn’t go down! This performance, coupled with news of an exclusive dinner event for TRUMP holders, underscores the unique position the coin occupies within the cultural landscape and the cryptocurrency market.
Price Surge and Market Performance
In fact, TRUMP’s price surged 15% after receiving word that there’d be an exclusive dinner event for $TRUMP holders. By the end of the weekend, the meme coin’s overall value increased by at least 8%. This spike happened despite a heavy token unlock, which unlocked 40 million tokens into circulation on April 19. This unlock was equivalent to a 20% increase in circulating supply and 4% of total 1 billion token supply. Had the TRUMP token unlock period caused a big sell-off, the price would have gone down sharply, but this isn’t what happened.
Now trading between $8.16 and $8.30, the meme coin is far outperforming much of the rest of the meme coin market. Yesterday, TRUMP's price rose 11% in a strong surge, surpassing over-leveraged short traders. The available price action has been rocky since its introduction. Yet, analysts are currently noting the establishment of a strong bottom on the daily $BTC chart.
Technically TRUMP has been able to solidify a solid technical base in an emergent double-bottomed support pattern. Despite Doge’s latest bullish efforts, the meme coin remains more than 85% in the red compared to its all-time peak of $71.
Unique Cultural Position
Generally, TRUMP distinguishes itself from the rest of the meme coin crowd through its outsize real-world brand name connection. This connection deepens its irreplaceable status in the cultural environment. This direct connection offers a deeper sense of recognition and engagement that other meme coins can only dream of.
The talented team who designed TRUMP are currently developing a separate website for this new coin. This action is indicative of their deep commitment to its positive growth and development. The brownstone TRUMP holder dinner only adds to this feeling of community and exclusivity that comes with the meme coin.
Future Outlook
The recent price action and recent developments lead us to believe that there is a tremendously bullish story brewing for TRUMP. The coin's ability to withstand the pressure of a major token unlock and still achieve price appreciation is a testament to its underlying strength and community support.
Creating a separate website would strengthen TRUMP’s foothold in the market. Having special VIP experiences only available to token holders further cements it at the top. While meme coins can turn a little money into a lot, investors should remain cautious. Research thoroughly before making any investment, as these assets are incredibly speculative and involve a high degree of risk.
