Trump Coin Skyrockets 70% Following President’s Special Dinner for Top Token Holders

TRUMP Coin Soars 70% After Exclusive Dinner Invitation from President Trump

TRUMP Coin saw a dramatic surge on Wednesday, jumping 70% after the announcement of a private dinner event hosted by President Donald Trump for top holders of the token.

The event, exclusively for the 220 largest token holders, invites them to join the President at his members-only club in Washington, D.C. According to the event’s promotional page, holders of the TRUMP Coin will have a unique opportunity to dine with the President, adding to the exclusive nature of the invitation.

Following the news, TRUMP Coin experienced a sharp rise, briefly hitting $16, a price not seen since early March. However, the token later settled back at $13, still marking a 43% increase compared to the previous day’s closing price.

The event follows a significant release of $300 million worth of TRUMP Coin tokens on April 18, which had been previously locked up. Despite the unlock, 75% of the total supply remains tied up, with additional tokens scheduled to be released in July.

While TRUMP Coin was initially met with controversy, particularly for leveraging the President’s position for financial gain, it has gained a cult following, with its volatility providing ample opportunities for traders. The coin debuted shortly before Trump’s inauguration and, despite significant fluctuations, has remained a fixture within the speculative crypto space.

Although TRUMP Coin has not yet reached its peak value of $73 from January 19, the recent surge demonstrates its continued relevance in the ever-changing world of crypto speculation.