Key Insights:
- TRUMP coin demand just experienced its biggest single-day bullish surge since April 2025.
- President Trump is set to hold another dinner event with top TRUMP coin holders at Mar-a-Lago on 25 April.
- A look at how the previous dinner influenced the cryptocurrency’s value and whether the current momentum could continue.
The official TRUMP coin just experienced its biggest single-day gain in six months. This performance erased the meme coin’s losses over the last 4 weeks.
More importantly, the TRUMP crypto achieved this recovery because of an event that has played out similarly in the past. But before we explore the reason behind the rally, let’s look at how the TRUMP meme coin price behaved.
The TRUMP crypto bounced from as low as $2.91 on Friday morning to $4.49 during the same session. An impressive 53%, signaling aggressive demand. However, it retreated to a $3.82 price at press time after some profit-taking.
TRUMP coin was not yet oversold despite its massive spike. This also meant that there was room for more upside despite signs of profit-taking.
TRUMP Coin Responds to New Exclusive Dinner for Holders
The TRUMP meme coin’s impressive run-up in the last 24 hours was not a random event. It was the market’s reaction to an upcoming event that is reportedly happening again soon.
The team behind the meme coin has reportedly announced that another dinner event with POTUS. The announcement confirmed that the second dinner with the president will take place at Mar-a-Lago on 25 April.
According to the announcement, the Gala luncheon will reportedly host 297 attendees. This means the top holders of the meme coin will get to attend. This may explain the rush to accumulate the TRUMP meme coins.
The first dinner event with TRUMP coin holders took place on 22 May last year. The meme coin also experienced a significant price uptick on the same day, and in the few days before the first dinner.
In fact, the cryptocurrency achieved a large uptick a month before the event. This suggests that the TRUMP coin could still achieve more upside in the days leading up to the gala next month.
However, it was worth noting that the TRUMP coin price cooled substantially immediately after the event. This means a retracement may occur after the second Trump gala.
A bearish outcome after the event is not guaranteed, given that the market has been bearish over the last few months. The meme coin may extend its rally if the overall market conditions allow.
Whale Order book Flashes Green
The announcement had a significant positive impact on TRUMP coin demand over the last 24 hours. Whales, which usually have a massive impact on price action, shifted tune in favor of the bulls in the last 24 hours.
Whales collectively acquired about $886,000 worth of TRUMP coins in the last 24 hours across Binance, Coinbase, and OKX spot segments. A small amount in the grand scheme of things, but the derivatives market is where they really took advantage.
Whales executed almost $250 million worth of long positions on Binance and OKX derivatives during the same session. The bulk of them were on Binance futures ($165.88 million) while OKX whales had $83.33 million worth of net longs.
Whales leaning bullish suggests that they anticipated a rally after the announcement. While anticipation of a bounce from the news may have fueled demand, some investors believe Trump’s declining popularity may limit it.
Unfortunately, there is no way to tell whether it is speculation driving demand or accumulation by those who want to attend. Ultimately, the performance in the days leading up to the event may offer a clearer picture.