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TikTok Owners Behind Massive $300M Investment in Trump Coin
By: crypto news flash|2025/05/14 22:15:05
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The token’s market cap has soared to $2.72 billion, amplifying excitement ahead of the May 22 Trump crypto dinner for the top 220 TRUMP coin holders.TRUMP’s price is consolidating above $13, with analysts projecting a climb to $24.58 in the coming weeks.GD Culture Group (GDC), a Nasdaq-listed Chinese firm and the owner behind the popular social media platform TikTok, recently disclosed its $300 million investment in the TRUMP coin, along with Bitcoin. As a result, the TRUMP price has gained 6.4% in the last 24 hours to $13.63, with its market cap soaring to $2.72 billion.Recent investment developments and the subsequent price rally have amplified excitement around the TRUMP coin, coinciding with the upcoming crypto dinner hosted by President Donald Trump.GDC Secures $300M Investment in TRUMP CoinIn its official filing, the GDC Group announced plans to fund its latest investment in TRUMP Coin via a stock purchase agreement with a British Virgin Islands-based investor, who has committed up to $300 million. The company further added that the “Proceeds from the offering, if any, will be used to invest in Bitcoin, OFFICIAL TRUMP, and for general corporate purposes.”Amid the growing excitement around the TRUMP token, analysts’ expectations of it reaching new highs are growing further ahead of the upcoming Trump crypto dinner, scheduled for May 22. As highlighted in the previous story, the exclusive event will host the top 220 TRUMP coin holders for a private gathering with President Donald Trump.The recent crypto acquisition by GDC Group will further solidify its affiliation with the world of blockchain and decentralized finance (DeFi). Additionally, the company will also advance its digital transformation through its subsidiary, AI Catalysis, which focuses on live-streaming e-commerce, as reported by CNF in the previous story.Chairman and CEO Xiaojian Wang characterized the move as a forward-looking initiative designed to capitalize on prevailing market trends. “We’re confident this will drive long-term value for our shareholders,” Wang said.Where Is TRUMP Price Heading Next?Today’s trading data shows TRUMP opened at $13.08, reached a high of $13.80, and a low of $12.28 before settling at its current level. The TRUMP coin price action appears to be consolidating above the $13 mark, suggesting possible support at this level.Source: AsifethCrypto analyst asif.eth further explains that the meme coin chart highlights a price projection zone reaching up to $24.58 in the coming weeks. The TRUMP token, which has seen considerable volatility throughout 2025, appears to be in a recovery phase after reaching its April lows.After its launch in early February, the TRUMP token faced massive volatility, collapsing 85% from the highs of $75. Several lawmakers, including Senator Elizabeth Warren, have voiced their opinion against this meme coin. In a fresh attack, Eleni Kounalakis, Lieutenant Governor of California, wrote:Trump’s $TRUMP crypto scheme isn’t just a gimmick — it’s a pipeline to enrich the wealthy at the expense of everyday Americans. 764,000 people lost money, while 58 people walked away $10 million richer.
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