$Trump coin is surging again on plans for a dinner with the president and the token’s top holders
President Donald Trump launched his own meme coin in January.
The $Trump token soared as much as 71% on Wednesday after the project’s organizers said President Donald Trump will attend a dinner for the top 220 holders of the meme coin.
The token, launched days before Trump’s inauguration in January, hit an intraday high of $16.17 but pared its gains to about 41% at $13.39 at 1:02 p.m. in New York. It’s the highest price for the token since the beginning of March.
According to the official website of the meme token, Trump will be in attendance at a dinner scheduled for May 22.
The website read, “Have Dinner in Washington, D.C. With President Trump!” and added, “Will YOU be Having Dinner with PRESIDENT TRUMP?”
Trump sparked a cryptocurrency bonanza earlier this year following his inauguration. In addition to minting his own meme coin, first lady Melania Trump also issued a $Melania token. The president has also made a push into the stablecoin arena via Liberty One Financial, a digital assets venture backed by Trump and his sons.
The $Trump coin site said the top 25 holders of the token would be invited to an exclusive reception with Trump before the dinner.
“PLUS, We have separately arranged for a Special VIP White House Tour for you – so make sure you stay in town,” the website reads.
A disclosure on the website said the tour is being arranged by FightFightFight LLC and that Trump is appearing at the dinner “as a guest and not soliciting any funds for it.”
To be eligible to attend, if selected, holders cannot be from a KYC watchlist country, they must pass a background check, and cannot bring guests.
The announcement of the Trump dinner comes about one week after 40 million tokens owned by insiders of the crypto project were unlocked, making them available to be sold.
