- $TRUMP surged from $9 to $16 before retreating to $11.49 as traders reacted to extreme volatility and profit-taking patterns.
- A leaderboard-driven competition offering dinner with Trump fuels community hype and rewards long-term, strategic holders.
- Despite a 27.91% pullback, low entry barriers and time-weighted incentives continue to draw new participants into the $TRUMP token.
$TRUMP, the meme-inspired token tied to the Trump brand, recently experienced a whirlwind of price action. The token’s rapid ascent and correction caught the attention of traders across crypto social platforms. After surging from $9.00 to a $16.00 high, $TRUMP now trades near $11.49, reflecting a swift 27.91% decline from its recent peak. Despite the dip, excitement around the “Dinner with President Trump” competition continues to fuel community engagement.
Wild Swings Mark the Chart
From early to mid-March, $TRUMP ranged between $11.00 and $12.50. Then, in late March, a clear downtrend formed. Prices declined steadily, bottoming out at $7.00 in early April. Consequently, the token began consolidating and established a base around the $7.00 to $8.00 range.
Mid-April sparked a shift in momentum. Buyers stepped in aggressively, pushing $TRUMP from $9.00 to a peak near $16.00. Hence, this explosive move triggered a frenzy of trading activity, with volume skyrocketing. The token broke well above the upper Bollinger Band, confirming extreme market volatility.
Additionally, key moving averages were broken both during the downturn and the rally. This emphasized the strength of market sentiment shifts. However, the rally quickly gave way to a correction. A series of red candles signaled profit-taking, dragging the price back to $11.49.
Leaderboard Drives Speculative Interest
The “Dinner with President Trump” campaign has ignited further interest in $TRUMP. Contrary to rumors, participants do not need $300K to qualify. The team clarified that leaderboard rankings, not wallet size on a block explorer, determine eligibility.
The leaderboard shows user HAR at rank #220 with just 35.3 $TRUMP tokens. This demonstrates low entry barriers. Moreover, top-ranked user Sun currently holds over 1.17 million $TRUMP, worth around $14 million.
Besides, the competition rewards time-weighted holdings, not just total volume. Hence, long-term participants have a strategic edge. Additionally, tokens from initial unlocks remain locked for an extra 90 days, limiting the new supply.
