Million-dollar dinner with TRUMP: The main character fails, while the "hanger-on" shines at 15.446%

The event "Dinner with TRUMP", which brought together 220 top investors and holders of the Official TRUMP token, was expected to be a boost for the value of this meme coin. However, contrary to expectations, the iconic meeting did not significantly raise the price of TRUMP; rather, it led to a large-scale sell-off, while also paving the way for the unexpected breakout of another name: Trump Dinner (DINNER).

Glamour does not equate to effectiveness

Promoted as a strategic event, "Dinner with TRUMP" has revealed the dark side of some investors' behavior: opportunity over commitment. According to data analyzed by a user named "Dethective" on platform X, nearly 50% of attendees no longer held TRUMP tokens in their wallets at the time of the event. Specifically, 92 out of 220 guests had sold all of their TRUMP tokens before that evening.

After the event, the total circulating amount of TRUMP tokens dropped sharply from 11.3 million to 7 million, reflecting the trend of selling off and decreasing confidence in the meme coin that was once expected to maximize social and political factors.

The main character fails, the "follower" shines instead.

While TRUMP struggles with selling pressure and the backlash from those who once supported him, Trump Dinner (DINNER) – a new token launched just two days before the event – has witnessed an overwhelming increase of 15.446% in just 24 hours. The price of DINNER surged from 0.0000013 USD to 0.00033 USD, bringing the market capitalization to 73 million USD.

This remarkable growth has made DINNER one of the fastest-growing meme coins in recent times. However, analysts still warn that the price increase is based on temporary excitement and may be difficult to sustain without real momentum.

"DINNER is a clear testament to the power of media effects and crowd psychology, but it also highlights the potential risks of trend-based investments," a market expert commented.

DINNER price chart 4 hours | Source: TradingView## TRUMP: Price stagnation, investor sentiment wavering

Despite taking place on a large scale and attracting significant attention from the community, the dinner only caused the price of TRUMP to rise slightly by 11% on the day, before dropping to 13.89 USD at the time of writing – equivalent to a decrease of 5%. This is evidence of the lack of solidity in the upward momentum and reflects the hesitant sentiment of investors.

For more than a month, TRUMP has struggled to maintain the support level at $14.53 but has been unsuccessful. The price chart shows that this coin is trending to fluctuate within a narrow consolidation range, signaling limited upside potential in the short term.

TRUMP price chart 1 day | Source: TradingViewIf selling pressure continues to increase, TRUMP may lose the support level of 14.53 USD and slide down to the area of 13.36 USD. Breaking this level will invalidate the recovery outlook and could lead to a further downward cycle.

"Dinner with TRUMP" is clear evidence that in the volatile world of crypto, not every flashy event delivers the expected results. Instead, it shows the dominance of speculative sentiment and opportunity, where real investors seem to be gradually retreating, making way for short-term players – those who are only interested in temporary hype.

Annie