On April 23, 2025, the cryptocurrency world woke up to another stunt by U.S. President Donald Trump: his controversial official memecoin named $TRUMP is now the ticket to attend an exclusive dinner event with him, where he will discuss "the future of cryptocurrency" with 220 selected guests.
This event is held on May 22 at Trump National Golf Club in Washington, DC, and is regarded as one of the "most exclusive invitations in the world." The condition to attend the dinner event is simple: 220 holders of the most TRUMP memecoins (with a cap of $420 worth of coins) will be selected based on "holding quantity over time."
Needless to say, Trump's announcement led to a sudden price spike of up to 70% for the memecoin $TRUMP, peaking at $16.17. This price increase occurred after several months of continuous free fall for the memecoin from its all-time high of $73.43 in January this year, at the time of launch, down to a low of $4.29 until recently.
The race to the exclusive cryptocurrency dinner event hosted by Trump through the accumulation of his official memecoin has not been supported by the opposition in the United States, as several senators, including Elizabeth Warren, have called for the U.S. Office of Government Ethics to investigate President Trump. Even earlier, Trump was accused of insider trading related to his official memecoin launched just one day before his inauguration.
But these accusations from the opposition have had no impact on President Trump, who confidently supports his official memecoin. His fans in the cryptocurrency community also hope that the $TRUMP token will emerge as a major cryptocurrency equivalent to the memecoin dogecoin.
So, if you're eyeing a seat at the dinner table with President Trump on the night of May 22 in Washington DC or hoping that the memecoin $TRUMP will experience another significant price surge, this article will provide insights into this token and its future potential.
Before starting the analysis, it is important to note that you should always do your own research before investing in cryptocurrency, especially memecoins which are notorious for their extreme volatility.
OFFICIAL TRUMP Memecoin: The Journey So Far
The OFFICIAL TRUMP Memecoin was launched on the Solana blockchain in January 2025, just days before Trump was sworn in as the 47th President of the United States. The token is considered a digital collectible for Trump supporters, and the memecoin is described as embodying President Trump's fighting spirit.
The inspiration for this symbol stems from the incident on July 13, 2024, when Trump faced an assassination attempt during a rally in Pennsylvania. It is also seen in the OFFICIAL TRUMP logo, where Trump raises his fist in the air and shouts his slogan, "HIT, HIT, HIT."
The initial public token release amounts to 200 million, while the Trump Organization receives 80% of the total supply through locked distribution to prevent quick selling.
The launch of this coin has received widespread skepticism from the public. Critics of the cryptocurrency industry view this as a publicity stunt, while ethics oversight bodies and lawmakers express concern about the combination of presidential power with personal branding and financial interests.
The controversy intensified when Melania Trump introduced her own memecoin, and the Trump administration created cryptocurrency-friendly regulations and established a "Strategic Bitcoin Reserve Fund" aimed at blurring public policy goals with personal financial interests.
The Price Trajectory of the OFFICIAL TRUMP Coin
The price volatility of the $TRUMP coin has shown extreme fluctuations throughout its existence. Its price performance has resembled a roller coaster since launch. Immediately after launch, the price of $TRUMP skyrocketed to $73.43 due to the substantial hype and its association with the U.S. President.
However, excitement and enthusiasm have faded as its price dropped nearly 88% within weeks. By early April 2025, the token hit a low of $4, severely harming token investors.
An unexpected surprise occurred when the platform sent exclusive dinner invitations to top stockholders.
The announcement of the dinner invitation caused the value of this coin to surge by up to 70%, temporarily attracting renewed market interest in the coin and helping to stabilize its downward trend.
Trump's Dinner Invitation and Its Political Consequences
The self-proclaimed dinner invitation is touted as the "most exclusive invitation in the world" by offering investors both access to the president and a hearing regarding his future cryptocurrency plans. When the announcement was made, it sparked a speculative rush among investors competing for one of the limited seats at the dinner.
The immediate reaction turned out to be strong opposition. Two senators, including Elizabeth Warren and Adam Schiff, called for an ethics investigation as they believed the dinner deal could reach the level of "pay-to-play corruption," meaning the president sold access to the presidency to investors funding his business interests.
Senators expressed concerns about foreign nationals and corporate entities using the memecoin as a means to manipulate federal policy, questioning whether there are appropriate safeguards in place to prevent potential abuses.
According to senators, through his announcement, President Trump is granting access to the presidency in exchange for significant investments in his business projects, while warning about the risks of selling the opportunity to be president to foreign citizens and corporate entities with federal interests.
Should you buy OFFICIAL TRUMP before May 22?
The memecoin $TRUMP is a perfect example of how a political figure combined with celebrity status can drive market momentum. The price surge due to the dinner invitation indicates market excitement about the limited availability creating short-term profit opportunities; however, core dangers remain significant.
This coin has shown extremely volatile nature and sharp price declines. Furthermore, this token also faces ongoing challenges related to legality and ethical validity. It shows limited functionality as it does not provide significant long-term value or practical applications beyond exclusive events.
Additionally, most entities associated with Trump hold a majority of the $TRUMP tokens, which creates potential issues related to insider trading and market manipulation.
Most investors view the $TRUMP coin as a financial gamble rather than a viable long-term investment. Purchasing the $TRUMP token should be done with caution as potential benefits are limited to presidential dinners or future meme-driven market fluctuations.
