#BTCvsMarkets Breaking📣
The $TRUMP meme coin has experienced a significant rally, surging over 70% following an announcement that the top 220 holders will be invited to a private dinner with President Donald Trump on May 22 at the Trump National Golf Club in Washington, D.C. The top 25 holders will also receive a VIP reception and a special tour with the president.
This initiative is part of a broader push by Trump and his family into cryptocurrency ventures, including launching the exchange World Liberty Financial and expanding Trump Media & Technology Group’s crypto finance operations. The coin, initially launched before Trump’s January 20 inauguration, has generated at least $350 million in fees for entities tied to the president.
Business Insider
Despite the recent surge, the coin remains well below its all-time high of $75.35 reached on January 19. Analysts warn that the rally may be short-lived, as the coin's value has been highly volatile and subject to hype-driven fluctuations.
The dinner announcement has also raised concerns about potential conflicts of interest, as critics argue that the event exemplifies using presidential office for personal financial gain. The White House claims the president's assets are managed by his children, denying any conflict of interest.
Reuters
As of now, the coin is ranked the 37th-largest cryptocurrency by CoinMarketCap, with a current market capitalization of approximately $2.6 billion
