“Dinner with Trump” ignites #TRUMP memecoin: Price surges 60%, on-chain activity triples
The event "Dinner with Trump" – where 220 top TRUMP token holders will be invited to a private dinner with the former US President – has created a frenzy in the market. The price of the TRUMP token skyrocketed by over 60% in just a few days, while on-chain trading volume increased by up to 200%.
Analysis shows that most transactions come from small wallets (under $100,000), indicating that a wave of retail speculation is pushing this token into a short-term fomo cycle. Large wallets (exchange, market maker) appear to be quite cautious, primarily maintaining liquidity without participating in fomo.
This surge once again reflects the reality that the crypto market is still overly dependent on the shilling activities of celebrities or political figures. The narrative "Trump" is being fully exploited but seems to only last for a few brief days.
