$TRUMP Coin Dinner: Private Dinner Announcement with Trump Sparks 70% Surge

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The Trump-themed meme cryptocurrency, dubbed the “official token” of the U.S. President Donald Trump, surged over 70% on Wednesday after the project announced an exclusive dinner with Trump for its top 220 token holders.

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.

BREAKING: Trump just announced that the top 220 holders of his $TRUMP Meme Coin will be invited to dinner with him on May 22nd.

Let that sink in: Trump, his family, and his businesses control the coin, so he’s essentially telling people to pump his asset if they want a seat at… pic.twitter.com/1zDbbekAmS

— Brian Krassenstein (@krassenstein) April 23, 2025

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.