TRUMP Coin (TRUMP) price predictions are mixed in the short-term, but a major event on May 22 could trigger a massive rally in the meme coin’s price.
Last around $11 per token, the TRUMP coin price has stabilized just above its 50DMA at $10.50 following a volatile few weeks.
Towards the end of April, the Trump coin price doubled from its earlier monthly lows to briefly break back above $16, following US President Trump’s announcement that the top 220 holders of the meme coin would be invited to a White House Gala dinner event.
This announcement triggered a major surge in demand for TRUMP, but has also received an intense amount of criticism.
Democrat Senator Jon Ossoff recently claimed, in announcing a Gala event for the top 220 TRUMP holders, the President is “selling access”, which could be an impeachable offense.
Meanwhile, fellow Democrat Senator and arch crypto skeptic Elizabeth Warren has been vocal in criticizing another Trump family crypto endeavor, the launch of the USD1 stablecoin via their DeFi project World Liberty Financial.
In wake of a controversy filled few weeks, its no wonder that the TRUMP coin price has slipped back from late April highs in the $16 area to around $11.
The next sources of volatility for TRUMP are likely to be related to broader macro themes, such as tomorrow’s FOMC meeting.
However, big volatility could be coming on May 22. Could the TRUMP coin price 10x?
Why May 22 Could Trigger a 10x Rally (Or Total Collapse)
May 22’s TRUMP diner at the White House has the potential to spark significant TRUMP coin price volatility.
If the event gets a lot of coverage – perhaps President Trump attends and makes newsworthy comments, or even talks policy – this could trigger FOMO, producing a major TRUMP coin price rally similar to that seen in April.
Could TRUMP rally all the way up to $100? Well, if TRUMP coin is suddenly seen as the best vehicle through which to secure access to the President, maybe.
After all, that would broaden the coin’s appeal beyond just retail investors, but to business and potentially world leaders who want to get into Trump’s ear.
The TRUMP coin price rose above $70 in January following its launch, so nothing should be ruled out.
That said, an even bigger risk if a post-event price dump. Trump’s attendance isn’t guaranteed—attendees may get an NFT instead—potentially triggering a sell-off if expectations are unmet.
In simpler terms, the Gala dinner could end up being a “sell the news” event. Against the backdrop of a struggling altcoin market, this seems very plausible.
The macro backdrop remains difficult for risk assets like meme coins, with the US economy facing upside risks to inflation and downside risks to growth, and the Fed currently not eager to make any major monetary policy shifts as it monitors developments.
And with the TRUMP meme coin receiving so much backlash from the Democrats right now, who are using it as part of their excuse to hold up legitimate stablecoin legislation, risks seem tilted to the downside.
Investors should expect a lot of two way volatility in the TRUMP coin price in the weeks ahead.
Better Alternative to Consider – Solaxy (SOLX)
Solaxy (SOLX), a Layer-2 scaling solution for Solana, has raised over $34 million in its presale, with tokens priced at $0.0017.
Designed to address Solana’s network congestion and high transaction failure rates—evident during the TRUMP coin launch in January—Solaxy processes transactions off-chain, enhancing speed and reliability.
Its interoperability with Ethereum facilitates cross-chain liquidity, and a smart contract audit by Coinsult confirms its security.
In contrast, TRUMP coin, currently at $11, faces volatility due to political controversy surrounding its May 22 gala and an impending 800 million token unlock, risking price dilution. Solaxy’s focus on infrastructure and scalability may offer a more stable investment compared to TRUMP’s reliance on speculative sentiment, making it a noteworthy consideration for investors.
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