Trump hosted an exclusive dinner on May 22 for the top 220 $TRUMP coin holders, causing the coin to surge over 70%.
The meme coin, launched in January 2025, has surpassed a $10 billion market cap.
Around 80% of $TRUMP is held by Trump-linked entities, raising ethical concerns.
A new executive order by Trump supports crypto deregulation, boosting market confidence.
Supporters see $TRUMP as a political symbol, while critics question its public-private boundaries.