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Trump's Electronic Dinner Explodes the Value of Token $TRUMP, But Will It Be Sustainable?
In a dramatic clash between politics, finance, and digital currency, former President Donald Trump will host an exclusive dinner tonight at his golf club near Washington, DC. The gathering includes over 200 top investors in the meme coin TRUMP. These individuals are currently holding or have previously held a significant amount of tokens. This event marks an important moment not only for the short-term momentum of cryptocurrency but also for its long-term credibility. Investors are preparing for the launch of a new product related to TRUMP during dinner, a move that could significantly impact the future of the token. Price Increase, Hype Increase TRU has surged recently, rising 9.59% to $15.80. This momentum follows a steady increase from the previous day's level of $14.50. Notably, trading volume skyrocketed to $2.36 billion, up over 35%, signaling renewed interest from both retail and institutional investors. The market capitalization has also increased to $3.16 billion, although only about 20% of the maximum supply of the token is currently in circulation. This tight supply structure adds an extra layer of volatility, making the potential for significant price fluctuations higher.
The coin is currently intersecting with the key resistance at $15.80, with the psychological level of $16.00 just above. On the negative side, support looks solid at $14.80, an area where the price was consolidating before the latest breakout. While the rally remains strong, the Relative Strength Index (RSI) at 65.19 indicating that overbuying is imminent. The Power of Investors and the Role of Justin Sun Among the attendees at the dinner was Justin Sun, the founder of the TRON blockchain, who recently revealed that he is a leading holder of the TRUMP token. His participation not only brings prestige but also introduces the global community of TRON to the potential of the TRUMP token. Sun will also participate in a private tour of the White House, a symbolic gesture that combines enthusiasm for digital assets with political influence. In addition, Sun's presence may suggest future collaboration between the TRUMP ecosystem and TRON. Such a partnership could expand utility or introduce cross-chain functionalities, further boosting investor enthusiasm. Outlook and Year-End Forecast Despite the current hype, long-term forecasts paint a worrying picture. Analysts at Coincdex estimate that TRUMP could close the year 2025 in the range of $5.40 to $6.08. This forecast indicates a potential decrease of 63% from the current price. However, for short-term traders, there is still room to profit if they exit before the anticipated pullback.