$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 J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     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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