On Wednesday, TRUMP — the meme-inspired cryptocurrency — experienced a massive price surge, rising 49.5% in just 24 hours and briefly hitting $14.72, its highest price since early March.
According to data from CoinGecko, the token is up 77% over the past week, positioning itself as one of the fastest-growing memecoins in the current market cycle.
The rally came just hours after it was announced that Donald Trump will host a private dinner on May 22 at Trump National Golf Club in Washington, D.C.
The dinner is invite-only, and access will be granted to the top 220 TRUMP holders, as listed on the project's official leaderboard. An even more exclusive VIP reception will be held for the top 25 wallets.
The project’s website now reads:
“Dine in Washington, D.C. with President Trump.”
The crypto community reacted quickly and passionately:
On Crypto Twitter, opinions were divided. Some praised the move as a brilliant marketing tactic, while others called the dinner a “short squeeze attempt” designed to artificially boost market momentum.
On Reddit, reactions were more critical. Many users questioned the legality of a political figure engaging in such promotions tied to token value, wondering how something like this is allowed without regulatory repercussions.
💸💲🧠 Get up to 5020 USDT as a welcome bonus and an additional 1025 USDT by using this referral on Bybit
$25 welcome bonus to all new Binance users.
Lost password? No problem! Enter your email address to confirm your account.