TRUMP Coin at Critical Juncture: May 22 Gala Event Could Spark 10x Rally or Major Selloff
TRUMP Coin (TRUMP) has found stability around $11 following recent price swings, currently trading slightly above its 50-day moving average at $10.50. The meme coin’s valuation continues to mirror political developments tied to its namesake.
In late April, the token surged 100% to $16 after President Trump announced a White House reception for top TRUMP holders. This move drew scrutiny from Senator Jon Ossoff, who characterized it as ’monetizing political access’ through cryptocurrency incentives.
The market’s focus now shifts to May 22, when the gala event could either demonstrate TRUMP’s political relevance or reveal its speculative nature. Traders remain split on whether this represents a potential moonshot opportunity or fundamental risk for the politically-charged asset.
