It's been a few days since the private dinner was held for the top investors in TRUMP Coin. Having been hyped up for months, the event saw over 200 of the top investors in the President's controversial meme coin meet under one roof.
While in the short term, the move seems to have benefited Trump and his team, it is worth examining what the numbers look like moving forward. Will TRUMP coin defy the critics and truly become the success its supporters claim, or will it see yet another decline?
When TRUMP Coin first hit the market, it did so with a splash, with hundreds of millions of dollars pouring in in the first few days. This was, of course, due to the passionate support base behind the current US president. At the same time, it benefited from great timing, like many other crypto projects.
2024 and 2025 have been good times for the crypto industry, with more investor enthusiasm than ever before. Many new and existing buyers are looking for the top tokens to put their money into. As crypto writer Tony Frank recently noted, interest in the best crypto to buy has reached a fever pitch, and so, TRUMP coin entered a very enthusiastic market.
But just as quickly as it increased, it saw a massive decline of over 90%. Many declared the token a scam and dead on arrival, but it seems it still has life left in it. A few weeks ago, the Trump team announced that the top investors over a period of time would be invited for a private dinner with the president. This worked, leading to over $100 million being pumped into the token in just a few weeks. The day after the dinner was held, the value of the TRUMP coin had increased by around 13%. But with this dust settled, it is anyone's guess where the token is headed next.
Trump Media & Technology Group (TMTG), which is owned by Trump and held in trust by one of his sons, recently announced that it is looking to raise $3 billion to invest in Bitcoin and other tokens.
While the price rose to $15.79 on the day of the gala, reflecting market support, it has since seen a steady decline. As of this article, the price of TRUMP sits at $12.79, over 83% less than its all-time high of $75.35 from back in January. While the investment news saw the price rise by 0.85%, it has had a muted effect.
While the overall sentiment on CoinMarketCap is bullish at 65%, there is still concern regarding its long-term future. The biggest bumps in TRUMP tokens' price seem to coincide with major events such as the inauguration and the Gala dinner. But even though investors were able to come together, and Trump is investing more in crypto, the token still has a lack of use case. The dinner itself has seen criticism for the allegedly lax security and lacklustre food, which means a second dinner might not receive quite as much attention.
What’s more, an ongoing bill seeks to ban public officers like Trump from releasing meme coins, bringing the legal status of the token into question altogether. At the same time, Trump’s tenures have been nothing if not entertaining. But it can be theorized that as more significant developments take place during his presidency, this will be reflected in the value of the token.
While critics are sceptical about the long-term potential of the TRUMP coin, certain factors may work for or against it. On the one hand, Trump remains the president of the United States. And in typical meme coin fashion, the price might increase whenever something notable happens regarding the subject matter. When Trump makes a controversial statement or has a viral public moment, the token might increase. This is further bolstered by the current stablecoin bill being pushed by the Trump administration and his ever-growing crypto ambitions.
On the other hand, the novelty of the crypto dinner and the token itself might wear off over time. Currently, the community sentiment on CoinMarketCap towards the token is bullish, with 65% optimistic about its outcome. As the year unfolds, it should become clearer whether the TRUMP coin can go the distance or not.
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