Trump’s Meme Coin $TRUMP created a blast: Tremendous surge of 70% after Gala Dinner Announcement
One such news which has created a stir in the crypto world – former US President Donald Trump’s meme coin $TRUMP showed a tremendous jump of almost 70% in a single day, and the reason behind this is an “exclusive gala dinner invitation”.
Yes, Trump’s $TRUMP coin has created hype at a new level when the official X (Twitter) handle announced that the top 220 holders will get a chance to have a private dinner with Donald Trump at Trump National Golf Club in Washington D.C. This dinner will be held on 22 May, and it is being called “The most EXCLUSIVE INVITATION in the world”.
What is $TRUMP coin?
$TRUMP coin is a meme cryptocurrency associated with the name of Donald Trump. This coin was first launched before his January 20 inauguration. Then it touched a high of $74.59, but by April 7 it fell to $7.14. But now, after a viral social media announcement, it took a jump of 70% to reach $15.47, and later settled and is trading around $12.
The current market capitalization of this coin is $2.38 billion, which shows the level of investor interest.
What is the plan for the Gala Dinner?
The official $TRUMP coin handle has announced that:
“The top $TRUMP Coin holders will have a private DINNER WITH PRESIDENT TRUMP on May 22nd at the BEAUTIFUL Trump National Club in Washington, D.C. It will be a night to remember!”
Only the top 220 holders will be invited to this dinner. But this is not the end of it – the top 25 holders will get an “ultra-exclusive VIP reception with the President” and a Special Tour as well.
This has become such an event in which the perfect combination of crypto and politics is being seen. The rally that has taken place in $TRUMP coin after this announcement makes it clear that Trump’s popularity and his branding have now reached digital assets.
Meme Coin or Marketing Masterstroke?
$TRUMP coin is behaving like a typical meme coin – whose price is more dependent on social media buzz, viral announcements and hype. The fundamentals of this coin are not as strong as those of traditional crypto tokens like Bitcoin or Ethereum, but it is still succeeding in grabbing the attention of investors.
Crypto experts say that this is a “marketing masterstroke” that is establishing the Trump brand more strongly in the crypto world. People are investing in this coin not only for the financial returns of the coin but also for personal interaction with Trump.
Is another rally possible?
According to reports, 40 million new $TRUMP tokens were going to be unlocked in the market, but according to the official announcement, this unlock will now happen after 90 days. This news has also fueled the coin rally.
In another post on X it was said:
“Couldn’t be more excited about this ‘Dinner with Trump’. A lot more on the way! The Tokens from the initial cliff and from the following three months of daily unlocks will remain locked, each for an additional 90 days. The era of $TRUMP has just begun!”
This means it has just begun – there could be more announcements and events ahead that could take the price of $TRUMP coin even higher.
A new combination of Crypto and Politics
This event marks a new direction where political figures are monetizing their brand value through digital currency. For the first time, a former President has openly supported a crypto coin that uses his name and is also offering a real-world reward to his fans and investors.
This move also suggests that by the time the 2024 US Presidential elections arrive, Trump will have created a unique place for himself in the crypto world, where his name will not be limited to politics alone.
Finally, it would not be wrong to say that $TRUMP coin is no longer just a meme coin – it has become a cultural phenomenon where digital currency, celebrity branding and political engagement are all coming together.
If you are also a crypto investor, then definitely think about this – would you like to share the table with Trump for dinner, not just for earning money?