70% Trump Meme Coin Price Surge Fueled by Exclusive Dinner Invitation 

The Trump Coin Soared As President Trump Offered Top Holders a Dinner Invite

Called the most exclusive invitation in the world, a dinner invite from the US President for the top holders of the Trump meme coin has led to its price jumping 70% in a single day. The “crypto president” launched the Trump coin in January shortly before he was sworn in. 220 of its largest holders will be invited to a gala dinner with the President on May 22. 

The Trump meme coin price surge is typical of the volatile cryptocurrency market, and many are questioning the influence that Trump and the news surrounding him have on the digital asset market. The private dinner will be held at the Trump National Golf Club in DC, and there will be an ultra-exclusive VIP reception for the top 25 coin holders. 

The total market cap of the token is around $2.5B, and top analysts are calling the dinner invite a stunt to manipulate the price and cause the Trump meme coin price surge. Meme coins have no practical use in the real world, except as a token of internet hype, allowing Trump fans to show support and speculators to make a profit. 

After the Trump meme coin’s price surge, it reached $17, but is currently trading around $14. It is the token’s strongest performance, and the volatility shows how the meme coin culture thrives on hype, and if they truly have any long-term value. 

Before the dinner announcement, the Trump coin was trading in red. The Trump meme coin’s price surge came at a time of great market uncertainty. The coin had fallen from its all-time high (ATH) a day after its launch, and this dinner invite has certainly improved market sentiment around the token. The token recently reached an all-time low in early April, and the recent Trump meme coin price surge goes against all he analytical predictions made before the dinner was announced. 

Source: CoinMarketCap

The trading frenzy and the Trump meme coin price surge have still kept the token from reaching its $75 all-time high. Experts blame the President and the First Lady for a shameful conflict of interest, for launching their meme coins and using their position of power to profit from them immensely. The token has also been criticized for its highly centralized supply and lack of technical documentation or a white paper. 

With no real-world utility to back it and ensure long-term viability, the Trump meme coin can only be used to buy Trump merchandise. Shortly after the $TRUMP and $Melania meme coins were launched, the SEC clarified that they do not qualify as securities, which has shielded them from regulatory scrutiny. 

The latest Trump meme coin price surge has made it the biggest move of any cryptocurrency. Currently, the Melania meme coin has not yet recovered from its January crash, but who knows what news or action from the White House might prompt it to explode as well.  

Only 20% of $Trump’s supply has been made available for trade; insiders hold 80%, and it will remain locked under a three-year vesting schedule. The first tranche will be unlocked soon, freeing up millions of dollars’ worth of tokens for sale. That means President Trump and insiders will cash in on the Trump meme coin price surge of Wednesday.

About the Author: Sarah Zimmerman is a seasoned crypto and Web3 news writer passionate about uncovering the latest developments in the digital asset space. With years of hands-on experience covering blockchain innovations, cryptocurrency trends, and decentralized technologies, she strives to deliver insightful and balanced news that empowers her readers. Her work is dedicated to demystifying complex topics and keeping you informed about the ever-evolving world of technology.