The recent gathering of the top 220 TRUMP holders and investors at a TRUMP dinner did not lead to a significant increase in the meme coin's price as expected. Many investors were found to be opportunistic, taking the opportunity to interact with influential individuals rather than showing genuine interest in the token. Surprisingly, a different meme coin experienced a massive 2,312% surge following the event.

During the TRUMP dinner, it was observed that some invited holders sold off all their TRUMP tokens beforehand, indicating opportunistic behavior among investors. Analysis revealed that half of the event attendees did not hold any TRUMP tokens in their wallets. Consequently, there was a notable decrease in the circulation of TRUMP tokens from 11.3 million to 7 million post-event.

The sell-off by TRUMP holders after the dinner exemplifies a trend of opportunistic investing, where the focus is on social and political aspects rather than the token itself. This lack of genuine interest led to a negative market sentiment around TRUMP and a subsequent decline in its price despite the attention garnered from the dinner. Meanwhile, a newly created token called Trump Dinner (DINNER) saw a remarkable surge of 2,312% in price within 24 hours, becoming one of the fastest-rising meme coins recently.

As the enthusiasm surrounding the TRUMP dinner wanes, it is anticipated that the token may face correction due to its speculative nature. Such tokens often exhibit volatile price fluctuations, suggesting that DINNER could undergo a significant price pullback soon.

The TRUMP meme coin struggled to maintain significant growth following the event, with a marginal 11% increase and subsequent decline to $14.25, indicating investor hesitancy. TRUMP's inability to sustain momentum suggests challenges in capitalizing on the event-induced hype. With difficulty in seeking support at $14.53 and resistance at $15.62, TRUMP is forecasted to remain within a consolidation range in the short term, displaying limited potential for substantial upside.

In case of selling pressure, TRUMP's price might drop towards the next support level at $13.36, with a further decline potentially signaling a shift in investor sentiment towards a longer-term downtrend, invalidating the bullish outlook.