Trump Token Defies Political Impeachment Efforts and Token Unlocks with 85% Weekly Surge

The TRUMP memecoin, linked to U.S. President Donald Trump, continues to surge in value, even as Democratic lawmakers push for impeachment and the token’s circulating supply increases due to recent unlocks.

Over the past 24 hours, TRUMP has gained 16%, following its 70% surge after an exclusive announcement that top holders of the token will be invited to a private dinner with President Trump on May 22. This event has sparked political controversy, with Senator Jon Ossoff (D-Ga.) claiming that the token’s association with the president amounts to selling access to the White House, a potentially impeachable offense.

Ossoff voiced his concerns during a town hall on Friday, asserting, “When the sitting president of the United States is effectively selling access to himself, it crosses a line into impeachable conduct.”

Additionally, Senators Adam Schiff (D-Calif.) and Elizabeth Warren (D-Mass.) have called for an investigation into whether President Trump violated federal ethics rules by offering the dinner to top TRUMP holders. They sent a letter to the U.S. Office of Government Ethics on April 25, urging the body to assess the legality of the situation.

Despite the political firestorm, the TRUMP token has shown remarkable resilience in the market, experiencing an 85% increase in value over the last seven days. The token’s rise follows the announcement of the May 22 dinner event, which has attracted widespread attention and fueled speculation around its potential for future growth.

This surge occurred even after the TRUMP token underwent a massive unlock earlier this month, releasing $320 million worth of tokens into circulation, which significantly inflated its supply. Another unlock is scheduled for the next few months, releasing 25.1% of the circulating supply, estimated at nearly $780 million.

Although the TRUMP token has enjoyed a recent surge, it remains 77% down from its all-time high of over $70 shortly after launch, which led to an estimated $2 billion in losses for early investors. However, the token’s continued rise in the face of political controversy and market volatility highlights its defiance against critics and its potential resilience in the long term.