After Trump's dinner went viral, $TRUMP halved to 13.5, is there a second wave in the short term?
In mid-May, $TRUMP topped the meme sector, not relying on technology or narrative, but solely on Trump himself making appearances. The presidential dinner, media bombardment, Sun Yuchen holding coins, and mainstream commentary all followed suit, causing the coin to peak at 74 dollars.
Within just a few days, the coin price has halved to 13.5 dollars, seemingly indicating the hype has passed, but it may not be that simple. The nature of meme markets is that they are driven by emotion; the first wave relies on “events,” while the second wave relies on “imagination.” Currently, $TRUMP still possesses the basic conditions to write the second wave: 1) Trump has not denied the legality of the token itself, but instead stated it is “held by a family trust,” indirectly maintaining its legitimacy; 2) The upcoming time nodes are dense, with potential topics for catalysis such as the Republican National Convention, Trump’s birthday in June, and the election campaign period; 3) The coin-holding community is beginning to form a meme culture, and the probability of irrational diffusion still exists.
Although short-term trading carries great risks, for those who are adept at judging the rhythm of events, the gamble from 13.5 to 20 dollars still holds potential. Market panic and opportunities always coexist.
