US President’s planned dinner for TRUMP memecoin holders triggers 52% price surge — Will it last? 📈
The TRUMP memecoin experienced a 52% surge after an exclusive dinner with President Trump was announced. The event marks a potential end to the bear market, but concerns about the coin's sustainability linger. The concentration of tokens among founders and Trump's entities raises doubts.
While TRUMP's market cap stands at $2.6 billion, it pales compared to more established projects like Arbitrum, Jupiter, and Maker. Despite being a top-10 trading token in volume, the event alone may not sustain long-term demand. TRUMP's current trading price challenges its market's viability.
Shiba Inu, another memecoin with no real utility, holds a significant market capitalization, leading to speculation on TRUMP's potential value, possibly surpassing $30. Concerns over token unlocks must be addressed for optimism to grow.
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