TRUMP Price Skyrockets As US President Announces Dinner With Top Holders, But There’s A Catch
US President Donald Trump is finally pumping his official meme coin once again, announcing a dinner with the top 220 $TRUMP coin holders.
The Official Trump price rallied by nearly 80% on Wednesday, trading as high as $16.18 before a correction to $13.
The explosive rally has reignited hope among $TRUMP bag holders — many of whom are still sitting on substantial losses.
However, questionable tokenomics and an overheated RSI suggest that prospective buyers should proceed with caution. In fact, a few prominent analysts are concerned that the TRUMP coin could see another rug-pull, owing to its recent token unlock.
Donald Trump Invites Top $TRUMP Holders To Dinner — Here’s Why Experts Are Concerned
$TRUMP dip buyers and bag holders are finally being rewarded for their patience.
After trading as low as $7.14 on April 7th, the Official Trump price rallied to $16.18 on Wednesday after Donald Trump invited the top 220 holders to dinner.
The dinner invitation created significant FOMO. Whales started pouring in millions for a chance to have dinner with the US President, with one investing $5 million into the meme coin.
It wouldn’t be surprising if major crypto firms like Tether and Ripple are seizing this moment to exert influence over the US president. Notably, Ripple donated $5 million to Trump’s inauguration fund, securing private dinners with him in return.
However, prominent analysts are concerned. Leaving aside the possibility of corruption and illegal financing, experts believe that the TRUMP developer team could be orchestrating a rug-pull.
For the uninitiated, nearly $500 million worth of $TRUMP tokens were unlocked on April 18th, with an additional $5 million being released daily since. Critics argue that the private dinner invitation is little more than a calculated move by the developer team to create exit liquidity.
Indeed, TRUMP soared to $16.18 before tumbling to $13 — a price move that some observers have likened to a classic rug pull.
TRUMP Price Prediction — Is It The Right Time To Buy?
Sidelined investors should exercise caution while buying the dip. Prominent traders like Nebraskangooner, who went long on $TRUMP at $9, have already closed their positions after nearly 50% gains.
Sidelined investors should either wait for a successful retest of the $9 support or the $16 resistance before going long.
Why Solaxy Could Be The Best Crypto To Buy Now?
Solana meme coins are grabbing the headlines at the start of the crypto bull run, much like last year.
While Fartcoin is cooling off following its explosive rally, Popcat, Bonk and Dogwifhat are gearing up for the next breakout.
New Solana meme coins are also in high demand, with Solaxy (SOLX) emerging as one of the standout choices for whales.
The SOLX presale has already surpassed the $31 million milestone, a sign of high upside potential and community support.
Solaxy is the first prominent Solana Layer-2 scaling solution. While Solana is typically considered a fast and cheap blockchain, it does struggle with scalability during heavy traffic, for instance, during broader meme coin rallies.
Solaxy’s ZK rollup-based scaling solution ensures low-latency transactions — instant finality and extremely low fees — even during high traffic. It also guarantees zero downtime and exponential scalability on both chains.
With its Hyperlane-powered multi-chain bridge, data availability tools like Celestia and ZK rollup, Solaxy could soon be an integral part of the Solana ecosystem. Typically, the top Bitcoin and Ethereum L2s have billion-dollar valuations.
Unsurprisingly, SOLX is being viewed by early buyers as their ticket to 10x gains in the upcoming bull run.
