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TRUMP Memecoin Jumps 70% Amid Exclusive Gala Hype, But Questions Remain on Longevity
TRUMP Memecoin Jumps 70% Amid Exclusive Gala Hype, But Questions Remain on Longevity
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[TRADE_PLUGIN]TRUMPUSDT,TRUMPUSDT[/TRADE_PLUGIN]
TRUMP News -
The TRUMP memecoin skyrocketed to $15 after news broke about a VIP event for top holders, though on-chain analytics hint at potential instability. The 70% price spike aligned with $28.51 million flowing into exchanges—often a sign of impending sell-offs.
Leveraged trades between $13.09 and $15.19 point to speculative frenzy. The surge is fueled by hype around a May 22nd private gathering with former President Trump for the coin’s 220 biggest holders, but key metrics suggest weak fundamentals beneath the rally.
At press time, TRUMP held steady at $15 with a 16.10% daily gain, but the sustainability of this pump is dubious given its reliance on event-driven speculation rather than genuine ecosystem growth.
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