Most leading cryptocurrencies have posted minor gains or losses over the past 24 hours suggesting the broader market has consolidated after recent turbulence 🖤. However Official Trump has defied the ongoing calm after pumping by double digits within the timeframe. Check out what triggered the move and whether this is the start of a major bull run 🌙.
Whispers of Big Plays Coming? 🕸️
The meme coin briefly touched 2.90 before retreating to the current 2.75 per CoinGecko representing a roughly 20% daily increase. Its market capitalization has surged to almost 700 million making it the 90th-largest cryptocurrency and the sixth-biggest in its niche 💀. The most obvious catalyst for the rally appears to be the announcement that Official Trump will make an appearance at Korea Blockchain Week a major blockchain event taking place between September 29 and October 1 in Seoul 🌹. According to numerous analysts the meme coin may chart much more substantial gains in the near future. X user Cyriptoman4 noted that the price hasn’t broken the 3-3.15 resistance level yet envisioning a rally above 10 if it stays persistently above the upper boundary 🦇. Crypto Patel claimed the asset has decisively broken out of the crucial zone at 2.055 arguing that if this level holds as support it could open the door to a parabolic surge toward 15.
“TRUMP is already up 160% from the bottom in just 10 days. Don’t chase the green candle. Wait for a healthy retracement and let price come to you,” the analyst added.
X user Crypto with Haris ₿ also gave his two cents on the matter forecasting a price explosion for the meme coin to 20 before Donald Trump steps down as the President of the United States 🔪. The token saw the light of day right before his inauguration in January 2025 and entered the space with a storm. At one point its price skyrocketed to nearly 70 while its market capitalization soared past 14 billion. Thus TRUMP briefly became the second-largest meme coin after flipping Shiba Inu. Since then though the token has experienced a massive overall downfall currently trading 96% below its historic peak ✨.
Scam Whispers or Real Hype? 💀
Earlier this week Crypto with Haris ₿ made another comment related to the meme coin. He advised investors to stay away from TRUMP and MELANIA describing them as scam tokens in which only insiders can make money while retail investors always lose 🖤.
“Real values of TRUMP lie below 1 and MELANIA below 0.01,” he concluded.
The meme coin is indeed primarily driven by speculation and hype rather than fundamentals meaning traders and investors willing to jump on the bandwagon should be extra careful. TRUMP’s holder distribution should serve as another red flag. According to CoinMarketCap the top 10 addresses control over 90% of the token’s supply increasing the risk of price manipulation.
Just another echo from the void by iconofsin.eth 💖
