💥Can the sudden rise in TRUMP memecoin price be sustained or is it temporary?
Due to high token density and limited use case, experts are skeptical about the sustainability of the rally in TRUMP token price.
The official Trump (TRUMP) token rose by 52% on April 23 after the announcement of a special dinner for the highest token holders with U.S. President Donald Trump. For some crypto advocates, this signals the end of the bear market, especially since Bitcoin has risen above $93,000 again. However, others express doubts about how sustainable the TRUMP memecoin rally is.
Looking solely at performance, the official Trump (TRUMP) memecoin has been disappointing. After rising above $75 on the launch day, the high density of tokens and the short-term vesting period caught the attention of investors, and gains quickly evaporated.
At first glance, considering that 80% of the supply is allocated to founders and organizations controlled by Trump, it is difficult to justify TRUMP's current market cap of $2.6 billion.
#DinnerWithTrump #USChinaTensions #Write2Earn #Binance #bitcoin
