$TRUMP Coin Dinner: Private Dinner Announcement with Trump Sparks 70% Surge

The Trump-themed meme cryptocurrency, dubbed the “official token” of U.S. President Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President surged over 70% on Wednesday after the project announced an exclusive dinner with Trump for its top 220 token holders.

Trump Token Surges on Dinner News

The event, promoted on the project’s website as “the most exclusive invitation in the world,” sparked a buying frenzy that pushed the token’s price to nearly $16, its highest level since early March. The price later retraced to below $12, still representing a 40% gain over the past 24 hours.

The rally comes just days after $300 million worth of previously locked Trump tokens were released into circulation on April 18. Despite the large unlock, around 75% of the token’s total supply remains locked, with another 600 million tokens scheduled for release in July, according to a blockchain analytics platform.

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Criticism Grows Despite Price Jump

The Trump token was originally launched just days before Trump’s January 20th inauguration, and has faced significant backlash from industry insiders who argue it exploits Trump’s name, political influence, and public profile. The token also drew criticism for its heavy insider allocations and lack of clear utility.

Despite Wednesday’s rally, the Trump token is still trading more than 80% below its all-time high of $73 reached on January 19.

The Trump memecoin is part of a broader trend involving the president’s engagement with blockchain-based assets. Over the past two years, Trump has launched four NFT collections and is increasingly associated with crypto-native fundraising and marketing strategies. These developments hint at a long-term interest in leveraging Web3 platforms for political, financial, or branding purposes.

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