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Trump Coin Price Jumps Despite Big Sell-Offs
The Official Trump Coin ($TRUMP) saw a big price increase recently, thanks to an announcement about a private dinner with former U.S. President Donald Trump. The dinner is set for May 20, 2025, in Washington, D.C., and will include the top 220 $TRUMP holders. It's meant to reward major supporters with exclusive access to Trump.
After the news, TRUMP’s price jumped 80% over the past week, now trading at $14.78 and reaching a market cap of $2.95 billion. But even with the price going up, blockchain data from Nansen shows that the token had over $869 million in outflows in the last week, while only $96 million came in. Analysts believe this shows that while some people bought in to attend the dinner or trade the hype, many early investors took profits and sold their coins.
Some of the biggest holders—accounts known as ‘SUN’, ‘MeCo’, and ‘CASE’—own large amounts of $TRUMP. There are rumors that people like Elon Musk or Justin Sun might be involved, but nothing has been confirmed. Experts also caution that political-themed meme coins often have short lifespans, as they depend heavily on a leader's popularity. Recent scandals like insider trading linked to the MELIANA coin have also raised concerns about regulation in the space.