TRUMP Meme Coin Soars on Korea Blockchain Week Appearance

The meme coin TRUMP has surged by over 20% in a day, reaching $2.75 after an announcement that it will appear at Korea Blockchain Week. This event is likely the catalyst for the price increase, with analysts predicting further gains.

X user Cyriptoman4 believes that if TRUMP stays above its upper resistance level of $3-$3.15, it could reach $10 or more. Crypto Patel also broke out a crucial zone at $2.055 as support, envisioning a parabolic surge to $15.

However, some analysts have expressed caution about the asset's potential for long-term growth. X user Crypto with Haris ₿ warned that TRUMP is primarily driven by speculation and hype, rather than fundamentals, making it a riskier investment. He also noted that its holder distribution shows that the top 10 addresses control over 90% of the token's supply, increasing the risk of price manipulation.