Official Trump (TRUMP) saw a remarkable 52% surge on April 23 following the news of an exclusive in-person dinner with US President Donald Trump for the top tokenholders. The sudden spike in TRUMP memecoin’s price has sparked discussions within the crypto community about its sustainability amidst the broader market dynamics. Despite the rally, TRUMP’s performance has raised concerns due to its high token concentration and allocation to entities controlled by Trump, which questions its current market capitalization of $2.6 billion. In contrast, established projects like Arbitrum (ARB), Jupiter (JUP), and Maker (MKR) have lower market capitalizations but derive value from buybacks, staking, and DeFi mechanisms. TRUMP, despite trading well below its all-time high, remains a top-10 token in terms of trading volume, highlighting its significant presence in the derivatives markets with a futures open interest of $700 million. While TRUMP continues to attract trading activity, doubts persist about its long-term demand and viability compared to utility-driven cryptocurrencies. The recent price surge has led to speculations on whether TRUMP could reach higher price targets, similar to Shiba Inu (SHIB), which boasts an $8 billion market capitalization. However, the sustainability of TRUMP’s price surge remains uncertain, pending further clarity on token unlocks and investor confidence. The article aims to provide insights into the current market trends and does not constitute legal or investment advice.