Trump Coin ($TRUMP) Spikes 73% After “Fateful Dinner” – But Will the Surge Last Until July?
In a shocking development for the crypto community, Trump Coin ($TRUMP) – a meme coin built on the Solana blockchain, has skyrocketed more than 73% in the past 24 hours. The main driver came from a viral X (former Twitter) report that former President Donald Trump had a private dinner with a group of prominent crypto investors, sparking speculation that he might secretly endorse $TRUMP as a new symbol in his upcoming campaign.
Hype or strategy?
The mysterious dinner was not publicly recorded, but a series of posts from influencers like @CryptoPatriot and @MAGAchain claimed to have “inside sources” saying that Trump was “interested in owning a digital asset bearing his name.”
Just a few hours later, $TRUMP's trading volume spiked, pushing the price from $0.0023 to nearly $0.004, the highest level since the coin's launch. The hashtag #TrumpCoinToTheMoon quickly climbed to the top of the trending list, creating a strong wave of FOMO on decentralized exchanges such as Raydium and Jupiter.
The gateway to opportunity... or disaster?
However, behind the impressive growth is a ghost called "Token Unlock". According to the token distribution schedule from the official website, about 25% of the $TRUMP supply - equivalent to more than 250 million tokens - will be unlocked in July 2025.
Famous on-chain analyst @TokenTracker warned:
Without a wise distribution strategy, this amount of tokens can become a huge selling pressure. Those investing in the current FOMO phase should be cautious.
In addition, the majority of the unlocked tokens will go to the development team and early investors who are holding multiple times the profits. Their “cash out” will create a domino effect that will decrease the price.
Technical Analysis: FOMO Peak or Pre-Season Bounce?
$TRUMP’s 4H chart on TradingView shows that a bull flag pattern is forming, but the buying volume is starting to weaken. The RSI is approaching the overbought level, indicating that a correction is very likely if there is no additional positive news.
Neutral technical analysts believe that the strong resistance zone at $0.0042, if broken with high volume, could push $TRUMP to the psychological price zone of $0.005 – however, if it fails, the price could quickly fall to the support of $0.0026.
Is Trump really “behind”?
There has been no official confirmation from Donald Trump or his team about his connection to Trump Coin. However, history shows that he has supported his own NFT in late 2022 and early 2023, so the possibility of him getting closer to the digital asset is not out of the question.
However, if $TRUMP continues to spread as an unofficial part of the campaign, it could become a powerful media weapon – but also one fraught with legal and speculative risks.
Conclusion:
$TRUMP is walking a fine line between “meme fever” and “liquidity trap.” Investors should be alert and closely monitor developments in July – because when the unlock wave begins, the market could witness a real “battle” between political beliefs and financial realities.
