The Official Trump price has gained by 3% in the past 24 hours, with the meme token’s rise to $8.75 helping to repair some of the losses sustained after the US bombed nuclear sites in Iran.
TRUMP remains down by 13% in a week and by 32% in the last 30 days, while the crypto market as a whole has suffered a 6.9% decline over the latter period.
The coin’s losses over the past couple of days come after a wallet linked to its team sent 3.5 million TRUMP (or roughly $32.8 million) to Binance.
The possibility of further escalation in the Middle East could send TRUMP lower in the near term, although the coin’s association with President Trump, who is no stranger to promoting the token, should help it recover in the medium and longer term.
Official Trump Price Prediction As Whale Moves $32.8 Million in $TRUMP to Binance
Posting on X, tracker Lookonchain revealed that the TRUMP team has sent just over $150 million in the token to various exchanges since April 28, with each transfer preceding a drop in the Official Trump price.
The previous large transfer, worth $47 million on June 4, saw the token drop from roughly $11.20 to $9.56 the next day, a 14.6% decline.
Such transfers play into criticisms that TRUMP serves mainly to enrich the coin’s founders, accusations which became more heated in the buildup to a dinner for the token’s biggest holders.
And if we look at TRUMP’s chart, we see that it has declined steeply since peaking in January, with the coin actually down by 88% since this peak.
Yet because of recent declines, it has reached a strongly oversold and undervalued position, implying that it could bounce back in the near term.
For instance, its relative strength index (purple) has touched 30 and may be about to bottom out, while its MACD (orange, blue) also looks ready to recover.
Of course, things will depend on the direction of the conflict in Iran, which could escalate further if the latter retaliates against US airstrikes, which is a distinct possibility.
As of writing, it appears that oil tankers have performed u-turns in the Strait of Hormuz, which Iran may block, something that could plunge the global economy into further chaos.
If so, the Official Trump price will likely drop further in the coming days, although the medium-term picture looks more encouraging, if only because of Donald Trump’s willingness to promote his meme token.
It could therefore return to $10 by the end of July and $15 by the end of August, before ending the year at around $25.
Layer-Two Network Solaxy Launches After Raising $58.5 Million in Presale: Biggest New Alt of 2025?
If some traders remain a little uncertain as to the future trajectory of TRUMP, there are numerous promising alternatives to consider.
The market has recently seen the arrival of a wave of new coins that not only show strong potential upside, but also come with solid fundamentals.
Probably the most interesting of these is Solaxy (SOLX), a layer-two Solana network that has raised a whopping $58.5 million in its presale, which closed earlier today.
This is a hugely impressive figure, and it’s a testament to the excitement Solaxy has been able to generate via its roadmap
As an L2, Solaxy will provide Solana users with faster confirmation times and much lower transaction fees, while also improving reliability and stability.
It will enable instant bridging between itself and Solana, with the Solaxy team planning to widen compatibility to other chains over time.
Solaxy will also deploy its own decentralized exchange and token launchpad not long after it goes live, helping it to become an important network for DeFi and meme token trading.
Its native token, SOLX, will be necessary to pay for transaction fees, while holders will also be able to stake it.
It could therefore experience huge demand, with traders now able to buy it via Raydium or Uniswap.
Interested investors can check out its official website for further info.
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