- TRUMP meme coin offers airdrop to merchandise buyers, boosting crypto community growth.
- Despite recent volatility, the TRUMP token price increased by 3.71% in the last 24 hours.
- Mixed technical indicators suggest a potential for a price rise if market conditions improve.
The TRUMP meme coin project, tied to U.S. President Donald Trump, has announced an airdrop to reward buyers of official Trump merchandise.
Launched as a President’s Day promotion, the airdrop recognizes loyal supporters and is to expand the TRUMP crypto community. Those who purchased qualified merchandise before February 15, 2025, can claim TRUMP tokens until March 1, 2025.
The airdrop will offer three TRUMP tokens to individuals who made qualifying purchases at specified Trump stores, including Trump-branded sneakers, watches, fragrances, and Trump cards. Claiming tokens requires email verification, though.
The giveaway benefits supporters of the merchandise line and expands the TRUMP token community. Additionally, the airdrop launch coincided with the one-month debut of the TRUMP token, which has fluctuated in value since launch.
Related: Analysts’ Take on TRUMP Token’s Wild Ride: From $75 to $30
Price Movement and Market Sentiment
After an early surge, the TRUMP token reached an all-time high before sliding in price. The decline resulted from waning excitement and economic pressures like tariffs affecting its value.
The token hit a new all-time low earlier this month, showing its volatile market performance. Despite these challenges, the TRUMP coin saw a 3.71% increase in price over the past 24 hours, now trading at $17.16 , although the trading volume has decreased by over 20%.
Analyzing Technical Indicators
Technical indicators reveal mixed signals for the TRUMP token. The MACD now points to a bearish trend, with the MACD line below the signal line and a negative histogram. This indicates short-term downward momentum.
Source: TradingView
Related: TRUMP Price Prediction: Will February Upbit Listing Lift $TRUMP Even Higher?
Meanwhile, the RSI stands at 47.03, just below the neutral 50 mark, signaling a balanced market. An increase in the RSI above 50, combined with a shift in the MACD, may signal upward movement, possibly toward $20.
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