Trump's memecoin (TRUMP) is skyrocketing, up nearly 12% in the past 24 hours, currently trading at $14.25. Its market capitalization has reached $2.85 billion, and trading volume has surged to $1.83 billion, thanks to all the buzz surrounding Trump's upcoming dinner.
The sudden price increase occurred just before Trump's highly publicized Gala Dinner, where top coin holders will meet him in person. Naturally, the buzz is causing the coin to soar. This event, scheduled for May 22 at Trump National Golf Club in Potomac Falls, Virginia, is the promised reward from last month for top coin holders. Back in April, Trump announced that 220 top $TRUMP holders would be invited to an in-person meeting. Now, that promise is about to become a reality.
According to an email sent to invitees, the dinner will start with arrivals at 5:30 PM, followed by dinner at 7 PM, and may last until 10 PM. The evening requires formal attire and all guests must complete a background check before attending.
The identities of most top holders remain pseudonyms, but some have publicly confirmed their attendance. Justin Sun, the founder of the Tron blockchain and self-proclaimed billionaire, is one of them. "As a top holder of $TRUMP, I am excited to connect with everyone, talk about cryptocurrency, and discuss the future of our industry," Sun shared on X.
An email promoting the event describes it as "a once-in-a-lifetime memorable evening with the 47th President of the United States, Donald J. Trump." With an excited mindset and a surge in trading volume, TRUMP continues to prove that real-world events and real names can drive the growth of memecoin.