Why Official TRUMP crypto is surging — and could rise even higher

Summary ⚈ Official Trump token surged 27.32% despite a recent 40 million token unlock. ⚈ Top 220 holders invited to a private gala hosted by Trump on May 22. ⚈ Investors expect insider insights and networking to drive further TRUMP token demand Official Trump ( TRUMP ) surged by 27.32% in the last 24 hours, and was changing hands at $11.93 at press time on April 24. This move to the upside occurred despite a recent 40 million token unlock , which would have normally put downward pressure on prices. TRUMP price 1-day chart. Source: Finbold Sudden, severe price action is nothing new for the President’s meme coin, which saw $38 billion in trading volume within days of its release, only to see a $2 billion decrease in market capitalization within a single week. However, the cause behind this most recent rally could lead to even higher gains. Namely, on Wednesday, April 23, the official Official Trump website revealed that the president will host a private gala dinner on May 22 — and that the 220 largest TRUMP holders will be invited. Was the Official Trump gala a networking opportunity — or a pump and dump team building event? Understandably, attending an event like this would be a great opportunity for risk-tolerant investors to meet, mingle, and network with other large account holders, some of whom are most likely active traders or industry insiders. Moreover, attendance could provide a behind-the-scenes look at the President’s future plans for his meme coin, which could very well provide an edge for taking advantage of Official Trump’s next high-liquidity event. TRUMP might see increased trading volume and buying pressure going forward, as cryptocurrency traders vie for a spot In a rare instance of transparency, the token’s website also maintains an Official Trump leaderboard linked to market intelligence platform Solscan , allowing investors to see the addresses that currently qualify for attendance. Featured image from Shutterstock The post Why Official TRUMP crypto is surging — and could rise even higher appeared first on Finbold .

Source: Finbold