This comes right after 300Min300MinTRUMP tokens unlocked (April 18). Next unlock: $600M+ in July.
The $TRUMP token price surged 65% in hours after the project announced an exclusive gala dinner with former President Donald Trump for its top holders. The event, scheduled for May 22 at Trump National Golf Club in D.C., will host the top 220 holders of the token.
As per reports by Cryptopolitan, the top 25 holders will also get a private pre-dinner reception and a VIP tour of the White House, though the latter is yet to be confirmed by the White House. The top 15 holders will get even more exclusive access to the event.
This announcement comes after the 300 TRUMP tokens unlocked on April 18. The next unlock is expected to bring more than $600 million in July.
This project has come under scrutiny for its potential violation of campaign finance laws. In the US, individuals are limited to donating a maximum of $3,500 to political campaigns. However, crypto tokens could circumvent this limitation, which has led to criticism from politicians like Senator Bernie Sanders, who described it as a "backdoor bribery scheme."
While there is no evidence of any wrongdoing, this project raises ethical concerns about the intersection of politics and cryptocurrency.
The $TRUMP token is still down over 80% from its all-time high of $73, which it reached in January. The token is currently trading at $13, still up over 40% for the day. It has also clocked 3.37 billion in 24-hour volume with over 1,500 TRUMP/USDC trades.
This massive buying pressure has also triggered a short squeeze, which ultimately led to the token's 65% surge in hours.
This project has been a hot topic in the crypto community, with many discussing the implications of a former president engaging with a meme coin project. It remains to be seen whether the $TRUMP token can sustain its gains or if the unlocks will bring more selling pressure.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
