Trump’s Dinner with 220 Crypto Elites Sends $TRUMP Coin Soaring by 70% – Dinner, Deals, and Drama!

Well, well, well. It seems that the Trump-themed meme cryptocurrency, bearing the not-so-humble title of “official token” of none other than President Donald Trump, experienced quite the surge on Wednesday. How much of a surge, you ask? A whopping 70%. Yes, 70%! After the announcement that the top 220 holders of this glorious token would be treated to an exclusive dinner with the man himself, the price soared to nearly $16. And all of this, my dear friends, from a token that had been lingering around with all the allure of a soggy toast.

The event, hailed on the project’s website as “the most exclusive invitation in the world” (a title I’m sure my butler would also give to his weekly shuffleboard games), sparked a buying frenzy that propelled the token’s price to dizzying heights. Of course, as expected, it eventually retraced to just below $12, which still represents a delicious 40% gain in the last 24 hours. Not bad for a meme coin, eh?

The rally, or rather, the financial rollercoaster, occurred just days after a cool $300 million worth of previously locked Trump tokens were released into circulation on April 18. But don’t fret, a mere 75% of the token’s total supply is still locked. Another 600 million tokens are set to be unleashed come July, which should keep things interesting, don’t you think?

But, dear reader, let us not forget the humble beginnings of this token. Launched just days before Trump’s January 20th inauguration, it has faced its fair share of criticism. Industry insiders have claimed the coin exploits Trump’s name, political clout, and public profile. In fact, the token has been accused of being about as useful as a chocolate teapot due to its hefty insider allocations and lack of any clear utility. A minor quibble, I’m sure, to those 220 lucky holders, who are now likely eyeing their dinner plates with as much anticipation as their wallets.

And yes, despite Wednesday’s spike, the Trump token is still languishing at a mere fraction—over 80% below its all-time high of $73, which it reached on January 19. So much for the “golden age,” right?

In a larger context, the Trump meme coin fits neatly into the president’s recent ventures into the realm of blockchain-based assets. Over the last two years, Trump has graced the crypto world with not one, not two, but four NFT collections. Yes, four! And as if that wasn’t enough, he’s been increasingly tied to crypto-native fundraising and marketing strategies, suggesting that this is not a passing fancy, but rather part of a broader long-term interest in leveraging Web3 platforms for all things political, financial, and, dare I say, brand-building.

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2025-04-24 07:28