The TRUMP token experienced a significant price rally on May 21, 2025, climbing approximately 10.4% in 24 hours to trade near $14.40. This surge was accompanied by a record trading volume of around $1.8 to $1.9 billion, indicating strong buying interest. The catalyst for this rally is an exclusive invitation-only VIP dinner hosted by former President Trump on May 22, 2025. The event will be held at Trump National Golf Club in Virginia and limited to the top 220 holders of TRUMP tokens, based on a purchase leaderboard.
Among these holders, the top 25 will receive additional perks, including a private reception with Trump and a guided Washington D.C. tour. The announcement of the dinner in April caused an earlier price spike of more than 50%, with a slight correction afterward. Market participants have since positioned themselves to qualify for the event, with the entry threshold reported at roughly 4,196 TRUMP tokens, or approximately $55,000, and some leading wallets holding hundreds of thousands to millions of tokens. Trump-affiliated entities control 80% of the token supply, highlighting tight project management.
Billionaire crypto investor Justin Sun, founder of Tron and Trump crypto adviser, publicly confirmed he is the largest holder and will attend the event, enhancing investor confidence. Technical analysis reveals bullish momentum with TRUMP bouncing off the 20-day exponential moving average (EMA) at $12.99, supported by strong directional movement index readings. If momentum holds, TRUMP could rally towards $19.30; however, a drop below $12.99 EMA may lead to a retracement between $10 and $11.
Earlier on the same day, analysts noted TRUMP faced resistance near $15 but showed signs of short-term bullishness. The token’s Point of Control (PoC) at $13 acted as dynamic support with resistance levels identified around $14.6. Trading volumes were nearly average but buying pressure dominated, indicating further upside potential. Liquidity clusters near $14 and $14.44 suggest possible short squeezes could fuel gains. Trading strategies recommended cautious profit-taking near $14.5 and $16 levels.