Speculation about TRUMP and the upcoming exclusive gala dinner and White House tour on May 22nd is generating new interest in several altcoins.
While TRUMP remains the primary focus, other narrative-based tokens are also gaining momentum ahead of the event. The three notable altcoins are TRON (TRX), EOS tokens, and the official Melania meme coin (MELANIA).
TRON (TRX)
TRON's founder Justin Sun is set to attend the upcoming private dinner for top TRUMP meme coin holders, confirming previous speculation about his participation.
According to Arkham Intelligence, a cold wallet connected to HTX, an exchange associated with Sun, is currently ranking first on the TRUMP leaderboard, making him the largest known token holder.
While the wallet's owner has not been officially confirmed, Sun's verified attendance is strengthening interest in the TRUMP token and TRON (TRX), generating high interest across the cryptocurrency space.
This attention could benefit TRX's price movement in the short term. As momentum builds, TRX could break through the $0.267 resistance, with the next upward target at $0.279.
However, if the current support at $0.261 fails, the token could drop to $0.256.
A stronger downtrend could push it down to $0.250, potentially reaching $0.243.
EOS
World Liberty Financial (WLFI) caused controversy in the cryptocurrency community by purchasing $3 million worth of EOS. This purchase corresponds to 3.64 million EOS tokens and has been linked to WLFI's politically connected cryptocurrency involvement, especially related to President Trump.
EOS rose by over 9% following the acquisition, but skepticism remains due to a recent incident where WLFI sold ETH at a local low point earlier this year, incurring a $125 million loss.
Despite the noise, there is no confirmed evidence of misconduct in EOS trading, but the company's association with Trump continues to draw strong attention.
If the upcoming TRUMP coin dinner, which WLFI is expected to attend, boosts related altcoins, EOS could benefit from the momentum.
A strong movement could push EOS to test resistances at $0.805 and $0.869. If the uptrend continues, it could rise further to $0.916 and $0.979.
However, if confidence wanes and EOS loses support at $0.754, it could quickly drop to $0.663.
Official Melania Meme Coin (MELANIA)
The meme coin MELANIA, inspired by First Lady Melania Trump, was launched shortly after the TRUMP meme coin and remains closely tied to its narrative.
While the token has significantly dropped from its all-time high, it continues to benefit from the political meme coin trend. As Donald Trump's gala dinner for top TRUMP holders approaches, MELANIA may receive renewed attention.
Though not directly participating in the event, it could gain momentum from the attention surrounding the TRUMP ecosystem.
MELANIA has shown clear volatility, experiencing a 50% surge in recent weeks, followed by a 23.4% decline over the past seven days.
If the downtrend continues, the token could test major supports at $0.316 and $0.306, and could record a new all-time low if it falls below $0.30.
However, if sentiment changes and momentum returns, MELANIA could rebound towards the $0.362 resistance. A breakthrough there could open doors to further increases to $0.427, and potentially $0.487.
