TRUMP Coin Jumps 70% on President's Dinner Event for Top Token Holders

The event comes after $300 million worth of TRUMP were unlocked last week, increasing the token's supply. TRUMP, marketed as Donald Trump's official crypto token, rallied on Wednesday as an invitation to a dinner event with the U.S. President for token holders appeared on the project's website. "Join President Donald J. Trump at his Private, Members-Only Club in Washington, D.C. for Dinner!," a banner about the event on the project's website said. The invite is targeted for the 220 largest token holders, per the event's website. The token surged over 70% following the news briefly hitting $16, its strongest price since early March. Later it retraced to below $13, still up 43% over the past 24 hours. The event, notably, comes after $300 million worth of previously locked-up TRUMP tokens were added to circulation on April 18, according to Tokenomist data. Some 75% of all existing tokens are still locked up, with the next unlock coming up in July increasing the supply by over $600 million of coins. The TRUMP token, launched only days before Donald Trump's presidential inauguration on January 20, was met with industry-wide backlash for capitalizing on the attention and Trump's public office and heavy allocations to insiders. The launch also marked the peak in speculative froth on crypto markets. Bitcoin (BTC) declined over 30% from record prices in the following weeks, while many smaller, more speculative cryptocurrencies suffered 80%-90% drawdowns. Despite today's rally, TRUMP coin still trades more than 80% below its January 19 record price of $73. Read more: TRUMP Coin's Biggest Critics Are Crypto Industry Insiders Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH. https://www.coindesk.com/markets/2025/04/23/trump-coin-jumps-70-on-president-s-dinner-event-for-top-token-holders #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple