Official Trump Coin: Price Surge Despite Heavy Outflows
The Official Trump Coin ($TRUMP ) has seen a sharp rise recently, fueled by the announcement of a private dinner with former U.S. President Donald Trump. The dinner, scheduled for May 20, 2025, in Washington, D.C., targets the top 220 $TRUMP holders, offering exclusive access as a reward.
Following the announcement, TRUMP's price rose by 80% over the week, trading at $14.78 with a market cap of $2.95 billion. However, blockchain analytics firm Nansen reported that despite the price rally, the token faced over $869 million in outflows in the past seven days, with inflows only at $96 million. Analysts suggest that while some new investors entered to secure event eligibility or speculate on volatility, many previous holders took profits and exited.
Top holders, including users labeled ‘SUN’, ‘MeCo’, and ‘CASE’, control significant portions of the supply, with speculation linking names like Elon Musk and Justin Sun to the project — though no confirmation exists. Experts warn that political memecoins often have short life spans tied to leadership popularity, and recent controversies, such as insider trading allegations against the MELIANA coin, further fuel regulatory concerns.