$TRUMP

The value of Donald Trump’s meme coin jumped by more than 50% on Wednesday after its official website said the coin’s top 220 holders would be invited to a private gala dinner with the president on 22 May.

The top 25 holders of the coin would also get “an ultra-exclusive VIP reception with the president”, as well as a special tour, the website said.

The coin, called $TRUMP, rose by more than 50% after the announcement to trade at about $14.70. It fell back slightly to $12.30 in early trading on Thursday, according to CoinMarketCap.