Donald Trump Just Added $700 Million to His Official Memecoin

The $TRUMP token spiked more than 50% after project organizers announced that the top holders would be invited to a private dinner with the President

Key Takeaways:

* Donald Trump’s eponymous memecoin saw its price spike by more than 50% on Monday after organizers announced an exclusive dinner with the former President.

* The promotion, which also includes a high-level tour in D.C., is set for May 22 and will host the top 220 $TRUMP holders.

* The token’s market cap hit $2.7 billion on the day, outperforming every other major crypto.

Donald Trump just added $700 million to his official memecoin, and all it took was an invite to dinner.

The $TRUMP token spiked more than 50% on Monday after project organizers announced that the top 220 holders of the token would be invited to an intimate, black-tie-optional dinner with the President on May 22.

The promotion, titled “the most EXCLUSIVE INVITATION in the World,” instantly reignited attention around the token, which had been largely dormant since its peak in early 2023.

With the price jump, $TRUMP’s market cap hit $2.7 billion on the day, outperforming every other major crypto.

The dinner will take place at Trump’s Virginia golf club, and guests will be selected based on their token holdings at 12:00 UTC on April 12.

The top 25 wallets will also get invites to a private reception and a high-level tour in D.C. The original wording teased a “White House Tour,” but that phrasing has since disappeared from the site, replaced with the more vague “Special VIP Tour.”

The promo ended with a bold call to action: “Let the President know how many $TRUMP coins YOU own!”

However, only 20% of the token’s supply is actually in circulation. The rest, a whopping 80%, is tied up in wallets reportedly controlled by the Trump Organization or its affiliates, locked in a vesting schedule that begins unlocking soon.

That means most of the token’s supply is off-limits to everyday buyers, at least for now, and it also means a select few could profit handsomely if the rally continues.

According to the leaderboard , a user named “CASE” is currently at the top with over 400,000 $TRUMP tokens.

Others in the lead include users going by “EV,” MTGA,” “UKR,” and “Abc.”

Trump’s personal stash remains unlisted, but his financial disclosures suggest he holds tens of millions worth.

Launched in January before the inauguration, $TRUMP briefly hit a $15 billion valuation, driven by Trump’s endorsements on Truth Social and X.

It quickly crashed but remains a symbol of the administration’s crypto embrace. First Lady Melania Trump’s token, $MELANIA, also saw a short-lived $2 billion peak.

Even with the hype, the $TRUMP token still has no clear product, no technical roadmap, and no utility outside of speculative trading and promotional events like this one.

But in a market where memes move millions, a dinner with Trump is apparently worth nearly a billion in market cap, for now.