Trump's dinner triggers a surge in TRU Token prices, possibly indicating deeper considerations behind it.

The "TRUMP DINNER" hosted by Trump will be held on May 22 in Washington. The event will invite the first 220 TRUMP token holders, with the top 25 enjoying a private VIP reception with Trump and a special VIP tour of the White House the following day. Trump will attend the dinner as a guest and will not be fundraising.

This news brings to mind the recent $300 million TRUMP unlocking event: On April 18, TRUMP unlocked 40 million Tokens, worth about $300 million, accounting for 20% of the circulating supply. The unlocking of the Tokens followed by a banquet to "treat" major investors raises the question of whether this is a "thank you" banquet or a "Honeymoon Feast" to lure people in.

After the dinner news was announced, the price of TRUMP rose rapidly, reaching a high of $14.37. As of the time of writing, TRUMP is quoted at $12.37, an increase of over 33%.

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Movements of the Whales

After the dinner news was released, the market showed significant fluctuations. An investor spent 5 million USDC to purchase 407,467 TRUMP at a price of $12.27 each. Shortly after, this investor sold all TRUMP for a total of $5.73 million within half an hour, making a profit of $731,800.

Another long-term TRUMP liquidity provider removed liquidity from two wallets, receiving 211,977 TRUMP (2.76 million USD) and 18,376 SOL (2.76 million USD). Both wallets are now among the top 220 holders, with a chance to receive a dinner invitation. The investor purchased 332,424 TRUMP (802,000 USD) at a price of 2.41 USD on the day of listing and increased liquidity. At the peak price, these tokens were worth over 24 million USD.

However, not all investors are so lucky. According to analysis, a TRUMP token investor cleared their position about 20 hours before the positive news was released, making only $483,000 in profit. If they had held their position until after the news was released, their theoretical profit could have reached $4.28 million.

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The Future Trends of TRUMP Token

From a long-term performance perspective, the TRU token has been disappointing. After soaring to over $75 on its listing day, its gains quickly receded as investors noticed the token’s high concentration and short vesting period. After its launch on January 17, the token’s market capitalization briefly reached about $15 billion, but by January 20, it had plummeted by more than 50%. Considering that 80% of the supply was allocated to founders and entities controlled by Trump, whether the current market cap of $2.6 billion is reasonable is open to debate.

Despite the fact that Trump's event has boosted short-term trading volume, the long-term trend of the token price is unlikely to experience substantial changes due to a single dinner. The current surge is a result of market speculation and Trump's "selling sentiment". In the long run, unless TRUMP can alleviate investors' concerns about token unlocking, it will be difficult to reverse its long-standing lackluster performance.

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Trump's NFT Layout

It is worth noting that the official terms from TRUMP state that if the dinner is canceled or Trump fails to attend, eligible TRUMP holders will receive a limited edition NFT as a substitute. This means that Trump is not only focused on TRUMP Meme coin but is also planning in the NFT market.

In fact, Trump has long been involved in the NFT space. On May 8, 2024, he hosted an NFT dinner at his Mar-a-Lago resort in Palm Beach, Florida. Buyers who purchased at least 47 Trump "MugShot Edition" NFTs were invited to attend. This series consists of 100,000 NFTs, of which 99,000 are available for purchase at a unit price of $99.

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Trump's issuance of NFTs can be traced back to December 2022, when 45,000 cards were issued, including images of him as a superhero, astronaut, and western sheriff. These NFTs were minted on Polygon, with the standard edition cards priced at $99. Purchasing 45 cards grants one NFT dinner ticket. According to data, the 45,000 NFTs sold out in about 12 hours.

On April 19, 2023, the Trump team launched the second series of digital trading cards, maintaining a price of $99 per card, and sold out within 5 hours of release, generating $4.6 million in revenue.

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Conclusion

Trump seems to be simultaneously laying out the TRUMP Meme coin and NFT market. Whether these projects can maintain their "greatness" in the long term, the price surge and exposure in the short term have already met expectations. Investors should remain rational when participating in related projects and fully assess the risks.