In a bold and controversial move blending politics and crypto, President Donald Trump announced a gala dinner for the top 220 holders of Official Trump [TRUMP] and an exclusive White House tour for the top 25 holders. This announcement triggered a 60% price surge, sparking widespread speculation. After all, few incentives rival the allure of dinner and conversation with the President. Whether it’s fandom or FOMO, one thing’s clear: this isn’t your average campaign fundraiser. The President revealed that the top 220 TRUMP holders as of the 12th of May would receive invitations to an exclusive Gala Dinner, while the top 25 would be treated to a private White House tour and reception. The news set off a buying frenzy, sending TRUMP surging as high as 65%.
Supporters believe this is more than just a publicity stunt. They see it as a sign of Trump’s ongoing crypto-friendly stance. He has reportedly rewarded blockchain firms that donated to his inauguration, and claims that Trump once tipped off attendees of a past crypto dinner about the TRUMP coin’s launch, only to get louder with each passing day. Interestingly, with a $307 million token unlock now delayed by 90 days, many see the stage being set for a calculated pump… or an insider’s dream. Just two months ago, TRUMP was scraping its all-time low at $11.07, weighed down by macroeconomic doubts and market fatigue. Fast-forward to the 23rd of April, and the coin saw a vertical explosion, spiking to $13.60 before correcting to $11.80, still a solid 60% leap from recent stagnation.
Trading volumes skyrocketed, and the RSI hit 70 before easing to 62.11, suggesting overbought conditions cooled off slightly. OBV surged as well, hinting at renewed investor interest. Post-announcement, whales have been diving deep into TRUMP. One address moved a jaw-dropping $5 million USDC to scoop up over 407,000 TRUMP at $12.27, while another transaction revealed a single wallet receiving $2.8 million worth of tokens in one go. These moves are no coincidence—they’re deliberate and calculated responses to Trump’s dinner invite announcement. The on-chain activity reveals intense FOMO among wealthy investors, driven by hype and potential political connections. The takeaway is clear: major players are vying for a spot at that exclusive dinner.
