Trump Coin (TRUMP) is at a crossroads of fate. Since its launch earlier this year, this meme coin has quickly attracted significant attention due to political topics. In just a few months, it surged from a few dollars at launch to $70, before retreating to around $11 now. After experiencing a rollercoaster-like market, all investors are focused on one time point — May 22.
On this day, the White House will host a special 'Trump Dinner', which is seen as a potential trigger for the next big market movement of Trump Coin. The question is whether this will be a 'catalyst' for market growth or a high-level exit in a 'Sell the News' manner.
Trump Coin: From the Peak of Speculation to the Vortex of Controversy
Looking back to the end of April, when Trump announced that he would invite 220 TRUMP holders to a White House dinner, market sentiment ignited instantly, and the price briefly soared above $16. However, the good times did not last long; as public pressure increased, this surge quickly faded, and the price fell back to around $11.
Especially with the involvement of Democratic figures, this 'meme coin + politics' experiment has become increasingly perplexing. Senator Jon Ossoff publicly accused this dinner of being a 'sale of access' and even hinted at impeachment risks. Another skeptical lawmaker, Elizabeth Warren, further criticized the Trump family's association with cryptocurrencies, calling it 'a new means of blood transfusion for the family through crypto.'
In such a public opinion context, it is not surprising that the price of Trump Coin has been weak over the past few weeks.
May 22: Celebration or 'Sell the News'?
The market generally expects that the White House dinner on May 22 will be the most critical catalyst for Trump Coin in the short term.
Optimists believe that if this dinner receives extensive media coverage, especially if Trump himself attends and makes any 'newsworthy' statements (even if it's just mentioning Trump Coin again), it could trigger a new round of FOMO, pushing the price up quickly, even challenging the previous high of $70.
A more radical view suggests that if the market sees 'holding Trump Coin' as a 'ticket' to the power center, then in the future, not only retail investors but also business people and political lobbyists who want to 'voice' their opinions may rush to buy, making a price breakthrough of $100 possible.
However, conversely, the risks are equally evident. If Trump ultimately does not attend the dinner, or if the dinner does not generate any new information as expected, the market may view this event as a typical 'Sell the News' incident. By then, funds that originally anticipated a 'celebration' may choose to collectively flee after the news breaks, leading to a rapid price drop.
Don't forget — as May 22 approaches, the market is also facing another significant variable: the unlocking of **800 million tokens.** The supply shock from the unlocking will collide hard with market demand, and any slight disturbance could become the 'last straw' that breaks the price.
Macroeconomic Environment: Headwinds for Meme Coins
The overall background is not optimistic either. The U.S. economy is currently under the dual pressure of inflation risks and sluggish growth, and the Federal Reserve has not released any clear signals of a policy shift. Such an environment is already unfriendly to risk assets, and meme coins, as a 'high-risk variety' among risk assets, are even more likely to become victims of market risk aversion.
With the recent continuous crackdown by the Democrats on the Trump family's cryptocurrency layout, the regulatory environment for Trump Coin may also tighten in the future. This means that even if there is space for speculation in the short term, the risks of long-term holding have not disappeared.
Alternative Solution: Solaxy (SOLX)'s 'Infrastructure Opportunity'
Compared to the 'event-driven' speculative nature of Trump Coin, the market is also looking for assets that possess more infrastructural logic and technological empowerment. For example, Solaxy (SOLX), as a second-layer expansion solution in the Solana ecosystem, focuses on solving network congestion and transaction failure issues and has already raised over $34 million in presales.
Solaxy not only enhances network efficiency through off-chain transactions but also achieves interoperability with Ethereum, boosting cross-chain liquidity. Its smart contracts have also undergone CoSult security audits. Currently, the presale price of Solaxy tokens is only $0.0017, which is lower than the $11 Trump coin, offering a lower entry barrier and diversified risks, while also having the potential for long-term infrastructure development.
Especially in January when TRUMP tokens caused congestion on the Solana network, the market's 'pain points' regarding the need for scalability were fully evident, providing a clear market basis for Solaxy's technological positioning.
Conclusion
On May 22, Trump Coin will face a crucial battle. This day could either become the starting point for a new round of skyrocketing prices or the endpoint of the 'Sell the News' trend. Regardless, risks and opportunities coexist, and traders need to assess their risk tolerance in advance and prepare profit-taking and risk control plans.
In such a market, having a comprehensive data analysis and on-chain monitoring tool becomes particularly important. Mlion.ai can not only track large fund movements and changes in on-chain data but also help investors analyze the emotions and potential impacts behind events in real time, making your trading not a 'gamble', but an evidence-based 'calculation'.
Disclaimer: The above content is for information sharing only and does not constitute any investment advice! Investment carries risks; please proceed with caution.