- TRUMP increased by 29% to $12.21 after a dinner invite with Trump himself was offered to the top 220 token holders.
- Whale bought $5M in TRUMP post-news; another trader exited early, missing $4.5M in potential profit.
- TRUMP’s volume surged by 519% to $5.2B; RSI near 70.50 signals strong momentum with risk of a near-term correction.
TRUMP surged over 29% to reach $12.21 after news broke of a dinner invitation with Donald Trump himself. The top 220 holders of the TRUMP token are set to receive an exclusive invite.
This announcement led to rapid market activity, as several major purchases and exits occurred within hours. One trader reportedly sold 630,339 tokens for $5.48 million just before the news.
Another investor swiftly bought $5 million worth of TRUMP tokens shortly after the announcement. At the same time, the project team confirmed an extended lock-up on previously scheduled token unlocks. This news added further bullish pressure to the asset’s price and overall market sentiment.
Exclusive dinner, major trades and whale action
Following the dinner announcement, notable trading activity unfolded. According to analyst Marty, the token experienced a strong upward movement. Whale buyers swiftly entered the market, with at least one purchasing 407,467 tokens at $12.27 per token.
This amounted to a $5 million position taken after the news went public. Henry, another analyst, confirmed that someone clearly valued the exclusive dinner, judging by the high volume purchase.
However, a more dramatic move was recorded just before the dinner news. A trader exited their entire position of 630,339 TRUMP tokens for $5.48 million. According to Henry, this trade occurred about 30 minutes before the news, costing the trader up to $4.5 million in potential profit.
Meanwhile, liquidity movements were also noted. Lookonchain reported that a liquidity provider removed tokens from two wallets, receiving 211,977 TRUMP and 18,376 SOL. These wallets are now among the top 220 holders and therefore eligible for the dinner invite.
Volume and Liquidity Shifts
On April 24, at press time, TRUMP trading at $12.13, up by 26.09% in the past 24 hours. Weekly growth reached 52.04%, while the monthly increase is at 3.06%. The asset’s market cap climbed to $2.36 billion, a 26.43% rise. Trading volume hit $5.2 billion, a 519.12% jump. The volume-to-market-cap ratio exceeded 220%, indicating increased trading activity.
Onchain Lens also shared that a whale spent $3.58 million to buy 278,196 TRUMP tokens at $12.89. The buyer later deposited these tokens on OKX. This large inflow further contributed to price acceleration and market engagement.
Possible Correction or New Breakout
Technical indicators show strong momentum but also early signs of a cooldown. The RSI dropped from 75.70 to 70.50, now just above the overbought level.
Meanwhile, the MACD shows a bullish crossover, though the histogram is beginning to plateau. TRUMP’s price action saw a sharp move from $8.00 to $15.90, followed by a retracement near $12.00.
Support is near $10.50, with resistance at $13.00 and $15.90. For April 25, if buying pressure increases, TRUMP could retest the $13.50–$14.20 zone. However, a failure to hold $11.50 may lead to a drop toward $10.20–$9.80.
