- Justin Sun’s $18.7M $TRUMP stake secures his top spot ahead of Trump’s gala, boosting TRX visibility and short-term momentum.
- TRX holds bullish structure above key EMAs with $0.2673 resistance in focus as gala-driven hype fuels investor sentiment.
- EOS and MELANIA face mixed signals as political buyers emerge and gala proximity adds speculative pressure across altcoins.
Justin Sun is set to attend Donald Trump’s exclusive gala dinner this Thursday, confirming his status as the top $TRUMP token holder. The Tron founder revealed his U.S. arrival with a photo in front of the Hollywood sign. This move comes just as Trump’s crypto outreach intensifies and Sun’s legal battle with the SEC enters a new phase.
Sun’s crypto wallet holds $18.7 million in $TRUMP, placing him at the top of Trump’s leaderboard. Consequently, his attendance guarantees access to both the dinner and VIP reception. Sun’s wallet, created by HTX exchange, ties directly to his name. Hence, his presence strengthens the growing alignment between Trump’s campaign and crypto influencers.
TRX Faces Resistance but Holds Bullish Setup
TRX trades at $0.2640 with minor gains. The token recently tested the 100-day EMA support near $0.2628. After finding support at $0.2435 on May 5, TRX climbed steadily. It broke through key resistance levels at $0.2505 and $0.2562.
Source: Wise Crypto
However, the token peaked at $0.2800 before slipping below $0.2673. Price action now forms a tight consolidation range between $0.2618 and $0.2640. Additionally, all EMAs remain aligned, suggesting potential for a bullish breakout. Resistance at $0.2673 and $0.2791 are critical. If hype continues, $TRX could surge past $0.267 toward the $0.280 range again.
EOS and MELANIA Show Mixed Momentum
EOS saw major inflows, including a $3 million purchase by WLFI, hinting at strategic political moves. It trades at $0.7565, struggling below all EMAs. The token had surged to $0.9793 but faced a sharp reversal. Support now lies at $0.7541 with resistance at $0.8052 and $0.8694. Moreover, trading volume remains modest. A move below support could test $0.6639.
Source: Wise Crypto
Meanwhile, MELANIA trades at $0.3205, showing quiet but volatile behavior. The First Lady meme coin spiked 50% to $0.4871 on May 14. However, a strong reversal followed. MELANIA now struggles below all EMAs with resistance at $0.3627 and support at $0.3166.
