TRUMP MEME token announces "Trump Dinner," price surges 58%

The official TRUMP MEME announced the launch of the "Trump Dinner." Following the announcementnews, TRUMP surged by 58%.

The announcement of a "Trump Dinner" by TradingKey, the official TRUMP MEME, has led to a massive 58% surge in the TRUMP token.

The event, which is set to take place on May 22 at the Trump National Golf Club in Washington, D.C., will host 220 TRUMP token holders for dinner. The top 25 token holders will also enjoy a private VIP reception with President Trump and a special VIP tour.

According to the Trump Dinner website, attendees must pass a background check and undergo KYC and compliance review for their wallets. The official ranking for the token holders will be based on a snapshot of the top 220 TRUMP token holders from April 23 to May 12. After this period, the selected guests will receive an invitation to confirm their attendance.

However, there is a possibility that President Trump may not attend the dinner. If the event is canceled or he cannot make it, eligible invitees will receive a limited edition NFT as compensation. This possibility has raised concerns about the event's value.

Those interested in learning more about the event can visit the official Trump Dinner website for complete details and updates.

In other news, a recent report by crypto analytics firm Arcane Research has revealed that Bitcoin (BTC) miners are now reporting higher revenue despite the recent decline in the flagship cryptocurrency's price.

According to Arcane’s report, Bitcoin miners collectively reported $1.3 billion in revenue for March, a 12.8% increase from February and the highest level since May 2022. This uptick in revenue can be attributed to the decrease in energy costs and the rise in Bitcoin's price during the period under review.

Despite Bitcoin's price falling by 10.9% to $64,000, and with a Bitcoin hash rate that decreased by 3.6% to 390 peta hashes per second (PH/s), miners' revenue still saw a net increase.

Moreover, the crypto analytics firm noted that Bitcoin miners' operating margins also improved in March, with a total of 68 out of the 70 publicly traded Bitcoin miners reporting positive operating income. This stands in contrast to February, where only 50 out of the 70 miners reported operating income.

The report also noted that the average Bitcoin miner reported an operating margin of 0.22 in March, a significant improvement from February's -0.04. Only two miners reported operating losses for March, compared to 18 in February.

"This indicates that a majority of the miners were able to maintain profitability even as Bitcoin's price fell and mining revenue decreased," the report stated.

The Trump Dinner event is sure to be a hot topic of conversation in the coming weeks, as people speculate on whether or not the president will attend. It will be interesting to see how this event unfolds and what impact it will have on the TRUMP token price.

As for Bitcoin miners, their ability to report higher revenue despite the recent crypto downturn is a testament to the resilience of the industry. It will be interesting to see if miners can continue to report strong revenue and operating margins in the coming months, or if the crypto winter will ultimately take its toll.

This article was originally published on Best Visual