$TRUMP
🚨 Crypto Price Prediction Ahead of May 22 Trump Dinner 🚨
Trump’s May 22 dinner event coincides with a bullish week in the crypto market as Bitcoin eyes its $108,000 ATH. However, as analysts give their bullish predictions on BTC’s price, altcoins are struggling as capital rotates towards the largest crypto.
However, the dinner event may draw attention towards key altcoins, albeit criticism towards the moves that Trump has made in regards to crypto since taking office on January 20.
Anti-crypto Senator Cynthia Lummis, who recently opposed the GENIUS stablecoin act, has based Trump’s meme coin foray. In a social media post, Warren claimed that a Chinese company had poured $300M into Trump’s meme coin.
Meanwhile, on-chain data shows that Tron founder, Justin Sun, is the largest TRUMP meme coin holder with $1.3M worth of altcoins. This has sparked speculation that he may be an attendee at the dinner. The other top holders are as seen below:
Democrat Senator Chris Murphy noted that nearly all the attendees to Trump’s dinner are not US crypto investors but foreigners who have invested in the altcoin. He said,
“This week, Trump will host a secret dinner with the top buyers of his meme coin. Reports suggest that the majority of the attendees will be foreigners. That’s outrageous.”
Nevertheless, the criticism has not affected the outlook of three US-made altcoins that are bound to explode ahead of May 22.