TRUMP price saw a 60% surge after a bold dinner-for-investment offer promised top token holders exclusive access to the President.
After watching his meme coin, Official Trump TRUMP $12.29 24h volatility: 12.6% Market cap: $2.46 B Vol. 24h: $4.72 B , plunge nearly 90% from its highs earlier this year, United States President Donald Trump may have found a fresh way to revive investor interest.
On April 23, the official website for TRUMP Coin, a meme cryptocurrency launched under Trump’s name, announced that the top 220 holders of the token are being invited to an “intimate private dinner” with the President at his Virginia golf club on May 22.
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! Thank You! And Have Fun!
Click Here For Details: https://t.co/Nm31BxQGx5
— TrumpMeme (@GetTrumpMemes) April 23, 2025
The top 25 investors will also witness an exclusive reception and a guided tour of the White House.
Business entities linked to the Trump family reportedly hold large TRUMP Coin reserves and benefit from transaction fees. A January report revealed nearly $100 million in revenue generated from these fees alone during the coin’s early trading days.
TRUMP Price Surges
The announcement, described as “the most exclusive invitation in the world,” triggered an immediate surge in the TRUMP price. The token’s value rallied by as much as 58% to $14.32 on April 23 before cooling slightly.
“The more $TRUMP you hold — and the longer you hold it — the higher your ranking will be,” the official site explains, outlining a holding period from April 23 to May 12. It incentivizes large-scale and sustained purchases, fueling short-term demand.
The announcement has resulted in a frenzy, with TRUMP’s 24-hour trading volume surging by over 500% to $5.04 billion. According to CoinMarketCap data, the token currently trades around $12.50.
Angry Critics
The surge has reversed some of the coin’s massive drop since peaking at $75.35 in January. However, the dinner invitation is now under scrutiny from opponents and ethics watchdogs.
Critics argue that Trump is effectively monetizing his political power, offering potential access to the White House in exchange for boosting his meme coin’s market cap.
Sen. Chris Murphy (D-CT) called the dinner-for-investment model “the most brazenly corrupt thing a President has ever done”.
This isn’t Trump just being Trump. The Trump coin scam is the most brazenly corrupt thing a President has ever done. Not close. https://t.co/CpDuxmS13d
— Chris Murphy 🟧 (@ChrisMurphyCT) April 23, 2025
Another X user Dday stated on X that this just might be “a long way outside the realm of [Trump’s] Presidential duties and subject to legal recourse”.
I am no lawyer, but I would suggest this just might be a long way outside the rhelm of his Presidential duties and subject to legal recourse.
— DDay (@DDay1152862) April 23, 2025
Lawmakers like House Financial Services Chair Frank Hill (R-AR) have publicly admitted that Trump’s crypto dealings complicate legislative efforts.
Notably, the TRUMP coin isn’t Trump’s only crypto endeavor. Last fall, he and his sons launched World Liberty Financial (WLFI), which claims to have sold 550 million tokens.
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