How Much Will Trump's Memecoin Rise Before the Gala Dinner?

In recent months, Donald Trump has created many opportunities for wealthy individuals to interact with him. Starting in 2024, Trump has introduced various programs such as a $1 million PAC fundraising program for each license plate by the end of April, or a $1.5 million fundraising program for each license plate a few days later. However, a new milestone has been achieved with a new program related to his memecoin. On April 23, 2025, Trump announced an optional black tie dinner at his golf course outside Washington, DC for 220 holders of this top memecoin cryptocurrency. Furthermore, the announcement continued with a private tour of the White House the following day. Additionally, 25 top individuals will be invited to a private reception with Trump at the end of this meeting. After that, the cryptocurrency community made a significant investment in Trump's official memecoin. Furthermore, investors and marketers are capitalizing on this situation by increasing their holdings in this digital asset. Dinner with President Donald Trump on TRUMP Memecoin According to the latest report, investors have spent more than 148 million dollars to secure a chance to have dinner with the President of the United States this month. The president promoted this event on social media as the "most exclusive invitation in the world." He promised that 220 holders of the top TRUMP memecoin will be invited to a grand dinner with the president, while the 25 highest holders will also enjoy a "highly exclusive private VIP reception" with the president as well as a "special VIP tour." On Monday, the website GetTrumpMemes.com posted: "Congratulations, if you are in the top 220 on the leaderboard... President Trump will meet YOU on May 22 at the Gala Dinner in Washington DC" The winners of the contest have been tracked from the moment the contest was announced on April 23, 2025 until the cutoff date of May 12, 2025. Potential impact on the price of memecoin of Trump Trump's official memecoin has recorded an increase of over 4% in 24 hours with a trading volume of 1.51 billion dollars, changing -18.41%. Furthermore, this cryptocurrency token has increased by 21.86% in seven days and has a monthly profit of around 60%. With a market capitalization of 2.65 billion dollars, it has secured the 43rd position in the market.

The simple moving average (SMA) serves as the main support for the Trump memecoin around the $13 mark on the daily price chart. This indicates an increase in bullish action for the Solana-based altcoin in the market. However, the Relative Strength Index (RSI) is on the verge of experiencing strong convergence in the 1-day timeframe. With the average trend line recording similar action, the price of this memecoin could experience significant volatility this week. Does the Trump coin increase in value again? Maintaining the price above the resistance level of 14 dollars could set the stage for the Trump coin price to aim for the 17 dollar mark. If the market continues to support the buyers at that time, this could lead this memecoin to target a higher price level of 21.50 dollars this month. On the contrary, if this memecoin faces other market manipulation, its value could drop to a low of 10 dollars. Furthermore, if pessimistic sentiment increases, the Donald Trump memecoin may soon plunge to the important support level of 7 dollars.