The OFFICIAL TRUMP meme coin price surged 28% after Donald Trump announced that the top 220 holders would be invited to an exclusive in-person dinner with him.
Is it time to buy $TRUMP as hopeful dinner guests race for the token, or will a lower-market-capitalization meme coin, such as MIND of Pepe, present a better opportunity?
Trump Price Rallies on Private Dinner Announcement
The $TRUMP price rallied on the news, gaining over 50% in a one-day window at its peak. Currently, it’s at a 28% premium from one day ago.
The $TRUMP price has been lagging lately and remains at an 83% discount from its January all-time high (ATH), currently trading at $11.25.
However, it appears that Trump’s latest move is a bid to increase demand for the token, which could help bolster the price but would also enrich him and his team.
The project has faced criticism because 80% of the tokens are allocated to the founders or entities controlled by Trump. This token allocation massively favors insiders over the community.
At its current valuation, insiders are sitting on over $9 billion worth of tokens. This could prove a strong deterrent to attracting new investors.
In comparison, hundreds of other projects are valued less than $TRUMP’s $2.4 billion market cap and have fairer token distributions and real utility. Therefore, some analysts are sceptical about whether the $TRUMP rally is sustainable.
Trader Warns of Potential Cool Off
At its peak, Trump saw gains of well over 50% on Wednesday, but it has already begun to pull back.
However, some traders believe this will only worsen in the weeks ahead.
Crypto Claws labelled the announcement a “desperate attempt to gain relevance,” nodding to the project’s sinking momentum in recent months. According to the analyst, $TRUMP could fall below $5.
$TRUMP COIN: A JOKE OF EPIC PROPORTIONS?
Trump's memecoin surges +65% after promising dinner with the top 220 holders?
This is embarrassing for America. A desperate attempt to cling to relevance? Expect $TRUMP to plummet under $5 soon. Don't fall for celebrity manipulation!… pic.twitter.com/J1nUo0WD1P
— Crypto Claws (@cryptoclaws_) April 24, 2025
On the other hand, Satalink says that $TRUMP has plenty of room for growth and that there is “not a lot of resistance” in the way of the price hitting $30.
$TRUMP to $30s — There's not a lot of resistance.
The standing bids are point to the moon! pic.twitter.com/DmcqjHqAdl
— Satalink (@_satalink) April 23, 2025
Ultimately, both camps have a valid point. Trump’s attempt at utility appears inorganic, and the fact that his entities control 80% goes against crypto’s core tenets.
But on the other hand, it’s the first time a president has launched and actively promoted his own meme coin, so it could prove a costly mistake to write it off. Let’s not forget that zero-utility meme coin Dogecoin reached a $70 billion market cap with a founding team that publicly rebuked the project.
OFFICIAL TRUMP is retracing right now, and $10 is the next key area of interest. But with such a standout use case, there’s certainly potential for $TRUMP to recover this cycle, potentially hitting Satalink’s $30 target.
However, the predominant factor behind $TRUMP’s potential is the broader market’s performance, and if that goes well, analysts believe other meme coins could offer significantly more gains.
One example is the new AI agent meme coin MIND of Pepe, which is tipped for 100x returns once it lists on the open market.
Expert Says Viral Presale MIND of Pepe Can 100X
MIND of Pepe is a new AI agent that aims to deliver trading opportunities for its community. It will do this in multiple ways, starting by scanning the market to anticipate emerging trends.
It will monitor blockchain and social media data to spot breaking patterns, such as emerging narratives or potential market reversals.
But suppose the agent notices a growing trend and a gap in the market, then it can launch its own crypto project to fill it. $MIND holders will get insider access to token launches, providing them with the best possible prices.
The agent can also interact with dApps and even post on social media.
It’s a powerful upgrade of anything else on the market, and presale investors have a chance to buy in on the ground floor.
As to how far it could go, ClayBro believes it has 100x potential.
The presale has raised over $8 million so far, showing that many investors also believe $MIND has strong room for growth.
However, the presale price will increase throughout the ICO, so potential investors shouldn’t wait to get involved.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
