$TRUMP Mem-cryptocurrency of US President Donald Trump significantly increased in price this Wednesday. The surge occurred after the announcement that 220 largest holders of the coin, the current value of which is $14.02, reflecting a growth of 48.11%, will be invited to an official dinner with the president in Washington.

The value of $TRUMP rose to a maximum of $14.44 before stabilizing around $14, which means an increase of more than 45% in 24 hours. Among the 100 largest cryptocurrencies by market capitalization, $TRUMP is currently showing the best performance.

The invitation to the dinner, scheduled for May 22 at Trump’s private National Golf Club in Washington, was announced on the official website of the meme-coin. The website also reports that the 25 largest token holders will be invited to a reception and a special VIP tour of the White House.

The site also states that participants of the private dinner will have the opportunity to hear President Trump’s speech about the future of cryptocurrency.