TRUMP Token rise sharply amidst a 300 million USD bet by a Chinese company

A major investment announcement from GD Culture Group (GDC), a Nasdaq-listed company with ties to China, has pushed the price of the TRUMP token rise to the sky. The company revealed plans to invest up to 300 million dollars in Bitcoin and the TRUMP memecoin, creating a new wave of momentum for this asset. This event took place just a few days before the scheduled cryptocurrency dinner by Donald Trump, which adds to the appeal of this coin in the short term. According to the filing submitted on May 13, the funds will be secured through a share purchase agreement involving an investor based in the British Virgin Islands. The agreement specifies the company's intention to convert the funds raised into official TRUMP tokens and Bitcoin, along with the company's general needs. GDC's strategic involvement in the cryptocurrency space is being closely monitored by investors, especially as enthusiasm for altcoins continues to rise. Price recovers after the recent correction The TRUMP token experienced a sharp drop the day before, falling to $12.22 for a short time before recovering. In the past 24 hours, the token has recorded a rise of 6.11%, trading at $13.55. Over the past week, the price of this token has largely fluctuated within the range of $13 to $14, reaching a peak of $15.07. The latest announcement has been the driving force behind the price recovery, countering the selling pressure after Trump's exclusive cryptocurrency event was cut. The statement from GDC has significantly reversed the downward trend, with investors quickly responding to the commitment to capital. Market data shows that TRUMP has risen by 23.28% in the past week and recorded a monthly increase of 61.8%. These figures reflect the ongoing interest in politically themed digital assets, especially when combined with prominent events or endorsements. Investor sentiment rises ahead of Trump's cryptocurrency dinner The increase in interest in the TRUMP token comes ahead of the highly anticipated dinner event hosted by Donald Trump on May 22. The private meeting will include 220 top TRUMP token holders. With less than ten days to go, the market has shown increased speculative activity. GDC's latest investment has only added to the attention surrounding this event. Analysts note that memecoin associated with major public figures often experiences price volatility related to real-world events. The recent linking of a significant investment by the company to a prominent event has significantly boosted short-term sentiment. The figure of 300 million dollars reflects strong confidence from GDC and may prompt other organizations to more closely monitor the performance of the token. GDC aims to establish a cryptocurrency reserve fund. The move by GDC marks a broader strategy of the company to establish a long-term cryptocurrency reserve fund. The company has revealed in its filings that it believes Bitcoin and the TRUMP token should officially be part of its diverse digital asset portfolio. This investment announcement carries additional significance through its timing with the increasing political scrutiny on cryptocurrency assets. Recent events have shown that the interest of organizations in memecoins has shifted to focus more on coins related to political narratives. The integration of the TRUMP token into GDC's investment plans may also indicate a growing comfort among managed companies exploring digital assets that align with high public visibility.