TRUMP Token Price Explodes 60% Following Announcement Of Private Dinner With Donald Trump

The price of the Official Trump TRUMP/USD meme coin surged by 60% to $14.4 on Wednesday, following the announcement of an exclusive dinner event with President Donald Trump.

What Happened: The dinner, scheduled for May 22, will be held at Trump National Golf Club in Washington, D.C., and is limited to the top 220 holders of the TRUMP token.

The sharp price movement came shortly after the project's official X (formerly Twitter) account confirmed details of the event and directed users to the official GetTrumpMemes.com website for eligibility and participation information.

According to the site, the top 25 token holders will also gain access to a VIP reception and White House tour, along with receiving limited edition commemorative NFTs, minted on the Solana SOL/USD blockchain.

The leaderboard tracking token holder rankings updates hourly.

The TRUMP token, launched on Jan. 17, is a meme coin on the Solana blockchain, with 200 million tokens initially available and a total supply cap of 1 billion over three years.

The project, managed by Fight Fight Fight LLC, an affiliate of the Trump Organization, emphasizes that TRUMP is not a political initiative or investment opportunity but an expression of support for Trump's ideals.

The project clarifies that Trump is a guest at the event and is not involved in fundraising or investment solicitation.

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Why It Matters: The announcement has spurred a wave of retail interest, with users purchasing TRUMP tokens via debit cards and crypto to secure leaderboard positions.

For instance, shortly after the announcement, blockchain analytics account Lookonchain reported that a whale investor had spent $5 million USDC/USD to purchase 407,467 TRUMP tokens at an average price of $12.27, highlighting the scale of demand triggered by the event.

The event marks one of the first high-profile real-world experiences tied directly to token holdings in a political-themed meme coin.

The token was trading around $9.00 before the announcement and quickly rose to $14.4 within the day, before settling at 13.4.

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