Trump Token on a Rollercoaster as Trump Wines and Dines Big Investors

Exclusive Dinner at Trump's Golf Club Sparks Protests and Market Frenzy

Hang onto your hats, crypto fans! The Official Trump token is riding a wild wave as Donald Trump throws a lavish dinner for its top dogs. The token's trading at $14.47 right now, down 1.9% in the last day, but it's still up a whopping 53% over the past month. Despite the recent surge, it's still 80% off its January high of $73.43. Buckle up, it's gonna be a bumpy ride!

On May 22, word got out that Trump rolled out the red carpet for 220 big shots at his golf club in Sterling, Virginia. These weren't just any investors—they were the cream of the crop, the top TRUMP token holders from April 23 to May 12, 2025, according to a leaderboard. Talk about exclusive!

These high rollers coughed up a cool $148 million in memecoins just to snag a seat at the table. The top 25 wallets alone dropped about $111 million. Meanwhile, outside the venue, over 100 protesters were waving signs shouting "America is not for sale" and "Stop crypto corruption." The tension was palpable!

Inside, the VIP treatment was off the charts. The top four investors walked away with custom Trump Tourbillon watches, each worth a jaw-dropping $100,000. And who was the biggest spender? None other than billionaire Justin Sun, whose wallet was stuffed with $18.5 million in TRUMP.

Sun's not just a big spender; he's also an adviser to Trump-linked World Liberty Financial, which has raked in about $500 million. He even shared videos of his grand entrance into the ballroom and a previous visit to the White House Executive Office Building. Meanwhile, the SEC, which hit pause on its fraud case against Sun back in February, is keeping tight-lipped.

Trump didn't hold back during his speech, promising to bring crypto innovation roaring back to the U.S. and blasting the Biden administration for targeting the industry. But here's the kicker—more than half of the 220 guests were from overseas, raising eyebrows among Democrats about foreign influence and sparking calls for the full guest list.

The market's been buzzing since the event. Daily volume shot up 24.5% to $2.63 billion, while derivatives volume climbed 17.3% to $3.9 billion. Open interest hit $760.6 million, showing traders are going all in on leveraged positions.

On the tech side, TRUMP's still above key moving averages from 10 to 100 days, painting a pretty bullish picture. A bullish MACD crossover hints at ongoing buying interest, and the relative strength index at 58.66 suggests neutral momentum with room to grow.

But hold your horses—momentum indicators are all over the place, so traders are treading carefully. Resistance is hanging tough between $15.10 and $15.50. Break above that, and we could see a rally to $17.30. But if it can't hold above $13.20 and $12.60, brace for a drop back to $11.30 support.

So, what's next for TRUMP? It all hinges on whether the post-dinner buzz keeps the party going or fizzles out under the weight of political scrutiny and profit-taking. Stay tuned, folks—it's gonna be one hell of a show!