Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains?

Share This Post

Trump’s Plan to Appoint a16z’s Brian Quintenz to CFTC—What to Expect

The post Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains? appeared first on Coinpedia Fintech News

Soon after the launch, the OFFICIAL TRUMP (TRUMP) price experienced a huge pullback that has continued in recent times. Meanwhile, the ease in the global markets has led to a strong recovery within the crypto space. The top tokens like Bitcoin, Ethereum, etc., and many more have been thriving with flying colors, which has triggered the memecoin mania too. The top ones like Dogecoin & Shiba Inu prices are attracting decent gains, but the other memes like Brett, FLOKI, doewifhat, and Bonk have been surging with a huge margin. 

Meanwhile, the rise in the TRUMP price has raised everyone’s eyebrows and has also raised concerns about whether the rally is short-lived. 

Currently, TRUMP is running hot with a massive increase in the trading volume as bullish news flew in. Soon after, President Trump announced a private dinner with the top 220 holders of the token on May 22. Just a couple of days before, on April 18, nearly $300 million worth of TRUMP tokens were unlocked, and traders began to short, anticipating a pullback. However, the latest rounds of private dinner have liquidated $8.5 million of shorts.  Moreover, a whale just bought nearly $5 million worth of tokens, which has pushed the price above $16 for a while. 

This huge purchase suggests whether the U.S. President is indirectly compelling the investors to buy more TRUMP. It gets more shocking after joining the dots of Trump owning 90% of the TRUMP supply, the lockup period on the supply expiring, and Trump placing tariffs on the entire world and carving out exemptions for companies on a case-by-case basis. Interestingly, only 24% of the tokens have been unlocked till now, and the rest, which includes a daily unlock of 492K tokens, will last for the next couple of years. 

The bulls have failed to surpass the pivotal resistance at $16.5, despite a 90% upswing and a 500% increase in the trading volume. This points towards the possibility of a short-term rally as the bears have begun to extract profits. 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

XRP Price Prediction For May 2025 As Bitcoin Price Hits $105000

The post XRP Price Prediction For May 2025 As Bitcoin Price Hits $105000 appeared first on Coinpedia Fintech News Bitcoin recently surged past $104,000, briefly touching $105,000, a level not seen in

Ethereum Surge Above $2,200 Says Bear Market Is Over, Analyst Calls $5,791 ‘Easy’ Target

After weeks of sideways consolidation and uncertainty, Ethereum appears to have flipped a major psychological and technical corner Bullish momentum in the past five days has caused Ethereum’s

Bitcoin Open Interest Lags Despite Price Action Above $100,000 — Analytics Firm Suggests Caution

The price action of Bitcoin over the past week was largely redemptive, as the premier cryptocurrency reclaimed its place above the psychological $100,000 mark This recent burst of bullish momentum

Binance Under Fire as US Senators Probe Trump Crypto Ties

Binance’s alleged ties to a Trump-backed crypto venture are igniting Washington, as Senate Democrats demand urgent answers on regulatory rollbacks and covert Treasury dealings Treasury Pressured to

XRP Outperforms on ETF Growth, SEC Resolution, Ripple Acquisition

XRP roared into 2025 as the breakout crypto winner, outpacing rivals with ETF inflows, regulatory breakthroughs, and Ripple’s $125B acquisition turbocharging institutional dominance XRP Leads With

Bitcoin Advanced NVT Sits Above This Critical Threshold — What It Means For Price Action

Following another impressive weekly performance, the price of Bitcoin is now trading above the psychologically relevant $100,000 mark The flagship cryptocurrency jumped as high as $103,800, its