Trump-themed TRUMP token soars 70% as holders anticipate exclusive gala with the former president

TRUMP, the memecoin inspired by President Donald Trump, has been making headlines again—this time for soaring more than 70% in a matter of days.

The memecoin, TRUMP, has been making headlines again, with the token surging more than 70% in a matter of days to reach the $15 mark. The move came after the top 220 holders were invited to a private gala with Trump on May 22.

The announcement acted as a strong catalyst, pushing TRUMP past key resistance levels. At the time of writing, the token was trading at around $15, with a 24-hour gain of 16.1% and a massive 45% spike in trading volume.

However, on-chain data is flashing signals that the hype might soon meet a reality check.

Exchanges See a Surge in TRUMP Inflows

While the market seems bullish with the token’s price remaining above $14, not all investors are holding tight. Spot inflow metrics revealed that $28.51 million worth of TRUMP has flowed into exchanges in just the past two days.

Historically, large outflows have often preceded price rallies, while massive inflows have usually foreshadowed price corrections, as they may suggest that some whales or early holders are preparing to take profits or reduce their positions.

This silent transfer of tokens to exchanges could hint at a classic “sell the news” setup, especially if price momentum begins to stall.

Despite the looming risk of a pullback, the TRUMP derivatives market paints a picture of strong bullish conviction. Long positions currently sit at $32.55 million, far outweighing short positions at just $6.36 million.

The long/short ratio has risen to 1.08, and Open Interest has grown by 15%, indicating a surge in leveraged long exposure. Most of this activity has clustered between the $13.09 support and $15.19 resistance levels.

Critical Resistance Zone Could Define TRUMP Token Next Move

Technically speaking, $15.19 has emerged as a make-or-break zone for the token. It was previously a strong support before being flipped into resistance during a period of broader market weakness tied to tariff concerns.

If the token can close a daily candle above $15.50, it could trigger a 35% surge toward the next target at $21.25. Conversely, failure to break past this resistance could lead to a consolidation phase or even a reversal.

The memecoin’s ability to sustain this rally will largely depend on whether hype translates into real buying pressure or fizzles out once the gala headlines fade.

This post was originally published on Benzinga

News data source: kdj.com

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