$TRUMP
đ¨ Trump Coin Price in Focus Ahead of Dinner đ¨
The Trump Coin price will be in the spotlight in the next few days as investors watch for the inaugural presidential dinner with President Donald Trump.
This dinner will be highly controversial for the 220 biggest holders. Data indicate that Justin Sun, the founder of Tron, is the biggest holder of the Trump token, with 1.432 million coins valued at almost $20 million. He is followed by other anonymous users, many of whom are foreigners.
The Trump token price surged as investors vied to attend dinner with one of the worldâs most powerful people.Â
However, there is a risk that the coin will crash after the meeting, as some of these holders sell to take profits. This situation is known as âbuying the rumor and selling the newsâ and is very common in the market.
Data indicate that some people attending the dinner have begun selling their tokens. For example, CASE, the third invitee, holds just 400,000 TRUMP coins valued at $5.2 million, down from the time-weighted holdings.Â
Similarly, Ivo, ranked ninth, now holds 102,088 coins, down from a time-weighted amount of 238,457.Â
Therefore, fundamentally, the Trump Coin price is likely to crash after the May 22 event. This drop will continue what started on April 24.
