In a dramatic clash of politics, finance, and digital currency, former President Donald Trump will host an exclusive dinner tonight at his golf club near Washington, DC. The gathering includes over 200 top investors in the TRUMP meme coin. These individuals currently hold or have previously held a significant amount of tokens.
This event marks an important moment not only for the short-term dynamics of cryptocurrency but also for its long-term credibility. Investors are preparing for the launch of a new product related to TRUMP during dinner, a move that could significantly impact the future of the token.
Price Surge, Escalating Hype
The TRUMP coin has surged recently, climbing 9.59% to $15.80. This momentum follows a steady rise from the earlier $14.50 earlier in the day. Notably, trading volume skyrocketed to $2.36 billion, up more than 35%, signaling renewed interest from both retail and institutional investors.
Market capitalization has also risen to $3.16 billion, although only about 20% of the maximum token supply is currently in circulation. This tight supply structure adds an extra layer of volatility, making the likelihood of strong price fluctuations higher.
This coin is currently intersecting with a critical resistance level at $15.80, with a psychological level of $16.00 just above. On the downside, support appears solid at $14.80, a range where the price has consolidated before the latest breakout. While the upward momentum remains strong, the Relative Strength Index (RSI) at 65.19 indicates an overbought condition is imminent.
The Power of the Investor and the Role of Justin Sun
Among the dinner attendees is Justin Sun, the founder of the TRON blockchain, who recently revealed that he is a top holder of TRUMP tokens. His participation not only adds prestige but also introduces TRON's global community to the potential of the TRUMP token. Sun will also participate in a private tour of the White House, a symbolic gesture that combines enthusiasm for digital assets with political influence.
Additionally, Sun's presence may hint at future collaboration between the TRUMP ecosystem and TRON. Such a partnership could expand utility or introduce cross-chain functionalities, further boosting investor enthusiasm.
Year-End Outlook and Forecast
Despite the current hype, long-term forecasts paint a concerning picture. Coincdex analysts estimate that TRUMP could close out 2025 in the range of $5.40 to $6.08. This forecast suggests a potential decline of 63% from the current price. However, for short-term traders, there is still room to profit if they exit before predicting a pullback.