Justin Sun Announces Plans to Purchase Official Trump Meme Worth $100M: What Next for $TRUMP Price?

The post Justin Sun Announces Plans to Purchase Official Trump Meme Worth $100M: What Next for $TRUMP Price? appeared first on Coinpedia Fintech News Justin Sun, a serial entrepreneur with a keen focus on blockchain technology and the web3 space, has announced a strategic investment in Donald Trump-backed memecoin dubbed Official Trump ($TRUMP). The Tron ( TRX ) founder announced he is committed to purchasing $TRUMP tokens worth $100 million in the near term. The announcement follows a recent move by the Official Trump memecoin team to bridge $TRUMP into the Tron blockchain through the LayerZero chain. According to Sun, the $100 million investment in TRUMP memecoin highlights Tron’s commitment to partner with vibrant crypto communities. We are committed to buying $100M of $TRUMP ! Together, $TRUMP and #TRON are the future of Crypto. This move highlights our belief in collaborating across ecosystems to grow the crypto landscape with communities such as @GetTrumpMemes . $TRUMP on #TRON is the currency of #MAGA !… — H.E. Justin Sun (@justinsuntron) July 9, 2025 $TRUMP Price Ready for Bullish Breakout The $TRUMP memecoin has grown to a market cap of about $1.8 billion and a fully diluted valuation of around $9 billion. Following the announcement, TRUMP price gained 5 percent on Wednesday to trade around $9.01 during the mid-North American trading session. The sudden $TRUMP price gain today coincided with the BTC price rally towards a new all-time high of about $112k. As a result, the $TRUMP price is well-positioned to rally in the coming weeks, especially if the BTC price consistently closes above $112k. From a technical analysis standpoint, the TRUMP price has been forming a double bottom coupled with bullish divergence of the daily Relative Strength Index (RSI). With the memecoin having retested the recent breakout of a falling logarithmic trend, a potential parabolic rally towards its all-time high has a high chance.