Trump Coin is back in the spotlight after Donald Trump announced an exclusive dinner event for the top 220 holders, but analysts are warning of a potential sell-off.
The endorsement triggered a 75% flash rally, positioning TRUMP as an altcoin front-runner —yet it remains widely sidelined in the “best crypto to buy” conversation.
Pseudonymous X trader SCryptoTrader flagged looming inflationary pressures, citing last week’s $400 million token unlock as a red flag.
They warned that the rally “could be a trap to lure FOMO buyers before insiders dump,” suggesting the dinner event may double as a well-timed exit for early whales.
The project’s developers control 80% of the token’s supply, while the identities of most large holders remain unknown.
TRUMP Price Analysis: Is Trump Coin About to Rug?
While Trump Coin has fallen 15% since its Wednesday peak, technical indicators display characteristics of a correction rather than a sell-off.
The Relative Strength Index (RSI) signals buyer exhaustion, making a sharp U-turn after soaring past the overbought threshold at 70—often a precursor to short-term corrections.
The rally is now more closely aligned with the projected breakout target of a descending channel forming since early March, topping out at the $13.70 resistance.
The rally also affirms the breakout path of a symmetrical triangle pattern forming since early February.
If support at $11.25 holds, TRUMP could regain momentum and target a move toward the triangle’s projected top at $20—marking a potential 65% upside from current levels.
New ICO Introduces the Latest Self-Custody Solutions
After the multi-month freefall across the altcoin market, presale investing has become a popular strategy—offering a hedge against downturns and a shot at above-average returns.
One project catching early attention is Best Wallet ($BEST), bridging the gap between Web2 familiarity and Web3 functionality with its upcoming “Best Card.”
The Best Card takes the place of the traditional debit card, allowing seamless real-world transactions using stablecoins anywhere that Mastercard is accepted through Best Wallet.
The in-app “Upcoming Tokens” feature, which shows emerging crypto projects, has particularly caught investors’ attention with a reputation for providing high-gain trading alpha.
With almost $11.2 million raised in its ongoing presale, the project is already gaining strong momentum—potentially credited to its 127% APY on staking that rewards early investors.
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p class=”mobile-only”>You can keep up with Best Wallet on X, Discord, and Telegram, or join the presale on the Best Wallet website.
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