Speculation around TRUMP and its upcoming exclusive Gala Dinner and White House tour on May 22 for the top 220 holders is fueling renewed interest in several altcoins.
While TRUMP remains the main focus, other narrative-driven tokens are also gaining momentum ahead of the event. Three altcoins to watch in the lead-up are TRON (TRX), EOS token, and the Official Melania Meme (MELANIA).
Tron (TRX)
Justin Sun, founder of Tron, will attend President Trump’s upcoming private dinner for top TRUMP meme coin holders, confirming earlier speculation around his involvement.
According to Arkham Intelligence, a cold wallet tied to HTX, the exchange associated with Sun, currently tops the TRUMP leaderboard, making him the largest known holder of the token.
While the identity behind the wallet hasn’t been officially confirmed, Sun’s confirmed presence at the event has intensified attention on the TRUMP token and Tron (TRX), fueling buzz across the crypto space.
This spotlight could benefit TRX’s price action in the near term. If momentum builds, TRX may break through the resistance at $0.267, with the next upside target at $0.279.
However, if the current support at $0.261 fails, the token could slip to $0.256.
A stronger downtrend could push it further toward $0.250 and potentially $0.243.
EOS
World Liberty Financial (WLFI) sparked controversy after purchasing $3 million worth of EOS, raising eyebrows across the crypto community. The purchase—equivalent to 3.64 million EOS tokens—was linked to WLFI’s growing involvement in politically affiliated crypto plays, especially those connected to President Trump.
While EOS has climbed more than 9% since the acquisition, skepticism remains due to WLFI’s recent $125 million loss from allegedly selling ETH at a local bottom earlier this year.
Despite the noise, there’s no confirmed evidence of wrongdoing in the EOS deal, though the firm’s ties to Trump and its track record continue to draw intense scrutiny.
If President Trump’s upcoming TRUMP coin dinner—where WLFI is expected to attend—boosts affiliated altcoins, EOS could benefit from the momentum.
A strong move may lead EOS to test resistance at $0.805 and $0.869. If bullish sentiment continues, it could rise further to $0.916 and $0.979.
But if confidence fades and EOS loses support at $0.754, it could drop quickly to $0.663.
Official Melania Meme (MELANIA)
MELANIA, the meme coin inspired by First Lady Melania Trump, launched just after TRUMP meme coin and remains closely tied to its narrative.
The token has dropped significantly from its all-time high but still benefits from the political meme coin trend. With Donald Trump’s Gala Dinner for top TRUMP holders approaching, MELANIA could see renewed interest.
Though not directly involved in the event, it may gain momentum from spillover attention tied to the TRUMP ecosystem.
Over the past weeks, MELANIA experienced a sharp rally of 50% before sliding 23.4% in the last seven days, showing clear volatility.
If the downtrend continues, the token could test key supports at $0.316 and $0.306, with a potential drop below $0.30 that would mark new all-time lows.
However, if sentiment shifts and momentum returns, MELANIA could rebound toward resistance at $0.362. A breakout there may open the door for further gains to $0.427 and possibly $0.487 if the rally strengthens.
eToro
eToro
eToro
eToro
YouHodler
Arkham
Wirex
NEXO
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
