On May 29, 2025, the 4-hour Trump/USDT diagram in Binance created a descending sewer pattern.
Trump's $ Trump Coin evening dinner solves congress examinations from 140 million US
Trump/USDT 4-hour diagram
Source: tradingview.com
A descending sewer pattern is formed when the value between two parallel lines which might be at the underside moves, whereby the signaling of the bear pulse continues to signal.
If this pattern confirms, Trump Coin's price can drop by the present level of $ 12.05 to around $ 8.65.
The table shows that Trump token recently dropped from the zone 16 US dollars and formed the upper limit of the canal with several lower heights. In the meantime, the support was formed near the extent of $ 11.90, creating the lower limit. This consolidation followed a severe decline, which began on May twenty second.
The price is currently under the 50-period exponential moving average (EMA), which is $ 12.87. The EMA gives probably the most recent price campaign more weight and infrequently acts as a dynamic resistance. This positioning increases the continued downward trend.
The volume stays low during consolidation, which is common before an outbreak or breakthrough. The relative strength index (RSI) is 33.98 below the neutral 50 level, which indicates a weak purchase dynamics and possible oversized conditions.
If Trump interrupts with a powerful volume below the lower border of the canal, this may confirm the bear -in continuation of the sequel and goal the projected level near $ 8.65.
Trump's $ Trump Coin evening dinner triggers congress examinations
On May 29, 2025, representative Jamie Raskin, the highest democrat on the House Overtight Committee, opened a proper examination for a personal dinner organized by Donald Trump for the highest investors from $ Trump Coin. The event took place within the Trump National Golf Club in Virginia and reported reported 220 individuals who held large positions within the meme coin with regards to Trump. The meeting only took place shortly after the coin made lots of of hundreds of thousands of dollars in profit for parties related to the previous president.
Raskin's office expressed concerns in regards to the potential violations of the emolutionary clause of the structure that President prohibits the financial benefits of foreign states or their representatives. The MEP called for detailed records of participants, transaction stories of wallpapped pockets, the big amounts of $ Trump and any communication with Trump's campaign and the promoters of the coin. The investigation also questions clarity as as to if foreigners were involved, because the opportunity to avoid traditional political donation channels was used.
Another controversy surrounds the reported use of the presidential seal on the event, which could violate the federal law. Critics argue that the event blurred the boundaries between personal enrichment and political campaign. The $ Trump coin, which got here available on the market in early 2025, recorded a rapid increase and a subsequent price accident, with many investors suffering losses, while Trump-Link corporations allegedly earned over $ 300 million. Raskin explained that the goal of the investigation was to find out whether the winnings of the coin function a “backdoor channel for political contributions”.
140 million US dollars spent on Trump for dinner
On May 13, 2025, CBS News reported that buyers of the $ Trump Meme Coin spent over 140 million US dollars to secure access to a personal dinner with Donald Trump. The offer announced on April 23 promised invitations to the highest 220 token owners by May 12, which increased the worth of the coin by greater than 40% after a decrease of 88%. According to Inca Digital, the person expenditure between 53,500 to 16.4 million US dollars was. The with the best-placed wallet called “Sun VIP” stays anonymous along with the others resulting from the character of the crypto letter pocket identities.
Inca Digital also showed that many purchases have occurred via offshore exchanges similar to Bitbit and Gate.io that don’t allow us to permit customers. This increased the suspicion that some participants could have used these platforms to avoid the US regulations. Austin Ryan von Inca said that several users had transferred funds in international stock exchanges, which indicates that they’re probably not based within the United States. The lack of transparency that surrounds this owner has fueled criticism from state guard dogs and democratic legislators.
The concerns grew for the direct financial advantage of the Trump organization from promotion. CIC Digital, which is connected to the Trump Family Business and the partner company Fight Fight Fight Fight Fight Fight -Fites fees from every $ Trump -Münztransaktion by decentralized Exchange liquidity pools. The structure of the coin and the associated VIP dinner, which was set for May twenty second within the Trump Nationalgolf Club, have made accusations of pay-to-play policy, especially since neither the White House nor the Trump organization on this topic commented.
