Over the past months, Donald Trump has created many opportunities for the wealthy people to interact with him. Since 2024, Trump has come-up with various schemes such as his $1 million-per-plate PAC fundraiser in late April or his $1.5 million-per-plate fundraiser a few days later. However, a new milestone was achieved with a new scheme involving his memecoin.
On April 23, 2025, Trump made an announcement of a black-tie-optional dinner at his golf course outside Washington, D.C for top 220 owners of this memecoin cryptocurrency. Moreover, the announcement continued with a private tour of the White House the next day. Adding to this, the top 25 would be invited to a private reception with Trump during the end of this meet.
Following this, the crypto community made a major investment in Trump’s official memecoin. Moreover, investors and marketers are taking advantage of this situation by increasing their hold in this digital asset.
TRUMP Memecoin Dinner With President Donald Trump
As per the latest reports, more than $148 million was spent by investors to win an opportunity to dine with the President of the United States of America this month.
The president promoted the event on social media as the “most EXCLUSIVE INVITATION in the world.” He promised the top 220 holders of the TRUMP memecoin an invite to a gala dinner with the president, while the top 25 will also enjoy “an ultra-exclusive private VIP reception” with the president as well as a “Special VIP Tour.”
On Monday, the GetTrumpMemes.com website posted: “Congratulations, if you’re in the top 220 on the leaderboard… President Trump will see YOU on May 22 at the Gala Dinner in Washington D.C.” The contest’s winners were monitored from the time the contest was announced on April 23, 2025 to the cutoff on May 12, 2025.
Potential Impact On Trump Memeoin Price
Trump’s official memecoin has recorded a jump of over 4% in 24 hours with a trading volume of $1.51 billion, a change of -18.41%. Moreover, this crypto token has surged 21.86% in seven days and has a monthly return of approximately 60%. With a market capitalization of $2.65 billion, it has secured the 43rd position in the market.
The Simple Moving Average (SMA) acts as a major support to the Trump memecoin around the $13 mark in the daily price chart. This indicates an increase in the bullish action for the Solana-based altcoin in the market.
However, the Relative Strength Index (RSI) is on the path of experiencing a barish convergence in the 1D time frame. With its average trendline recording a similar action, this memecoin price could experience significant volatility this week.
Will Trump Coin Go Back Up?
Maintaining the price above the resistance level of $14 could set the stage for Trump coin price to head toward its $17 mark. If the market continues favoring the bulls at that point, this could result in this memecoin heading toward its upper target price of $21.50 this month.
Conversely, if this memecoin encounters another market manipulation, its value could drop down toward its low of $10. Furthermore, if the bearish sentiment intensifies, the Donald Trump memecoin could crash toward its crucial support of $7 soon.
Also Read: Trump Memecoin Issuers Rolls Out Loyalty Program with Rewards
