#DinnerWithTrump From a purely performance perspective, the Official Trump memecoin has been a disappointment. After surpassing $75 on its launch day, its gains quickly evaporated as investors noticed the high concentration of tokens and the short acquisition period.

The token surged more than 70% after the news, briefly reaching $16, its highest price since early March. Subsequently, it pulled back to below $13, with a 43% increase in the last 24 hours.

The token, launched just a few days before Donald's presidential inauguration on January 20, faced negative backlash throughout the industry for capitalizing on public attention and office, and large allocations to insiders.