Why has TRUMP Token Surged 80%? Discover the secret!

Updated

April 30, 2025

Gambar Why has TRUMP Token Surged 80%? Discover the secret!

Jakarta, Pintu News – After experiencing a sharp decline, the TRUMP token has stolen the market’s attention again with a significant price increase. The token, which was introduced earlier this year, reached a price of over $70 per unit before falling to $7. However, an announcement from President Trump has sparked renewed interest and revived the token’s value. Now, the TRUMP token is showing an impressive recovery with an 80% increase, reaching around $16.

Exclusive Dinner Event as a Trigger

The announcement of an exclusive dinner event for the top 220 TRUMP token holders has created a huge wave in market activity. The event not only appealed to large investors but also triggered participation from smaller token holders. On April 23, nearly 10,000 digital wallets made TRUMP token transactions, a 200% increase from the previous day.

Trading volume jumped to around $2.3 billion, making it the busiest day of the month. This high trading volume was dominated by holders of tokens worth less than $100,000. The percentage of wallets making small transfers increased from 46% to 75% after the dinner announcement. Transactions under $1,000 even accounted for 47.2% of all active wallets, signaling a significant increase in small investors.

Also Read: XRP Surges to $2.32: Can it Survive Crypto Whale Selling Pressure?

Comparison with Other Memecoins and Future Prospects

Activity around the TRUMP token is not just limited to on-chain transactions. The token has also recorded the highest daily trading volume on centralized exchanges since mid-February, surpassing other popular memecoins such as Dogecoin . On Wednesday, TRUMP tokens accounted for nearly 50% of the total trading volume of memecoins on centralized exchanges.

Although the initial enthusiasm has died down, there is potential for renewed activity ahead of the eligibility deadline for dinner on May 12. The set rules state that only the 220 highest average holders between April 23 and May 12 will be eligible, which is likely to trigger increased trading and fund movement among holders.

The Crypto Market in General and Bitcoin’s Dominance

The rise in interest in memecoins like the TRUMP token comes amidst a broader bullish trend in the crypto market, characterized by the rise of Bitcoin . Bitcoin’s dominance remains high, reminiscent of the first half of 2021 when the market began to shift towards small-cap assets, often referred to as “altcoin season”.

However, the current market landscape shows a different trajectory, with Bitcoin maintaining its strength. The options market has shown significant confidence in Bitcoin’s stability, especially with the notable increase in volume surrounding the $100,000 strike options set to expire on May 30. Current estimates suggest a 37% probability that Bitcoin will be trading above $100,000 by the end of May, a promising prospect given recent trading levels near $74,000.

Memecoin Market Dynamics

Currently, the TRUMP token is trading at $14.29, having decreased by 1.1% in the 24-hour time frame. Although there has been a decline, the market dynamics triggered by exclusive events and the continued interest from investors suggest that memecoins still have a certain appeal in the eyes of market participants.

Also Read: Is Bitcoin Miner’s Sales Hold a Good Sign?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.