Trump Memecoin Skyrockets 52% After Dinner Invitation – Is it Sustainable?

Official Trump (TRUMP) memecoin saw a remarkable surge of 52% on April 23 after an exclusive dinner invitation for top holders was announced by US President Donald Trump. This rally coincides with Bitcoin’s rebound above $93,000 and has fueled optimism among some crypto advocates. However, skeptics question the long-term sustainability of this rally. Beyond initial hype, Official Trump remains a disappointment. After soaring past $75 on launch day, its gains were quickly erased as investors realized the token’s concentration of tokens and its short vesting period.