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TRUMP’s bearish outlook persists despite GD Culture Group’s $300 million investment.
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Intensifying sell-side pressure threatens to test the 50-day EMA.
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Potential volatility surge expected as top TRUMP holders prepare for exclusive dinner with President Trump.
TRUMP Meme Coin Faces Weak Sentiment Despite Major Investment
The Official Trump (TRUMP) meme coin continues to face declining trader confidence, with consistent drawdowns dropping its value to $13.46 as of Wednesday. A modest dip during the Asian session underscores the increasing downside risks, despite reports that GD Culture Group—a Nasdaq-listed firm with China ties—has committed $300 million to TRUMP and Bitcoin (BTC).
GD Culture Group Acquires $300M in TRUMP and Bitcoin
GD Culture Group, a tech firm with operations in China, has announced a massive $300 million investment in the Official Trump meme coin and Bitcoin. The firm, publicly traded on Nasdaq, conducts its business in China via a subsidiary and leans heavily on TikTok, which is facing a possible ban in the United States.
Interestingly, the company has just eight employees, and filings show it recorded zero revenue from its TikTok-based e-commerce operations last year.
According to a filing with the Securities and Exchange Commission (SEC), the investment will be funded by proceeds from a stock sale to an unnamed entity in the British Virgin Islands.
“The Company plans to use proceeds from the offering, if any, to invest in Bitcoin and OFFICIAL TRUMP and for general corporate purposes.”
This development makes GD Culture Group one of the first foreign-tied entities to gain exposure to TRUMP, a meme coin launched shortly before President Donald Trump’s 2017 inauguration and reportedly linked to Trump family investments.
TRUMP Meme Coin’s Bullish Momentum Fades
The Official Trump token has turned technically bearish after a rejection from last week’s high of $15.35. The Relative Strength Index (RSI) shows clear negative divergence, indicating that further downside is likely below the current $13.46 level.
Should traders begin offloading TRUMP holdings amid instability, support is likely at the 50-day Exponential Moving Average (EMA) around $12.20 and the key demand zone near $10.00 (marked red on the chart), which could absorb selling pressure and provide a base for recovery.
TRUMP/USDT daily chart
The Moving Average Convergence Divergence (MACD) is currently showing subtle sideways movement above the center line, pointing to a possible consolidation phase. Still, any expansion of red histograms below the center or a bearish crossover of the MACD (blue) and signal line (red) would validate renewed downward momentum.
Volatility Expected Ahead of Exclusive Trump Holder Dinner
Despite the cautious outlook, TRUMP could experience a surge in investor interest as the date for the exclusive May 22 dinner with President Trump approaches. Invitations were sent out Monday to the top 220 TRUMP holders, pending background checks.
This upcoming event could serve as a major market catalyst, potentially driving TRUMP above the $20.00 resistance level, similar to the bullish rally sparked by April’s dinner announcement.
