TRUMP token rises 60% after announcement of exclusive dinner for top holders. VIP event with Donald Trump scheduled.
The official memecoin of the President of the United States has risen sharply in price after the TRUMP project announced an invitation to a private event reserved for the largest holders of this cryptocurrency.
President Donald Trump's official memecoin, named Official Trump (TRUMP), rose by almost 60 per cent when an invitation appeared on the project website for token holders to attend a dinner with the Head of State. After the announcement, the price of the token rose rapidly from $9.3 to $14.7.
"Attend a dinner with President Trump at his private club in Washington. Only for the top 220 TRUMP memecoin holders," the project's website reads.
To attend the event, you must link your wallet to a special site, which also displays a dynamic list of wallets with multiple tokens. According to the site, the 25 top holders will also be entitled to a confidential VIP meeting with Trump and a special tour.
The top $TRUMP Coin holders will have a private DINNER WITH PRESIDENT TRUMP on May 22nd at the BEAUTIFUL Trump National Club in Washington, D.C. It will be a night to remember! Thank You! And Have Fun!
After the initial surge due to the news, the price of the token fell below $12. Currently, memecoin is up 27% in one day, as of 11.50am. The market capitalisation of the TRUMP token is $2.37 billion.
Curiously, the dinner announcement came shortly after $300 million in TRUMP tokens were put into circulation on 18 April, according to Tokenomist. About 75 per cent of existing tokens are still locked, and the next release scheduled for July will bring another $600 million in tokens to the market.
TRUMP Token Ignites Controversy Between Speculations and Crypto Market Crash
The TRUMP token, issued just days before the presidential inauguration on 20 January, has sparked negative reactions in the crypto sector. This was because the creators exploited the public attention and Trump's official position, earning $800 million, while most retail investors suffered losses.
The launch also marked the peak of speculative activity in the cryptocurrency market. In the month that followed, the price of Bitcoin fell almost 30% from its record high in January. The overall capitalisation of the crypto market fell from 3.9 trillion to $2.9 trillion over the same period.
Despite the rally over the past 24 hours, the TRUMP token is still trading more than 83% below its all-time high of $73, reached on 19 January.
TRUMP Coin: A New Chapter in Memecoin Mania
Newcomers to the crypto world are often attracted to high-volatility assets. This is why memecoins tend to experience volume explosions during periods of renewed investor interest. If you're just starting out, chances are you've heard of DOGE or its many clones.
Now, with Trump officially entering the memecoin arena after his WLFI DeFi adventure, the implications are huge. His involvement with TRUMP Coin is not just publicity: it is a clear challenge to the current leadership of the SEC. With new crypto regulations expected on Monday, Trump's latest move is fuelling speculation and anticipation across the industry.
The official memecoin of the President of the United States has risen sharply in price after the TRUMP project announced an invitation to a private event reserved for the largest holders of this cryptocurrency.
President Donald Trump's official memecoin, named Official Trump (TRUMP), rose by almost 60 per cent when an invitation appeared on the project website for token holders to attend a dinner with the Head of State. After the announcement, the price of the token rose rapidly from $9.3 to $14.7.
To attend the event, you must link your wallet to a special site, which also displays a dynamic list of wallets with multiple tokens. According to the site, the 25 top holders will also be entitled to a confidential VIP meeting with Trump and a special tour.
After the initial surge due to the news, the price of the token fell below $12. Currently, memecoin is up 27% in one day, as of 11.50am. The market capitalisation of the TRUMP token is $2.37 billion.
Curiously, the dinner announcement came shortly after $300 million in TRUMP tokens were put into circulation on 18 April, according to Tokenomist. About 75 per cent of existing tokens are still locked, and the next release scheduled for July will bring another $600 million in tokens to the market.
TRUMP Token Ignites Controversy Between Speculations and Crypto Market Crash
The TRUMP token, issued just days before the presidential inauguration on 20 January, has sparked negative reactions in the crypto sector. This was because the creators exploited the public attention and Trump's official position, earning $800 million, while most retail investors suffered losses.
The launch also marked the peak of speculative activity in the cryptocurrency market. In the month that followed, the price of Bitcoin fell almost 30% from its record high in January. The overall capitalisation of the crypto market fell from 3.9 trillion to $2.9 trillion over the same period.
Despite the rally over the past 24 hours, the TRUMP token is still trading more than 83% below its all-time high of $73, reached on 19 January.
TRUMP Coin: A New Chapter in Memecoin Mania
Newcomers to the crypto world are often attracted to high-volatility assets. This is why memecoins tend to experience volume explosions during periods of renewed investor interest. If you're just starting out, chances are you've heard of DOGE or its many clones.
Now, with Trump officially entering the memecoin arena after his WLFI DeFi adventure, the implications are huge. His involvement with TRUMP Coin is not just publicity: it is a clear challenge to the current leadership of the SEC. With new crypto regulations expected on Monday, Trump's latest move is fuelling speculation and anticipation across the industry.
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