TRUMP Coin Gains 70% After President Hosts Exclusive Dinner for Elite Token Holders

TRUMP Coin Jumps 70% After Announcement of Exclusive Dinner with President Trump

TRUMP Coin saw a massive spike of 70% on Wednesday following the announcement of a private dinner event hosted by President Donald Trump for the top holders of the token.

The invitation, which went live on the token’s official website, details that the event will be held at Trump’s exclusive D.C. club and is limited to the 220 largest holders of the TRUMP Coin. The dinner, offering an intimate gathering with the President, has caused a stir in the crypto world, pushing TRUMP Coin to new heights.

After the news broke, TRUMP Coin quickly reached $16, its highest value since March. Although the price pulled back slightly, it remained up by 43% from the previous day’s close.

This surge comes on the heels of the April 18 release of $300 million in previously locked TRUMP Coin tokens, marking a major shift in supply dynamics. Still, the company behind TRUMP Coin notes that 75% of the total supply remains locked, with another $600 million expected to be unlocked in July.

Launched just before Trump’s presidential inauguration, TRUMP Coin has attracted controversy for its close ties to political branding and has been viewed by some as a speculative, politically-charged investment. Despite this, the coin continues to thrive in the volatile world of digital currencies, with speculation surrounding its value increasing during key political events.

While it has yet to recover its initial peak of $73 from January, the 70% surge represents a continued strong presence in the crypto market, further validating the coin’s potential influence as a political token.