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Cryptocurrency News Articles

Trump coin surged as much as 71% after plans were announced for an investor dinner with the president.

Apr 24, 2025 at 03:44 am

A dinner for the top 220 token holders is scheduled for May 22 in Washington, D.C. The top 25 holders will attend a reception and a VIP White House tour

Trump coin surged as much as 71% after plans were announced for an investor dinner with the president.

A meme coin purportedly linked to former President Donald Trump surged as much as 71% on Wednesday after plans were announced for an investor dinner with the president.

$Trump coin rose to an intraday high of $16.17 before paring some of its gains. At 1:02 p.m. ET, the token was trading at $13.39, up 41% on the day.

This is the highest price point for the token since the beginning of March.

The token, which was launched days before Trump's inauguration in January, has risen sharply in recent months. Earlier this year, Trump sparked a cryptocurrency bonanza following his inauguration. In addition to minting his own meme coin, first lady Melania Trump also issued a $Melania token. The president has also made a push into the stablecoin arena via Liberty One Financial, a digital assets venture backed by Trump and his sons.

According to the official website of the meme coin, Trump will be in attendance at a dinner scheduled for May 22.

The website read, "Have Dinner in Washington, D.C. With President Trump!" and added, "Will YOU be Having Dinner with PRESIDENT TRUMP?"

The top 25 token holders will be invited to an exclusive reception with Trump before the dinner, according to the $Trump coin site.

"PLUS, We have separately arranged for a Special VIP White House Tour for you - so make sure you stay in town," the website reads.

A disclosure on the website said the tour is being arranged by FightFightFight LLC and that Trump is appearing at the dinner "as a guest and not soliciting any funds for it."

To be eligible to attend, if selected, holders cannot be from a KYC watchlist country, they must pass a background check, and cannot bring guests.

The announcement of the Trump dinner comes about one week after 40 million tokens owned by insiders of the crypto project were unlocked, making them available to be sold.

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Other articles published on Apr 24, 2025