- ‘Boop’ swaps $300K FARTCOIN to secure top 25 TRUMP holder spot for VIP perks.
- TRUMP token sees 5.92% price increase, but low volume suggests potential pullback.
- Key resistance at $13.50, RSI nearing overbought signals possible market correction.
In an unexpected turn of events, one of the top holders of the TRUMP token, identified as ‘boop’, has recently made a notable move. According to Arkham swapping $300K of FARTCOIN into TRUMP, ‘boop’ seems determined to maintain their place among the top 25 holders of the meme coin. This move highlights the intense competition for a coveted spot at the “Unforgettable Gala Dinner with the President” on May 22.
Top holders of TRUMP will gain access to exclusive perks, including a private reception with Donald Trump himself and a VIP tour at his members-only club. However, there’s a catch: only the top 25 holders can earn these special privileges, adding fuel to the already heated battle for supremacy in the TRUMP token community.
One of the top TRUMP holders, ‘boop’, just swapped $300K of FARTCOIN into TRUMP, so that he doesn’t fall out of the top 25 attendees for the Trump Dinner.
— Arkham (@arkham) April 25, 2025
Top holders for the TRUMP Dinner will be calculated based upon time-weighted holdings of TRUMP.
‘boop’ previously turned… pic.twitter.com/U1eYD01f8s
Price Movement and Market Sentiment
TRUMP has been on an interesting journey lately. Currently priced at $13.17, the token has experienced a notable 5.92% increase on the day. The past 24 hours have seen its price fluctuate between $12.42 and $13.50, indicating some volatility. Initially, the price was on a decline, hovering below the $12.50 mark.
However, midway through the session, it made a sharp upward turn, flipping the trend bullish as it broke above this key level. By the end of the session, TRUMP peaked at $13.50 before pulling back slightly to its current price.
This shift in price has drawn attention from traders and investors alike, but caution is advised. The 24-hour trading volume has dropped by almost 67%, which suggests that the upward movement may lack strong volume confirmation.
In other words, this rally could be fragile. Additionally, with the token’s current market cap of $2.63 billion, there is significant liquidity, but low volume could mean volatility.
Key Levels to Watch
Investors are closely watching certain price levels for potential breakthroughs or pullbacks. Support zones at $12.40 to $12.50 have proven reliable, with the price repeatedly bouncing back when reaching these areas.
On the upside, $13.50 stands as a significant resistance zone, where the recent rally lost momentum and encountered selling pressure. If TRUMP manages to break through this level, there could be potential for further price discovery, as no clear resistance lies beyond it.
Despite bullish momentum indicated by the MACD, where the blue line is above the orange Signal Line, the token is approaching the overbought zone on the RSI, which currently sits at 68.36.
Hence, while buying pressure remains strong, investors should remain cautious as prices tend to pull back when the RSI crosses above 70. This might signal that a correction could be on the horizon.
