TLDR
- TRUMP coin has surged 12.40% in the past 24 hours, becoming one of the market’s top performers
- Open Interest increased by 28.42% to $724.48 million with a Long-to-Short Ratio of 1.0141
- President Trump will host an exclusive dinner for the top 220 TRUMP token holders on May 22
- Justin Sun confirmed he is the largest TRUMP holder and will attend the dinner
- 73.64% of investors expect TRUMP price to continue rallying, up from 64.71% previously
TRUMP coin has experienced a major price surge in the past 24 hours, recording a gain of 12.40% and placing it among the top gainers in the cryptocurrency market. This price increase has caught the attention of traders and investors alike, with market sentiment shifting toward a bullish outlook.
The price jump coincides with heightened publicity around an exclusive event – a VIP dinner hosted by President Trump for the largest TRUMP token holders. This invitation-only event is scheduled for May 22 at Trump National Golf Club outside Washington, D.C.
Only the top 220 TRUMP holders will receive invitations to this “intimate, black-tie-optional dinner.” The 25 largest wallets among those 220 will get special VIP perks, including a private reception with Trump and a guided D.C. tour.
This exclusive reward scheme has been moving markets since its announcement in April, when it initially caused the TRUMP token price to spike more than 50%. As the deadline approaches, holders have been positioning themselves on the leaderboard.
According to reports, the threshold to qualify for the dinner was at least about 4,196 TRUMP tokens, worth roughly $55,000 at the time. The eventual leaders held hundreds of thousands or even millions of coins each.
Market Indicators Show Strong Bullish Sentiment
The derivatives market has shown a major surge in Open Interest (OI) over the past 24 hours, climbing 28.42% to $724.48 million as traders open more positions on TRUMP.
The Long-to-Short Ratio currently stands at 1.0141, confirming that buyers are dominating the futures market. This is further supported by the OI-Weighted Funding Rate, which has maintained a steady upward trend since May 18, marking four consecutive days of bullish momentum.
A positive OI Weighted Funding Rate indicates that derivatives traders have consistently opened more buying contracts than selling contracts. Meanwhile, spot traders are also shifting toward a bullish stance, with Exchange Netflow showing a significant decline in selling pressure.
Traders have purchased $5.84 million worth of TRUMP from the market, following a previous day’s sell-off of $11.80 million. This suggests that profit-taking temporarily dominated, but overall, TRUMP remains bullish.
Justin Sun’s Involvement Boosts Confidence
Part of the recent price surge stems from billionaire crypto investor Justin Sun’s social media activity. On May 20, Sun, founder of Tron and a Trump crypto adviser, confirmed via his X (formerly Twitter) account that he is the largest TRUMP holder and will attend Thursday’s dinner.
He thanked Trump and GetTrumpMemes for the invite, calling himself the president’s “TOP fan” and expressing excitement about connecting with everyone to discuss crypto and the future of the industry.
On-chain data confirm Sun’s outsized stake, with blockchain records showing his wallet controlled over $21 million worth of TRUMP as of writing. Sun’s entry into the leaderboard race is widely seen as a confidence boost for smaller investors.
From a technical analysis perspective, TRUMP has broken out of a recent trading range and shows bullish signals. The token has bounced off its 20-day exponential moving average (EMA) at about $12.99, using that level as dynamic support.
The TRUMP token price is currently trading at around $14.40, comfortably above this 20-day EMA, suggesting the short-term trend has turned positive. The Directional Movement Index (DMI) on the daily chart shows the positive directional index (+DI) clearly above the negative index (–DI), with the gap widening.
If this momentum holds, the TRUMP token price could rally further. Specifically, a sustained move above the 20-day EMA might drive the price toward roughly $19.3.
Confidence among investors remains high, with the number of investors anticipating a TRUMP rally jumping from 64.71% to 73.64% in the last 24 hours. If this outlook persists, spot traders will likely continue adding inflows while futures traders maintain their bullish positions.
President Trump’s affiliates, through CIC Digital LLC and Fight Fight Fight LLC, control 80% of the token supply, underscoring how tightly the project is managed by Trump’s inner circle.
The current price of TRUMP is $14.40, with daily trading volume reaching $1.8-$1.9 billion, suggesting strong buying interest. CoinGecko data notes daily volume is up 146% from the day prior.
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