TRUMP Coin Climbs 70% Following Exclusive Invitation to Dinner with President Trump
TRUMP Coin saw a significant rise on Wednesday, surging 70% after the announcement of an exclusive dinner with President Donald Trump for top token holders.
The special event, which will be held at Trump’s private Washington, D.C. venue, is available only to the 220 largest holders of the TRUMP Coin. The announcement of the dinner with the President stirred excitement, sending TRUMP Coin soaring to a peak of $16, though it later settled at $13, still reflecting a 43% increase compared to the previous day’s closing price.
This surge in value follows the release of $300 million in TRUMP Coin tokens on April 18, which had previously been locked in restricted supply. Despite this release, 75% of the total token supply remains locked, with further tokens set to unlock in July.
Since its launch before Trump’s inauguration, TRUMP Coin has been a subject of controversy due to its political branding, drawing both fervent support and criticism. While the coin has experienced significant volatility, it continues to captivate traders and investors in the cryptocurrency space, especially during political events tied to Trump.
Although the token remains far below its high of $73 from January, the recent surge highlights its continued relevance and potential in the ever-evolving landscape of political and speculative cryptocurrency.
